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Top 8 Features Every Fleet Fuel Management System Must Include in 2025

by Energies Media Staff

Transportation

Optimizing your energy supply chain requires thinking outside the box to maximize efficiencies and profitability.

Business

Thinking Outside the Box: Unconventional Supply Chain Planning

by Patrick Long

December 22, 2019

Optimizing your energy supply chain requires thinking outside the box to maximize efficiencies and profitability. When you think of your...

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Overnight Surges in Trading According to experts, the average daily volume during trading overnight (4pm up till 8 am) for natural gas was seen increasing by 120% from January 2017 to 2018. These signified all-time-highs in a single day with about 1.02 million contracts that were exchanged. The de-linking of crude oil and LNG prices is expected to bring forward a rapid evolution in the US and global natural gas market. Currently, the LNG market on global scale stands at a net worth of about $90 billion per annum. One contributing factor toward the efforts to increase LNG demand is how countries are reducing their dependence on coal and are moving towards sources with lower carbon – like China. The global trade of LNG had reached about 38.2 billion Bcf daily in 2018. This was up about 10% from the 2017 standings and probably the largest increase in volume since 2010. In 2019, the EIA has forecasted as much as 90.2 billion Bcf daily. This will continue to rise as the natural gas industry moves towards 2020 and forecasts are for 92.1 Bcf daily. LNG as the Future of Energy in the US The EIA has also stated that it expects total electricity generation from natural gas power plants. Their forecasts illustrate a steady rise till 2020 where the statistics stood at 35% in 2018. In 2019, this is expected to rise to 36% and 37% in 2020. In comparison, the share of energy generated from coal will stand at just 26% in 2019 and a lesser 24% in 2020. The share of nuclear power generation will stand near the current level of 26% in both 2019 and 2020. The share of hydropower is forecasted to be somewhat less than its current 7% figures in both 2019 and 2020. Lastly, non-hydropower renewable energy sources like solar and wind are expect to grow from the current 10% to about 11% in 2019 and will stand at 13% in 2020. That being said, shale drilling for natural gas has already brought the US to the 2nd in producers trailing only by a small amount behind Russia. America is also expected to account for as much as 40% of the extra natural gas production in the world by 2022!

News

U.S. Natural Gas Supply Future Projections and Sources

by Energies Media Staff

Geologists have dictated that natural gas and crude oil go hand-in-hand. If operators were to dig up a hole for...

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Risks of Managing an Oil and Gas Fleet

Midstream

Risks of Managing an Oil and Gas Fleet

by Energies Media Staff

December 27, 2018

Crude Oil and Gas are transported through numerous options, from a natural field where the reserves are extracted to the...

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What China’s Doing About Their Increasing Gas and LNG Demand

Downstream

What China’s Doing About Their Increasing Gas and LNG Demand

by Energies Media Staff

December 27, 2018

Did you know that China was set to become the world’s top importer of natural gas last year? This was...

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