On a Texas Energy Conference on which some of the most innovative technologies of the field (scrubbing carbon to build up the first of the world and the race for the first of the world Fusion power plantFor example) – This year, people cannot stop talking about good old natural gas.
According to S&P Global, a financial information and analysis company, the worldwide appetite for condensed natural gas (LNG) will probably grow by 40 percent in the next five years. In the past, natural gas has not been a hit with environmentalists, but the managers say that it has greater demand and believe that it will play a role in fulfilling a global need for stable electricity and the countries will help to move from coal.
“Practicality and pragmatism will always win,” said Tengku Muhammad Taufik, CEO of the multinational oil and gas company Petronas in Malaysia.
The goods nowadays have a new shine thanks to the rise of the AI. Data centers that store computer systems and servers suck up gigantic Quantities of electricity that must be available every day. Tech giants have gained a wide network to look for various energy sources in order to predict data centers – including hydrogen, geothermal energy and nuclear energy – and the observers of the energy industry that natural gas will be at least a large part of the mix.
“Data centers and AI are energy chopes,” said Meg O’Neill, CEO of the Australian oil and gas company Woodside Energy, to CBC News. “We ask ourselves: ‘What is the energy source that is most flexible to meet this energy requirement?’ And we believe that LNG will play an even more important role.
The concerns about energy security, especially after the invasion of Ukraine in Russia in Ukraine, has also stimulated demand. According to O’Neill, buyers return to the table and ask for long-term LNG contracts.
“Last year we signed 10-year contracts with leading industrial players in Japan, Korea and Taiwan,” she said. “You know that you will need LNG as part of your energy mix and you want price safety.”
LNG will be “core” of the energy transition, says Exec, says Exec
Patrick Pouyanné, CEO of the French multinational energy company total energy, told an audience in Houston that gas -fired power plants can also help change the countries from coal. According to data and analysis companies Wood MackenzieThe burning of GA only creates half of the carbon dioxide as a burning coal.
“I am convinced that gas will be the core of the energy transition,” said Pouyanné. He said it could also play a role in supporting the wind generated by intermittent wind and solar.
That has the truth, said Dan Grossman from the Environmental Defense Fund (EDF), but he noticed that companies that use natural gas have to ensure that they have to do with their methane emissions.
“If you really want this to be the decade of the gas, from the climate perspective, make it better ensure that you have your house in terms of methane emissions,” said Grossman, the Vice President of the Energy Transition with the US environmental representative.
A developer of renewable energies also resigned against the sunny representation of natural gas.
John Ketchum, the CEO of Nextera Energy, the largest manufacturer of wind and solar energy in the United States, said it takes time to build a natural gas system from scratch and that the problem worsens the problem.
“To get a gas turbine into your hands and actually build it throughout the market, you will really look at yourself in 2030 or later,” said Ketchum.
Nevertheless, politicians and managers from LNG-producing countries were busy strengthening their advantages this week.
US Minister Chris Wright, whose administration has reversed an earlier Prohibition of LNG exportssaid there is no way that renewable energies can “replace” replace “countless“Advantages of natural gas and took a press conference on Monday as an opportunity to sign an LNG Approval for export.
Alberta Premier Danielle Smith is also in Houston to promote natural gas. During a Wednesday on stage during a Ceraweek committee, she promoted a study recently commissioned by the Alberta Energy regulator in which it became known that the province of natural gas reserves of 1,360 trillion cubic foot (TCF), of which 130 TCF can be detected and restored. It was previously assumed that Alberta had 24 TCF.
“We have a really, really good gas story,” said Smith, whose government commissioned an AI calculation center plan, which has commissioned the province as a ‘funding as’ as’.Main goal‘Thanks to the natural gas reserves.
Canada proposed six LNG projects on the west coast and in construction, including phase 1 of the LNG Canada, which is expected to be online this summer RBC. This project is observed exactly by countries like Japan, said Tatsuya Terazawa, CEO of the Institute of Energy Economics, Japan.
According to Terazawa, Japan has only a few natural resources and is looking for Canadian LNG to increase its energy safety and help with the “diversification of our energy source”, especially in view of the short route between BC and Japan.
O’Neill, the Woodside manager, said that she too has Canada. While the company previously retired from an LNG project in BC, O’Neill said that they are watching the development of LNG on the west coast of this country.
“We were very optimistic about the possibilities of monetizing North American gas for a while,” she said.
