Daily Digest: March 20th, 2020
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US Mulls Sanctions to Firm up Oil Prices: Press
The US plans to coerce Russia and Saudi Arabia into cutting output to firm up oil prices and protect the US shale industry, the Wall Street Journal (WSJ) reported late on March 19 citing sources.
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The Big Picture:
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Washington's intervention could involve a "diplomatic push" to get Saudi Arabia to slash production, as well as the threat of further sanctions against Russia.
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Germany to Develop Hydrogen Pipeline
German transmission system operator Open Grid Europe (OGE) has teamed up with other energy companies to supply hydrogen to industrial consumers in northwest Germany starting in late 2022, it said on March 17.
The Big Picture:
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While gas producers have lobbied for the use of blue hydrogen, which can be produced from gas using environmentally friendly methods such as methane pyrolysis, the government intends to include only green hydrogen derived from renewables in a package of incentives it plans to introduce.
Gasum to Deliver Biogas to Finnish Refinery
Finnish gas firm Gasum said it had reached an agreement with cleantech firm Forchem to supply liquefied biogas (LBG) to the latter's tall oil biorefinery in Rauma, Finland.
The Big Picture:
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LNG infrastructure can be used to supply liquefied biogas as well.
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Gasum noted that industrial operators could significantly lower their emissions through the use of LNG and LBG. The latter can be produced from feedstocks including biodegradable side streams from industrial and other enterprises, as well as from consumer biowaste.
US Funds Botswana Gas-to-Power Project Feasibility Study
The USTDA has awarded a grant to Kalahari Energy Botswana for a feasibility study of a power plant that will generate power using indigenous coalbed methane.
The Big Picture:
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Kalahari has selected the US company Advanced Resources International to conduct the study.
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“The project will bring critically important additional power to Botswana’s electrical grid and will have a significant impact on the economy of Botswana."
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Woodside Announces Measures to Combat Covid-19 Risks
Australian Woodside announced various measures to identify, minimise and manage potential risks and impacts arising from Covid-19.
The Big Picture:
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Woodside will establish a A$3mn (U$1.8mn) Covid-19 community fund to support local organisations in the town of Karratha.
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“To comply with expert health and government guidance we are reducing the number of people at our facilities and working with our contractors, suppliers and communities to minimise the impact of the pandemic,” Woodside CEO Peter Coleman said.
