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The United States remained Europe's top supplier of liquefied natural gas (LNG) in the first 3 months of 2021 as it continued to gain market share at the expense of Russia and Qatar, Europe's second- and third-largest sources of LNG, according to the EU Commission's latest European Gas Market Report. The US supplied 24% (4.2 Bcm) of the EU's overall LNG imports (17 Bcm in Q1 2021); Russia placed second at 21% (3.7 Bcm); and Qatar was third at 18% (3.1 Bcm), the EU Commission reported in early July. When compared to Q4 2020, the US picked up 2% market share from January to March this year, while Russia bested Qatar to become Europe's second-largest LNG supplier. Nigeria placed fourth, followed by Algeria and Trinidad and Tobago. A review of EU Commission reports dating back to 2019 reveals a steady quarter-to-quarter decline in Europe's LNG purchases while it also documents the growing rivalry between the US and Russia, Qatar's fall from dominance, and the emergence of the US as Europe's top LNG supplier starting Q4 2019.
The International Gas Union's (IGU) recent report on world LNG markets found that the trade increased by only 1.4 mt to 356.1 mt compared to 2019 supported by increased exports from the US and Australia, together adding 13.4 mt of exports. Asia Pacific and Asia again imported the most volumes in 2020, together accounting for more than 70% of global LNG imports. Asia also accounted for the largest growth in imports in 2020--adding 9.5 mt of net LNG imports vs. 2019. While 20 mtpa in liquefaction capacity was brought on stream in 2020, all in the US, startup of several liquefaction trains in Russia, Indonesia, the US, and Malaysia were delayed as a result of the pandemic, according to the report. The only project that was sanctioned in 2020 was the 3.25-mtpa Energia Costa Azul facility in Mexico, and in early 2021 Qatar took final investment decision (FID) on four expansion trains totaling 32 mtpa.
In line with the SPE Diversity and Inclusion Committee goals and under the scope of the Women in Energy program, SPE Qatar Section organized a webinar titled "Women in Oil & Gas Technical Leadership." The objective of the event is to promote, empower, and inspire women, especially those in the early stage of their careers, students, and female young professionals by providing an insight into key oil and gas trends and skills for personal and professional development. During the session, three keynote speakers from both professional and academic backgrounds shared their experiences: Maria Capello, executive consultant at Kuwait Oil Company; Marie Planckaert, vice president of geosciences and reservoir at Total Qatar; and Mashhad Fahes, associate professor at the University of Oklahoma. The speakers shared their success stories, industry knowledge, strategies, and experiences. The webinar was an opportunity for young members to hear the speakers' breadth of knowledge and expertise and learn about their path to professional and academic leadership.
There are different definitions of what is Well Integrity. The most widely accepted definition is given by NORSOK D-010: "Application of technical, operational and organizational solutions to reduce risk of uncontrolled release of formation fluids throughout the life cycle of a well." Other accepted definition is given by ISO TS 16530-2 "Containment and the prevention of the escape of fluids (i.e. Well Integrity is a multidisciplinary approach. Therefore, well integrity engineers need to interact constantly with different disciplines to assess the status of well barriers and well barrier envelopes at all times. Wells that are used for steam injection or steam soak production or Geothermal heat are subject to high differences in thermal cycling and also referred to as Thermal wells.
The United States and the United Arab Emirates will work together on coordinating finance to decarbonize the economy, focusing on areas including hydrogen, renewable energy, and low-carbon urban design, a joint statement said on 5 April. US climate envoy John Kerry, who is leading efforts to get countries to step up commitments to cutting emissions, during a visit to UAE took part in a Middle East and North Africa climate dialogue in Abu Dhabi on 4 April. "We will particularly focus our joint efforts on renewable energy, hydrogen, industrial decarbonization, carbon capture and storage, nature-based solutions, and low-carbon urban design," a joint statement from the United States and the UAE carried on state news agency WAM said. On 4 April, the climate dialogue concluded with another statement that was signed by Bahrain, Egypt, Iraq, Kuwait, Qatar, Sudan, the UAE, and the United States pledging to accelerate climate action, mobilize investment in a new energy economy, and help the world's most vulnerable cope with climate change.
Qatar Petroleum (QP) revealed this week that from 1 January 2022 it will take over 100% ownership of Qatargas Liquefied Natural Gas Company Ltd. (QG1) following a decision not to renew the joint venture agreements that expire on 31 December 2021. QG1 was established in 1984 and comprises the first three LNG trains in Al Khawr, Qatar. The project has an annual capacity of 10 million tonnes of LNG. It is a joint venture between QP, which holds a 65% stake, and current partners Total (10%), ExxonMobil (10%), Marubeni Corp (7.5%), and Mitsui & Co Ltd. (7.5%). QG1 was the pioneering LNG project to be developed in Qatar, whose success has paved the way for the development of Qatar's LNG industry, which is targeting production of 126 mtpa by 2027 via new production from the planned North Field expansion project.
Natural gas is almost certain to be the fastest-growing fossil fuel in the global energy mix for decades to come, comprising 28% of the global energy mix by 2050. Together with renewables, natural gas will likely fuel 60% of global electricity production, be it as pipeline gas, liquefied natural gas (LNG), or blue hydrogen. These are among the forecasts that appear in the 2020 edition of the GECF (Gas Exporting Countries Forum) Global Gas Outlook 2050 released in February 2021 and providing short-, medium-, and long-term energy projections based on assumptions regarding macroeconomic conditions, energy prices, and policies. The report is updated yearly and is the flagship publication of the organization, which represents countries that control 71% of global gas reserves. It is unique in that it focuses exclusively on the global gas industry, which today is providing for 23% of global energy needs. Headquartered in Doha, Qatar, the GECF is an intergovernmental organization comprising 11 member countries and nine observer states, established in 2001 by Russia and Iran.
A memorandum of understanding (MOU) was signed by Sheikh Khalid Bin Abdulla Al-Thani, chief engineering and projects officer for Qatargas, and Dr. Omar Al Ansari, vice president for academic affairs at Qatar University, in the presence of Khalid bin Khalifa Al Thani, chief executive officer of Qatargas, and Dr. Hassan Al Derham, the president of Qatar University. "This MOU is a reflection of the continuing and historical collaboration between Qatargas and Qatar University for the last 2 decades in the areas of education, research, knowledge-sharing, and community development," said Khalid bin Khalifa Al Thani. "It also supports the goals of the Qatar National Vision 2030. This joint collaboration recognizes the vital role that the ministries, private sector, and government entities play in serving the country and society. The exchange of experience and information between us will strengthen the relationship between the oil and gas sector and academia and enhance fields of study focusing on science, technology, and research."