A bounce back from COVID-19 explains only part of China’ surging demand for LNG. Structural factors suggest heightened weather-related demand volatility in the future. [Gas in Transition, Volume 1, Issue 8]
China’s focus on self-sufficiency will not hold back LNG demand [Gas in Transition]
May 4, 2021 5:15:am
Summary The focus of China’s 14th Five-Year Plan is self sufficiency with an implied short-term increase in coal use and a major effort to boost domestic gas production, alongside rapidly expanding renewables and nuclear capacity in electricity generation. Yet even as gas imports along the new Power of Siberia ramp up, China’s demand for LNG is expected to grow fast. Projections of 80-110bn m3/year by 2025 could well prove low, given LNG’s flexibility in meeting demand variations, possible shortfalls in targeted domestic gas output and gradual liberalisation of the gas market. [Gas in Transition, Volume 1, Issue 1]
British Power Market Reflects Low Carbon: Timera
Mar 15, 2021 12:50:pm
Summary
by: William Powell
The success of open-cycle gas turbines (OCGT) in the British capacity auction early March, where prices cleared at £18 ($25)/kW, provides an interesting insight into the structural trans.
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Gas and Germany’s energy transition [NGW Magazine]
Feb 17, 2021 8:55:am
Summary With coal and nuclear fast coming offline, Germany will need more gas to support its renewables expansion and keep the lights on when there is no wind and sun. [NGW Magazine Volume 6, Issue 4]
by: Andreas Walstad
The share of gas in Germany’s power generation mix has been rising steadily over the past few years, from less than 10% in 2015 to 16% in 2020 according to Eurostat data and estimates from think tanks Ember and Agora Energiewende.
As nuclear and gradually also coal is phased out, the share of gas is expected to continue to rise.