The editors of Hydrocarbon Processing, sister publication to Gas Processing & LNG, will release their “HPI Market Data 2022” annual forecast report in October. This report presents information on global spending and construction projects for the refining, petrochemicals and natural gas sectors, as well as market breakdowns by region and country for each of these industry segments.
In looking at the natural gas/LNG sector, the COVID-19 pandemic has transformed the energy landscape and restructured business priorities. Rather than slowing the energy transition, however, the upheaval caused by the pandemic has fast-forwarded decarbonization efforts by governments and energy supermajors, brought forward the timeline for peak oil demand, fast-tracked the digital transformation in oil and gas, and whetted investor appetites for low-carbon energy technologies.
As the pandemic subsides with greater access to vaccinations, the short-term market volatilities introduced by COVID-19 will give way to more enduring concerns. For fossil fuel producers and processors to survive the business and operational challenges posed by the energy transition—and to take advantage of the opportunities presented by a move toward a greener future—they must apply strategies for emissions reduction, energy efficiency and lower-carbon energy integration. This is particularly true for midstream companies, which deliver the lowest-emissions fossil fuel but find their market shares increasingly challenged by renewable energy.
For in-depth analysis of how these trends will impact global and regional gas/LNG and NGL markets, reserve your copy of the “HPI Market Data 2022” report by visiting store.gulfenergyinfo.com today! GP
Throughput optimization for pipelines and gas plants
Many processes within oil and gas pipelines and processing plants depend on maintaining specific temperatures and pressures at which the process fluids are liquids or gases. In addition, anytime water is a component in the process fluid hydrates can form and plug piping and vessels. Learn how Sensia’s Throughput optimization solution allows operators, and control systems to “see inside” the process in real time to understand where the facility is operating with respect to critical physical constants, including the phase envelope and hydrate temperature. This insight allows for more stable operation, reduced energy expenditure and associated emissions, and greater facility throughput. Case studies will include controlling methanol injection, managing heaters, virtual sensors for sulfur recovery units and more.
April 1, 2021 10:00 AM CDT