Short-term analysis of the global gas market amid COVID-19

first_imgThe Gas Exporting Countries Forum (GECF) Secretariat has presented the first edition of the GECF Annual Short-Term Gas Market Report 2020, which aims to become a reference for short-term views and analysis of the global gas and LNG markets. Global gas industry hit by a perfect storm The report highlights that the gas industry continued to expand at a healthy pace in 2019 both in terms of supply and demand, though the expansion was slower compared to 2018. The Forum noted that the publication of this report coincides with the still unfolding situation around COVID-19, which has led to a significant slowdown in global activities. The lower revenue streams forced many NOCs and IOCs to postpone or even cancel investment in the oil and gas industry, which could lead to an imbalance between natural gas supply and demand in the future. Most countries across the world implemented strict lockdown measures, which saw energy demand plunge across all major gas consuming regions. This resulted in oil and natural gas prices spiralling out of control to unprecedented lows. In comparison to other fossil fuels, natural gas demand appears to have been less impacted by the pandemic. The publication sheds light on different aspects of the gas market, firstly with an overview of the main risks and challenges that the gas industry is facing today, with an analysis of the influencing factors and the critical areas for the gas industry as a whole, and for GECF member countries in particular.  Read the full report: GECF Annual Short-Term Gas Market Report 2020. Finance and Policy Generation Low carbon, solar future could increase jobs in the future – SAPVIA TAGSCOVID-19gasLNG Previous articleSustainability pioneer to chair hydropower sustainability councilNext articleSix trends to shape the global cybersecurity market in 2021 Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. Read more:LNG marketCOVID-19 RELATED ARTICLESMORE FROM AUTHOR Sign up for the ESI Africa newsletter Amidst the weakened natural gas demand and low prices, some natural gas producers were forced to lower their production. The lower natural gas prices translated into reduced revenues for NOCs and IOCs, which in turn resulted in a shrinkage of revenues for gas exporting countries. The report is a supplement to the GECF Global Gas Outlook, which provides the longer-term view on the gas market. However, looking ahead to 2021, GECF expects a recovery in the natural gas industry as the world returns to some form of normality following the COVID-19 pandemic. Secondly, the report provides a comprehensive analysis of the developments in the gas and LNG industry over the past two years, with a special focus on 2020 and the impact of COVID-19 on the industry. AFD and Eskom commit to a competitive electricity sector BRICS Image: Wojciech Wrzesie?©123RF.com Throughout the report, the GECF shares its independent assessment on the gas market with the main outcomes of the years 2019 and 2020, as well as the short-term prospects for the full year 2020 and 2021. The pandemic is expected to leave its mark on 2020 and 2021 before allowing the expected recovery to pre-COVID-19 levels. In this context, GECF titled the latest edition: Gas Market Response to Turbulence: Resilience, Reliability & Lessons Learnt. UNDP China, CCIEE launch report to facilitate low-carbon development Furthermore, it highlights the short-term outlook and identifies potential opportunities and challenges that should be considered by gas producers. The topics covered include global economy and energy policy developments, natural gas consumption and supply, trade and gas prices. The combination of these factors defines the evolving architecture of the gas market. Prior to the COVID-19 pandemic, an apparent oversupply in the LNG market resulted in the erosion of global spot natural gas and LNG prices. As the world entered 2020, the gas industry was hit by a perfect storm, which was created by a combination of a mild winter season, an oversupplied LNG market and the COVID-19 pandemic.last_img read more

Dale Earnhardt Jr.’s favorite All-Star Race memories

first_imgRELATED: All-Star race schedule | Best All-Star moments in photosHeading into the Monster Energy NASCAR All-Star Race weekend at Charlotte Motor Speedway, Dale Earnhardt Jr. shared some of his most vivid memories of the race on his “Dale Jr. Download” weekly show on Dirty Mo Radio.As a kid, he recalled watching the race from the condominiums at the track, which opened in 1984. But it wasn’t until he was older that he really appreciated what he saw in 1987, when Dale Earnhardt won The Winston with the inaccurately-named but infamous “Pass in the Grass.”At the time, he was worried NASCAR was mad at his dad and the drivers were upset with each other.“I was scared. I thought dad was in trouble and they were all fighting,” he said of the beating and banging and post-race scuffling between Earnhardt, Geoff Bodine and Bill Elliott.Now Junior recalls that race as one of the greatest things he’s ever seen. “Dad really brought his A game,” he said in Tuesday’s radio show.RELATED: Elliott will never forget Earnhardt’s moveOf his own experiences in NASCAR’s All-Star Race, Junior said 2000 and 2002 stand out.In 2000, he had a strong car, but it got stronger after hitting the wall. Something today the teams understand as skew and rear toe, then was mostly good luck.But the finish was all strategy. In the final 10-lap segment, Junior said crew chief Tony Eury Jr. used some qualifying strategy to run fast in the final 10-lap segment and win the big payday: putting a minimal amount of fuel in the car.“Tony Jr. doesn’t fill the car all the way up. … That put a lot of nose weight in the car, which is something you do in qualifying to really improve the stability and speed of the car. It’s something we had done a couple days before that in practice, but he didn’t tell me these things.“We go out there and haul tail,” Junior said. “I’m sure other teams were smart enough to do that, but that was one thing we would do to give our car an incredible amount of speed for a short time. We had a lighter car, sticker tires and a little more nose weight so we could haul butt.”A couple years later, Junior didn’t get the win, but he gave it his best — and worst. Known as a clean racer, Junior confessed to trying and failing to play rough against fellow young guy Ryan Newman in 2002.“I caught Newman on the last lap, hit him and he saved it,” Junior said, summing up the scenario. “It knocked him sideways, but I kinda lifted because I thought he was gonna wreck. It was the All-Star Race! If there’s one race where you can wreck a guy, this is it. It’s a lot of money, probably half a million at this time.“He saved it. No way he ever lifted. … We should have won that one, it was a fast car.”As for the 2017 race (8 p.m. ET Saturday, FS1, MRN, SiriusXM NASCAR Radio), Junior’s ready to go in the No. 88 Axalta Chevrolet — his last All-Star Race as a full-time Monster Energy NASCAR Cup Series driver.last_img read more

NOLA Supergroup Dragon Smoke Channels Stevie Wonder At Tipitina’s For Georgia Comes Alive [Watch]

first_imgOn Saturday, December 26th, 50+ artists and hundreds of thousands of viewers around the world came together for Georgia Comes Alive, a virtual music festival aimed at promoting voter participation in Georgia’s Senate runoff elections on January 5th, 2021, which saw a record-breaking voter turnout.As with all Comes Alive events, special collaborations were a highlight of the nine-hour livestream marathon, and perhaps none was more highly anticipated than Dragon Smoke, the supergroup born years ago out of the late-night “superjam” tradition in New Orleans during Jazz Fest. Guitarist/vocalist Eric Lindell is in high demand as a solo act and a hired gun, Ivan Neville leads his own renowned New Orleans act, Dumpstaphunk, and Stanton Moore and Robert Mercurio make up the rhythm section for yet another Big Easy funk staple, Galactic. It typically takes a special occasion—like late nights during Jazz Fest or the Jam Cruise Pool Deck—to pull this quartet together for a performance, and it never fails to produce remarkable results.Related: Ivan Neville Overcomes COVID-19, Pneumonia For Quarantine Comes Alive & Justice Comes Alive Sets [Videos]Appropriately, the band appeared for Georgia Comes Alive from the Galactic-owned Tipitina‘s in New Orleans for a moving rendition of the Stevie Wonder protest classic, “Big Brother”. With Professor Longhair‘s face peering down on them from the Tipitina’s wall, Neville led the quartet through a tasteful rendition of the Talking Book anthem, the lyrics “You say that you got me all in your notebook / Writing it down everyday / Your name is I’ll see ya, I’ll change if you vote me in as the pres / The President of your soul” ringing all the more true during this highly contentious election season that has largely played out over social media.Watch Dragon Smoke perform Stevie Wonder’s “Big Brother” at Tipitina’s for Georgia Comes Alive below and subscribe to the Live For Live Music YouTube channel for more Georgia Comes Alive videos:Dragon Smoke – “Big Brother” (Stevie Wonder) – Georgia Comes AliveNew Orleans music was well-represented at Georgia Comes Alive, as was Tipitina’s itself. In addition to Dragon Smoke, Galactic, Big Freedia, Tank and the Bangas, Samantha Fish, and more staged their Georgia Comes Alive videos at the famous uptown New Orleans club.Dragon Smoke joined 50+ other performers and speakers as part of Georgia Comes Alive, presented by Live For Live Music in partnership with voter registration nonprofit HeadCount. The marathon streaming event, powered by Nugs.TV and Plus 1, generated more than $170,000 in funds for grassroots voter organizations like CivicGeorgia and Georgia Coalition for the People’s Agenda that put in work on the ground to get Georgians out to the polls. For more information on Georgia Comes Alive, visit GeorgiaComesAlive.com.last_img read more

Null Winds Aerodefender aero fenders slice headwinds faster than aero wheels!

first_imgAero gains are the ultimate in getting more speed without cranking out more power. If you’ve already bought into the ‘Aero is everything’ mindset, perhaps it is time to look to Null Winds’ Aerodefender upper wheel fairings. Claiming to offer more speed in a headwind vs. aero carbon wheels (and more stability), the pointy carbon fiber wheel fairings have proven themselves in downhill coasting tests. And now you can pre-order a set over at Indiegogo…Null Winds Aerodefender carbon aero partial wheel fairingsOK, hold your judgement for just a minute, and let’s take a look at Null Winds’ claims and what they say is the science behind their Aerodefender.The basic concept is that the faster, forward spinning upper portion of a bike’s wheel & tire generates the most drag slowing the bike down. By encasing that section of the spinning wheel inside the Aerodefender partial upper wheel fairing, drag is reduced in primarily headwind conditions. And you go faster.To test out (and prove) their system, Null Winds paired two identical aero tri bikes in a roll down test into a moderate headwind, then repeated it switching riders. The result was that the Aerodefender-equipped bike was always faster, on average 7 seconds faster per kilometer!And now you can pre-order a set for your road or triathlon bike for a limited time through their Indiegogo crowdfunding campaign.Aerodefender partial upper wheel fairings Tech DetailsThe Aerodefender partial upper wheel fairing claim to reduce the effective wind speed that the spinning wheel is exposed to, thus reducing drag and making you faster. To do that the hand crafted carbon fairings use custom hidden internal mounting brackets that attach to you bike’s fork legs and chainstays with a mix of velcro, zip ties, and alloy hardware.The Aerodefender is available in versions for either rim brake or disc brake equipped bikes. The rim brake versions include cutouts for your brake calipers and are designed to use 23-28mm tires. The disc brake versions include more internal clearance up to 38mm tires, and can also be custom trimmed for rim brake bikes sporting larger tires.A two-piece, front & rear pair of carbon upper wheel fairings weighs approximately 700g and is available to Indiegogo supporters starting at $500 (or ~$310 for one wheel). A cheaper fiberglass version is also available starting at $360 and weighs approximately 1000g for the set.For now the Aerodefenders are made in the US. Null Wind has also partnered with popular West Coast triathlon shop Triathlon Lab who will stock the carbon Aerodefenders starting in early October, and will offer install services.The Indiegogo is a flexible crowdfunding campaign and runs for one month for pre-orders. Early backers will already get their wheel fairings as early as Oct 2018, with all backers of the campaign expected to have orders fulfilled by the end of Nov 2018.Now, go watch a ton of their expository videos on YouTube or Indiegogo, and discuss…NullWinds.comlast_img read more

Three Gophers win consolation draws in Philly

first_imgThree Gophers win consolation draws in PhillyJunior Danielle Mosseau beat the opponent that ended her season a year ago. Zach EisendrathSeptember 25, 2006Jump to CommentsShare on FacebookShare on TwitterShare via EmailPrintUsually the fall portion of the women’s tennis season has very little significance. But for Minnesota’s women’s tennis player Danielle Mousseau, her trip to Philadelphia was an important one.Mousseau used her draw at the Cissie Leary Invitational to release demons that have been haunting her for more than four months.Last spring at the Big Ten Championships in Champaign, Ill., Mousseau’s singles match against Penn State’s Katelyn BeVard turned out to be the decisive match in deciding if the Gophers or Nittany Lions would advance to the second round. With the point total tied at 3, BeVard upended Mousseau 6-4 in the third set to advance Penn State with a 4-3 victory.On Friday, the junior capitalized on her payback opportunity. Paired against BeVard in the first round of the main singles draw, Mousseau wasted little time, disposing of her Big Ten foe 6-2, 7-5.Mousseau added to her big weekend when she defeated the Nittany Lions’ No. 4 singles player from a season ago, Jenny Shular, in the consolation bracket.“It was nice to kind of have revenge,” Mousseau saidabout beating BeVard. “It was a big win for my confidence. I was really happy about it because I really wanted to beat her this year. It kind of happened a little earlier than I thought, but I’m happy about it.”Mousseau also had a big weekend in doubles action. Teamed with junior Mariana Spilca for the second-straight weekend, the tandem went 2-1.Even after choosing to mix up a majority of his doubles teams for the road trip, coach Tyler Thomson decided to keep the experienced duo together after they won their match at the Gopher Invitational last weekend.“We understand each other and are really used to playing with each other,” Mousseau said.After saying he was not totally satisfied in the Gophers’ doubles play last weekend, Thomson said seeing improvement was a main part of his agenda this weekend.Although not set in stone, Thomson said his new lineups made progress this weekend. Minnesota went 8-4 in doubles play. “I think there is some shifting still left to do,” Thomson said. “But I thought we played much better doubles this tournament. The second day we won all the doubles besides one. I’m still not sure we have our teams set, but as a whole we played better.”Headlining the doubles efforts was the new team of senior Lindsay Risebrough and junior Alex Seaton. In their first weekend together, Risebrough and Seaton posted a 3-1 mark on their way to winning the consolation doubles draw.After falling to Temple’s Radka Ferancova and Yuri Kurashima in the first round of the main draw, the Gophers’ tandem rallied off three straight wins in the back draw.Risebrough and Seaton downed the mixed-school team of Harvard’s Catriona Stewart and Penn’s Amanda Avedissian Stewart 8-5 in the consolation final.“We ended up getting our rhythm, learning how each other plays and started doing really well,” Risebrough said.Thomson said Risebrough and Seaton both have the athleticism and potential to be a great doubles team if they stick to the basics.“The thing they focused on was keeping things simple,” he said. “They both sometimes have a tendency to hit what we call Hollywood shots that aren’t really necessary. They did a nice job of keeping things simple and doing what was necessary and not any more than that.”Risebrough, who is in the second weekend of her comeback bid after sitting out all of last season because of a shoulder injury, said she gained confidence as the tournament progressed.“I think, for me, every match got better,” she said. “I was a little nervous my first match, but by the end of the tournament I was playing my best tennis.”Thomson said there were a lot of positives to take away from the Gophers first road trip of the young season.“It’s one of those fall tournaments where your goal just is to get a lot of match play in,” he said. “It was a positive because everybody came out of it in tact with their health and we got some real good matches and some good wins.”last_img read more

Gophers become aggressive on bases

first_img“Really, when the situation calls for it, we’ve got quite a bit of guys who can actually do it,” Schaefbauer said. Teammates cheered as Athmann got up and dusted himself off after stealing the second base of his career. “I’m not the fastest guy on the team for sure, and guys let me know that, [but I] definitely get pretty good jumps and have a sense [of] when to go,” Fiedler said. “But the coaches kind of let me turn it loose when I feel the situation’s right, and a bunch of other guys have that ability, too.” Now, Fiedler and many of the Gophers are putting that extra experience to good use. The coaching staff isn’t afraid to give players the green light to steal whenever they choose, and Fiedler and a few select other players on the team have that ability. “All year, if you look at our numbers, we’re trying to steal bases,” head coach John Anderson said. “We’re trying to put pressure on the defense. I think it’s part of who we are.” Through 24 games this season, the Gophers have made off with a total of 34 extra bases while being caught only 10 times. They’re only five steals away from matching last year’s season total. Another reason for the Gophers’ increased theft rate is that they’ve been getting on base at the right time to steal. Timely at-bats have given the team chances. “We have a little bit more team speed for sure, but I think we’ve been more aggressive in all phases of the game this year, on offense and on the bases,” Fiedler said. “Guys who had the ability to steal bases in years past maybe were a little more tentative, and this year we made it clear that it doesn’t matter if you get thrown out. We want you tokeep stealing, and it’s worked out in our favor for sure.” And in better situations, even guys like Athmann have been picking up steals.center_img Athmann and many of his teammates don’t exactly have blazing speed, but that hasn’t stopped the Gophers from becoming one of the most efficient base-running teams in the Big Ten.  But the difference isn’t as simple as the team adding more speed. “Austin would probably be [in] the competition for slowest guy on the team, so it was pretty cool to see him swipe a bag,” sophomore Matt Fiedler said. Anderson said the difference is also that players like Fiedler are gaining more experience and having a better idea of when they can be aggressive on the base paths. “We’ve got ourselves in the situations where we can run more,” junior Connor Schaefbauer said. “Like getting the leadoff guy on or getting on with less than two outs. We do have a lot of team speed, I think. We just had to get ourselves in position, and this year we’ve done a lot better at just swiping the bag.” Gophers become aggressive on basesAlex Tuthill-PreusGophers infielder Connor Schaefbauer Ben GotzApril 2, 2015Jump to CommentsShare on FacebookShare on TwitterShare via EmailPrintAs sophomore Austin Athmann dived into second base on Tuesday, an ovation erupted from the Gophers dugout. With a year of college baseball under his belt, Fiedler has a better understanding of how to read pitchers’ tendencies, their speed to the plate and their moves back to first.last_img read more

Indoor Shooting Range Joins New Tenants at Emerald Center

first_imgC2 Tactical Indoor Shooting Range has purchased a 17,219 SF retail showroom building at Emerald Design Center near Warner Road and Interstate 10 in Tempe for $1.125M.C2 purchased the property from Wells Fargo Bank. Construction will commence on a state-of-the-art, air conditioned 23-lane indoor shooting range, a 5,000 SF retail showroom, several training classrooms, corporate conference room, VIP area and a new training simulation room.The buyer, led by investor Boe Bergeson, was represented by Rick Robertson of Lee & Associates Arizona. The seller was represented by Jan Fincham, Pat Dempsey and Chris McClurg, also of Lee & Associates Arizona.Bergeson selected RJM Construction Company to do the tenant improvements and the new facility should be open in 1Q 2013.C2 Tactical Indoor Shooting Range is joining several other new tenants in the 162,000 SF retail condo project adjacent to the IKEA store. In August, Lee & Associates represented Wells Fargo in the sale of a 21,568 SF showroom space to Aveda Institute of Denver, which will be opening a retail showroom, training facility and salon in a $1.725M transaction. RJM Construction will serve as general contractor for this TI as well.Over the past year, five new tenants have leased approximately 40,000 SF of showroom space in the project that was constructed in 2007 by LGE Design Build.The tenants are, Diamondback Billiards, Mattress RX, La Casona Furniture, LMC Home Entertainment and Furniture Fun.last_img read more

Dishonesty Only Provides Short-Term Benefits

first_imgThe New York Times:Is honesty for suckers? If by “suckers” you mean people who care about others and the social good, then yes, it is. If by “suckers” you mean people who care about the long-term aspects of their business (see the drop in stock price of VW) then yes, it is. And if by “suckers” you mean people who care about the meaning of their brand (I own a VW Golf and I don’t think I will ever be able to look at it again in the same way) than yes again.Read the whole story: The New York Times More of our Members in the Media >last_img read more

Top performer sings: let’s go buy a site

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img