This week in energy: Asia’s growing gas demand, setting sail with ammonia and carbon capture on the go
Each week, the Asia Natural Gas and Energy Association (ANGEA) compiles stories from the energy world that have caught our eye over the course of the previous seven days.
Given the region in which we operate – and our purpose – this collection of content is largely Asia-focussed. But we also look further afield, knowing that developments, trends and technology from around the world also have an impact across our region.
Here’s what’s resonated over the past seven days…
Asia’s growing gas demand towards 2050
There has been some interesting content coming out of the Gas Exporting Countries Forum (GECF) Global Gas Outlook 2050 Synopsis – particularly around increasing demand for natural gas from Asia.
According to this article, Asia Pacific will account for half of the global net increase in demand for gas to 2050, underscoring the role natural gas will play in energy transition in Asia.
Read more: https://bit.ly/3S7A6u1
Setting sail with ammonia
Fantastic to see another ANGEA member company pressing on with innovative research into the potential of ammonia as a future fuel.
In this cast its Mitsubishi Heavy Industries, partnering with INPEX to study an ammonia bunkering vessel that can supply ammonia fuel to ships. It’s been estimated that shipping contributes as much as 3 per cent of the world’s CO2 emissions so development of clean future fuels is highly relevant.
Read more: https://bit.ly/3It9lgb
Mitsubishi Shipbuilding will collaborate with @INPEX_OFFICIAL to study an #ammonia bunkering vessel that can supply ammonia fuel to ships. ? Learn how this leverages our expertise to #decarbonize #shipping: https://t.co/fIlM4yh70k#MHIGroup #MoveTheWorldForward #MissionNetZero
— Mitsubishi Heavy Industries (@MHI_Group) February 16, 2023
Taiwan commits to net zero by 2050
Taiwan’s net zero commitment this week is yet another indication of the value countries in Asia are placing in natural gas as they work to achieve climate targets.
Projections see Taiwan generating 50 per cent of its electricity through gas by 2025, up from 37 per cent in 2021.
Read more: https://s.nikkei.com/3Ic4cYN
Asia’s big share of world’s electricity
The International Energy Association does an excellent job in compiling data that is relevant to industry and its latest Electricity Market Report is no exception.
It shows that Asia will use half of the world’s electricity by 2025, highlighting the need for decarbonisation to achieve climate targets and the opportunity for gas to replace coal as a transition fuel for generation in Asia.
Read more: https://bit.ly/40J0WfT
The big blue opportunity
Another one from the GECF – this time focussed on the potential of blue hydrogen on the pathway to net zero.
With hydrogen projected to make up 10 per cent of the world’s energy mix by 2050, the likely cost-effectiveness of “blue production” – using natural gas and carbon capture – could be a huge factor in making that a reality.
Read more: http://bit.ly/3xm87wY
Carbon capture on the go (part 1)
The potential of carbon capture may be limited only by our imaginations – and those limits are shrinking by the day!
A concept car developed by students at the Eindhoven University of Technology can capture up to 2kg of CO2 for each 20,000km travelled.
Read more: http://bit.ly/3I4DIZ9
— just-auto.com (@justauto) February 14, 2023
Carbon capture on the go (part 2)
As stated previously in this article, the shipping industry makes a significant contribution to global carbon emissions.
Carbon capture on ships is something we’re going to hear a lot more about, and this installation of capture technology on tankers of Singapore-headquartered EPS is an exciting development.
Read more: http://bit.ly/3YJNgzE
ANGEA is an industry association representing LNG and natural gas producers, energy buyers, suppliers and companies in APAC. Based in Singapore, it works in partnership with governments and societies across the region to deliver reliable and secure energy solutions that achieve national economic, energy security, social and environmental objectives and meet global climate goals.