Issues of Natural Gas Suppliers in the Energy Sector in Australia |
Posted: July 28, 2021 |
Φυσικό αέριο is a versatile fossil fuel that is a worldwide energy commodity and an increasingly important source of energy in Europe. Its price has been driven up sharply by over the recent financial crisis, making it more difficult for many of the world's leading Natural gas producers to profit from their gas. However there are some promising signs for the sector as many large players are regaining market share as part of a concerted counter move by the major players in the market. Natural gas remains a key commodity and has a major influence on European economies through both consumption (which makes up around a third of the EU's annual spending) and export activity. Its price has decreased substantially in the past decade but is still competitive compared to other energy commodities. This means that companies involved in the exploration and production of Natural gas are reaping the rewards and are reaping big dividends as the sector recovers. Supply. Greece has an abundance of untapped resources, especially in the form of LNG (liquefied natural gas) which can be transported to other parts of the country in large volume. Natural gas demand will increase in the coming years as consumption returning to previous levels in developed markets and developing countries like Greece increase. After a 4% fall in 2021, natural gas supply is predicted to gradually recover as demand picks up close to its previous level, especially in developed markets where most of the gas consumed is sent to the larger cities in Greece. Greece's LNG industry has recently applied for permits to import the first shipment of LNG from Russia this autumn. Control and regulation. The main sources of natural gas in Greece are the two pipes, the interconnecting natural gas pipelines and the domestic methane gas plant. The interconnecting pipeline gas supply runs through the country between its two connecting points in Athens. The domestic plant converts methane gas into LNG and ships it to several users all over the country. In addition to these sources, there are several hydroelectric power plants that use natural gas as a cheap source of electricity. NNGs. This term refers to the number of units required to meet the national natural gas transmission system objectives. Units are normally scheduled for dispatch every month and the best ones are the cheapest. An important advantage of the NNGs is that they provide a competitive price when compared to the LNGs and interconnecting pipelines. The biggest drawback is that the high prices are offset by the need for frequent dispatches thus rendering the NNGs somewhat of a temporary solution to a long term problem. Gas distribution networks. Natural gas is delivered to houses, industrial complexes and public buildings through gas distribution networks. The main networks are the national gas distribution network and the regional gas distribution networks. The national network is responsible for sourcing the pure gas and then delivering it to various end-users at a wholesale price. The regional networks are responsible for delivering the gas to the consumer at point of sale. Contracts. Many natural gas suppliers have signed memorandums of agreement enabling them to supply energy to consumers at a fixed rate for an agreed period of time. The consumer is then charged for the surplus during the period of the contract. These contracts can be renewed annually or semi-annually and are popular with both large and small scale producers who need to manage their inventories over a longer period of time.
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