Gas Glut

abarrelfull wrote on 24 Feb 2010 09:56
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Exxon has two seperate news items today, both about is Qatari Gas Business.

They have a new LNG train up and running.

Ras Laffan Liquefied Natural Gas Company Limited (3) (Ras Laffan 3) today announced the completion and start-up of Train 7 at Ras Laffan Industrial City, Qatar.

They also have news of new production.

Qatar Petroleum and Exxon Mobil Corporation today announced the Al Khaleej Gas-Phase 2 (AKG-2) project, with 1,250 million cubic feet per day (mcfd) of sales gas capacity, initiated operations in December 2009.

An eye opening fact about the LNG business is this one.

Ras Laffan 3 Train 7 is the fourth 7.8 million tons per year LNG plant brought online by Qatar Petroleum and ExxonMobil joint ventures within the past 12 months.

We can see where the market is going can't we? So can the CEO of Oil Search, an Australian company also in the LNG business.

Although Botten conceded there was a risk of LNG oversupply, he said he was confident PNG LNG would have little trouble securing additional buyers.

Whilst everyone is confident of their projects, they admit that on a macro scale, we have a problem. What we need is for natural gas to replace more coal and oil. By happy coincidence, this might just be part of the solution.

With Bloom's fuel cell, air and fuel — such as natural gas, ethanol or biogas — are fed into the cell. The oxygen ions react with the fuel to produce electricity. There's no burning, so the fuel cell is two-thirds cleaner than coal-fired plants, Bloom says.

An affordable fuel cell, could be the catalyst that creates distributed power generation, which would massively boost the use of natural gas. Its not the only possible solution, but if gas prices remain low, it would certainly help such alternatives to take off.

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