U.S. EIA - Energy consumption in Asia, the Middle East, and Africa continues to grow rapidly, with about 20% growth in each region between 2010 and 2016, according to newly available data in EIA’s International Energy Statistics database. In particular, energy consumption has been increasing in the Middle East and Africa, driven by economic growth, increased access to energy markets, and quickly growing populations. Energy consumption in Asia grew even as energy consumption in China declined between 2015 and 2016.
NPD - The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023. Overall production will then approach the record year of 2004.
POWERMAG - A new study from an economic research group shows that U.S. emissions of carbon dioxide (CO2) rose about 3.4% last year, including a 1.9% rise in emissions from power generation.
POWERMAG - Blockchain, originally devised for digital currency such as bitcoin, has moved into the energy space, allowing digital information to be distributed across networks.
WNN - TVEL and CNLY have signed a contract for the supply of nuclear fuel for the CFR-600 sodium-cooled pool-type fast-neutron nuclear reactor under construction in Xiapu County, in China's Fujian province. TVEL is the nuclear fuel manufacturer subsidiary of Russian state nuclear corporation Rosatom, while CNLY is part of China National Nuclear Corporation (CNNC).
EIA - In 2018, the average annual Henry Hub natural gas spot price increased to $3.16 per million British thermal units (MMBtu), up 15 cents from the 2017 average.
PLATTS - The global LNG shipping spot market is expected to remain strong in 2019 on the back of higher spot LNG demand and trading volume growth outpacing LNG vessel supply, according to analysts and ship brokers.
REUTERS - Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019.
PE - A steadily growing fleet of liquefied natural gas (LNG) carriers purpose-designed to combat the ice floes of the Northern Sea route is giving the giant Yamal plant in the Arctic Circle a long-term competitive advantage, as the vessels deliver gas into Asia and Western Europe in conditions that were until recently considered too hostile.
PENINSULA - Currently, Qatar is leading liquefied natural gas (LNG) exports with 12 consecutive years under its belt, while the US is looking to raise its LNG exports with its abundant shale gas supplies.
REUTERS - A final investment decision (FID) could be taken on more than 60 million tonnes per annum of LNG capacity this year, well above the previous record of about 45 million tonnes in 2005 and triple last year’s 21 million tonnes, Wood Mackenzie’s research director for global gas and LNG, Giles Farrer, said.
MEOG - An expected $210bn will be spent on offshore oilfield services globally next year, according to Rystad Energy’s latest project sanctioning report. Offshore contractors have experienced four consecutive years of declining revenues, but those still standing can expect revenues to start growing again next year.
TASS - Accident-tolerant nuclear fuel Rosatom specialists created in 2018 will considerably enhance the safety of nuclear power plants, the A.A. Bochvar High Technology Research Institute for Inorganic Materials (VNIINM) said in a news release.
ASAHI - At least 1.9 trillion yen ($17.12 billion) will be needed for the planned scrapping of 79 nuclear facilities, including the failed Monju prototype fast-breeder reactor, according to the Japan Atomic Energy Agency (JAEA).
PLATTS - German wind power output rose to a new annual record in 2018, up 5.4% or 5.7 TWh year on year at 111.4 TWh, TSO data aggregated by think tank Fraunhofer ISE show.