LNG
For The First Time In 60 Years – The U.S. exported more natural gas than it imported in 2017
A new report out from the U.S. Energy Information Administration (EIA) is highlighting the natural gas sector and the growing export opportunities that the U.S. domestic industry are opening up. For the first time since 1957 The United States exported more natural gas than it imported in 2017. The transition to net exporter occurred as natural gas production in the United States continued to grow, reducing pipeline imports from Canada and increasing exports, both by pipeline and as liquefied natural gas (LNG). According to the EIA natural gas production in the United States increased significantly over the past decade. The United States surpassed Russia in 2009 as the world’s largest natural gas producer as shale gas production drove overall increases in natural gas production. Most recent...
China becomes world’s No.2 LNG importer in 2017, behind Japan
Last week the EIA reported that China will become the second largest LNG importer in the world, behind Japan. Several outlets have written about this growth and what it means to the industry as a whole. The report states that China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS Markit and official Chinese government statistics. Chinese imports of LNG averaged 5 billion cubic feet per day (Bcf/d) in 2017, exceeded only by Japanese imports of 11 Bcf/d. Imports of LNG by China, driven by government policies designed to reduce air pollution, increased by 1.6 Bcf/d (46%) in 2017, with monthly imports reaching 7.8 Bcf/d in December. China’s imports of natural gas have grown to meet increasing domestic ...
Honeywell To Provide Natural Gas Liquids Fractionation Plant For MarkWest’s Hopedale Plant
DES PLAINES, Ill., Feb. 12, 2018 /PRNewswire/ — Honeywell (NYSE: HON) today announced that its UOP Russell business will provide a fractionation plant capable of producing 60,000 barrels per day of natural gas liquids (NGLs) to MarkWest Energy Partners. The company, which is a wholly owned subsidiary of MPLX LP (NYSE: MPLX), will install the plant at its Hopedale facility located in Jewett, Ohio. The fractionation system will recover propane, isobutane, normal butane and pentane – or natural gasoline — from mixed natural gas liquids for use in petrochemical manufacturing. “A growing number of gas processors are investing in NGL fractionation technology,” said Craig Ranta, Honeywell’s business director for UOP Russell. “Today, our fractionation technologi...