Spain: Demand for Natural Gas Rises 9% in 2017
Demand for natural gas in 2017 has grown by close to 9% in Spain, compared to 2016, reaching 351 TWh. It is the third consecutive year of increased gas demand in the country. Industrial demand for natural gas, which accounts for close to 60% of the total demand, has shown a rise of 7%, in line with the positive evolution of the economy. Among the industrial sectors showing the highest growth in their gas consumption are metallurgy and construction. Natural gas demand for power generation has grown by 27%. The figure is influenced by low levels of hydroelectricity generation this year, down by approximately 48% compared to 2016. Consumption of natural gas by homes…
LNG Capital Expenditure
A strong continuation in the recovery of LNG expenditure is underway worldwide, driven by a growing demand for natural gas. The new eighth edition of Douglas-Westwood’s (DW) World LNG Market Forecast expects that global capital expenditure (Capex) will total nearly $228B during the 2013-2017 period. The surge includes capital expenditure on base-load onshore and offshore fixed LNG liquefaction, LNG carriers and LNG regasification, via both onshore and offshore fixed import terminals.
Historic Shipwreck Discovered in Northern GOM
During a recent Gulf of Mexico expedition, NOAA, BOEM and partners discovered an historic wooden-hulled vessel which is believed to have sunk as long as 200 years ago. Scientists on board the NOAA Ship Okeanos Explorer used underwater robots with lights and high definition cameras to view remnants of the ship laden with anchors, navigational instruments, glass bottles, ceramic plates, cannons, and boxes of muskets. Equipped with telepresence technology, Okeanos Explorer reached audiences around the world who participated in the expedition through live streaming Internet video. As members of the public ashore watched live video from the ocean bottom…
IEA Report: Natural Gas’ Potential “Golden Age”
As supply and demand factors increasingly point to a future in which natural gas plays a greater role in the global energy mix, the International Energy Agency (IEA) released a special report exploring the potential for a “golden age” of gas. The new report, part of the World Energy Outlook (WEO) 2011 series, examines the key factors that could result in a more prominent role for natural gas in the global energy mix, and the implications for other fuels, energy security and climate change. The report, titled, “Are We Entering a Golden Age of Gas?” presents a scenario in which global use of gas rises by more than 50% from 2010 levels and accounts for more than a quarter of global energy demand by 2035.
