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Eight Energy Firms Commit to Tackling Methane Emissions

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Natural gas usage around the world is still on the rise for a number of reasons but a main one being it is better for the environment than other fossil fuels. Countries such as China are increasingly using it to power long distance trucking and countries like Ireland are considering using it to improve their energy security. However, as the main component of natural gas is methane, a major greenhouse gas, the accidental but inevitable emissions of this gas during the production, processing and distribution of natural gas constitute a significant threat to the environment. That is why energy companies BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall are committing to reducing emission in every part of their operations.

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The Biggest LNG Vessel in the World Arrives in Turkey

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The biggest liquid natural gas (LNG) transporting, storage and regasification vessel ever is due to begin operation in November from its location in the Mediterranean Sea off the coast of Turkey. As long as the Eiffel Tower is tall, this ship can hold 263,000 cubic meters of LNG and was recently named the MOL FSRU Challenger in a ceremony in South Korea. It was built by Mitsui O.S.K. Lines Ltd as the first floating storage and regasification unit (FSRU) the company has independently built, owned and operated. It is designed to increase Turkey’s regasification capacity to improve their energy security following the installation of their first FSRU called Neptune.

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A new integrated energy centre to power the future

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With such ambitious carbon reduction targets, the UK is coming under increasing pressure to find new and innovative ways to decarbonise the way we generate heat, store energy and transport people and goods. To this end, Newcastle University, Northern Gas Networks (NGN) and Northern Powergrid have launched InTEGReL – Integrated Transport Electricity Gas Research Laboratory – to bring together the best minds to work collaboratively to develop new energy generating technology and create new types of batteries, find better ways to use hydrogen and widen the use of CNG (compressed natural gas) in transport.

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Is this the Future of Biofuel?

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Recent breakthroughs in the world of biofuel could negate many of the drawbacks of using it. As a far more sustainable and environmentally friendly fuel, it seems strange that biofuel is not more popular but the way biofuels are currently produced makes them a less viable option. Despite this, companies including aviation companies are looking into ways to use biofuels to make their operations more environmentally friendly. This comes amid forecasts by the International Energy Agency that the supply of fossil fuels may struggle to meet demand in coming years. Fortunately, scientists from Queen’s University in Belfast and ExxonMobil may have found solutions to the current problems.

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Bahrain’s Plans for a New LNG Receiving and Regasification Terminal

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The kingdom of Bahrain is about to begin construction of a huge liquefied natural gas (LNG) receiving and regasification terminal to secure its energy future and power industrial expansion. Requiring a $741 million loan from a syndicate of nine regional and international banks and following an international tendering process, the project is owned by a consortium of companies, making the finance arrangements and partnerships involved complex, the construction plans expansive and the future goals ambitious.

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World Energy Outlook 2016

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The International Energy Agency released its World Energy Outlook for 2016 recently and its findings suggest that the period up to 2040 will be one of great change in the way the world powers itself. Thanks to the Paris Agreement, it predicts a rise in the use of renewable energy sources and natural gas with a significant decline in the use of coal.

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Europe’s Need to Grow a Backbone for Energy Security

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A report generated by the Atlantic Council, a highly influential international think-tank based in Washington DC, has called for greater connectivity in the supply for LNG across Europe.  It states that current and proposed pipeline development projects need to be moved forward and properly coordinated to ensure gas can flow freely across the continent.  The report makes two main suggestions for how this can be accomplished and purports that the major benefits to these hugely ambitious projects will be greater competition with Russian pipeline gas and US LNG in addition to greater energy security for the whole of the EU as countries would no longer be dependent on gas supply from individual countries such as Russia or Norway.

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An End To Cooking On Gas?

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Speculation is rife that an agreement achieved at December’s gathering of the United Nations to discuss climate change could spell the beginning of the end for cooking and heating with gas. The Paris climate change deal to stop global warming, approved by 195 countries, commits nations to greater reductions in greenhouse gases from 2020 onwards.