Hydrocarbon Processing - December 2020 - GP-3

EDITORIAL COMMENT

CONTENTS

The IEA's " Global Gas Security Review
2020 " report, released in October, projects
that global gas demand will fall by 3%, or
120 Bm3, in 2020-the largest drop on record. Several LNG export projects scheduled for FID this year have been forced to
postpone their decisions to 2022-2023, as
A. BLUME,
discussed in Hydrocarbon Processing's " HPI
Editor-in-Chief
Market Data 2021 " report, also released in
October. Amid this temporary demand shift, LNG continues
to play a central role in balancing global gas markets.
Faced with a historic fall in global gas demand in the first
six months of 2020, gas producers and exporters have provided necessary flexibility to adjust supply. LNG was one of the
key enablers of this adjustment, with monthly global exports
decreasing by 17% between January and July. In this context,
LNG contracting activity has collapsed from a high of 95 Bm3
in 2018 to approximately 35 Bm3 in the first three quarters of
2020, according to the IEA.
Meanwhile, the structure of LNG supply is set to be reshaped, since roughly one-third of active contracts are due to
expire between 2020 and 2025, while export capacity is set to
expand by 20%. These trends create an unprecedented challenge and opportunity for market participants.
If fewer LNG projects come online than previously anticipated, it will help ease the ongoing supply glut by reducing
global LNG supply between 2024 and 2027. However, strategists have warned that balking at too many prospective LNG
projects will undermine supply/demand fundamentals. After
the 2020s, more LNG will be required to meet continuing
growth in Asia's burgeoning economies. GP

GasProcessingNews.com | NOVEMBER/DECEMBER 2020

SPECIAL FOCUS: PLANT DESIGN
AND PROCESS CONTROL
15

Streamline the LNG FERC application process
G. C. Shah

Startup troubleshooting of amine
units in LNG export facilities
D. Engel, C. Ridge and S. Williams

A project manager's challenges
in LNG megaprojects
D. Bawa

PIPELINES

Mitigate pipeline corrosion by prioritizing
ϐ
B. Dalton

HEAT EXCHANGE

Safely design brazed aluminum heat
exchangers to avoid thermal shock
I. Hussain

www.GasProcessingNews.com

P. O. Box 2608
Houston, Texas 77252-2608, USA
Phone: +1 (713) 529-4301
Fax: +1 (713) 520-4433
Editorial@GasProcessingNews.com

TURBOMACHINERY

Increase turbine availability and
ϐǦǦϐ
T. Ajayi and L. Scott

PUBLISHER
EDITORIAL

Catherine Watkins

Editor-in-Chief
Managing Editor
Editor-in-Chief/Associate Publisher,
Hydrocarbon Processing

Adrienne Blume
Mike Rhodes
Lee Nichols

Sheryl Stone
Cheryl Willis
Angela Bathe Dietrich
Melissa DeLucca
David Weeks
Krista Norman

Regional Focus..................................................................... 9

The natural gas dehydration process
L. Micucci

COLUMNS

MAGAZINE PRODUCTION
Vice President, Production
Manager, Advertising Production
Manager, Editorial Production
Assistant Manager, Editorial Production
Artist/Illustrator
Graphic Designer

BACK TO BASICS

ADVERTISING SALES

Mega-project in the FSU: Ongoing development
of the Shah Deniz gas field

Industry Focus......................................................................11
COVID-19 stokes competition for Europe's LNG market

See Sales Offices, page 43.

Safety and Sustainability ................................................... 13
A new standard of safety for onshore passive fire protection

DEPARTMENTS
President/CEO
CFO
Vice President, Upstream and Midstream
Vice President, Finance and Operations
Vice President, Production
Vice President, Downstream

John Royall
Alan Millis
Andy McDowell
Pamela Harvey
Sheryl Stone
Catherine Watkins

Other Gulf Energy Information titles include: Hydrocarbon Processing ®, World Oil ®,
Petroleum Economist ©, Pipeline & Gas Journal and Underground Construction.

News ................................................................................................. 4
Global Project Data ........................................................................ 6
US Industry Metrics .........................................................................8
Products ......................................................................................... 43
Cover Image: LNG tank pad at the LNG Canada site in Kitimat,
British Columbia, Canada. Photo courtesy of LNG Canada.

http://www.GasProcessingNews.com http://www.GasProcessingNews.com

Hydrocarbon Processing - December 2020

Table of Contents for the Digital Edition of Hydrocarbon Processing - December 2020