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Strategic Natural Gas Reserve
A Strategic natural gas reserve is a government funded natural gas storage facility that holds long term stock piles of natural gas as compressed natural gas or liquefied natural gas in case of an emergency. After the 2021–2023 global energy crisis, there has been several countries in East Asia and India that have signaled a commitment to building national strategic natural gas reserves such as Japan, Taiwan, South Korea, and China. East Asia East Asia natural gas commodities tracker is the PLATTS index, and reached as high as $70 per million British thermal units in 2022 during the Russian invasion of Ukraine during the Second Cold War. Taiwan State owned energy firm CPC Corp holds about 11 days worth of natural gas usage in stockpile and is going to increase it to 14 days. Japan Japan is the world's largest importer of LNG and plans to work with the International Energy Agency to help establish and coordinate a strategic natural gas reserve. South Korea South Korea i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas Storage
Natural gas is a commodity that can be stored for an indefinite period of time in natural gas storage facilities for later consumption. Usage Gas storage is principally used to meet load variations. Gas is injected into storage during periods of low demand and withdrawn from storage during periods of peak demand. It is also used for a variety of secondary purposes, including: *Balancing the flow in pipeline transport, pipeline systems. This is performed by mainline transmission pipeline companies to maintain operational integrity of the pipelines, by ensuring that the pipeline pressures are kept within design parameters. *Maintaining contractual balance. Shippers use stored gas to maintain the volume they deliver to the pipeline system and the volume they withdraw. Without access to such storage facilities, any imbalance situation would result in a hefty penalty. *Leveling production over periods of fluctuating demand. Producers use storage to store any gas that is not immediate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CPC Corporation
The CPC Corporation () is a state-owned petroleum, natural gas, and gasoline company in Taiwan and is the core of the Taiwanese petrochemicals industry. History Early history CPC was founded on 1 June 1946 in Shanghai as Chinese Petroleum Corporation (中國石油) by the government of the Republic of China (ROC, then on Mainland China). With the Kuomintang's retreat to Taiwan after the Chinese Civil War, CPC was transferred from the Council of Resources to the Ministry of Economic Affairs. The company merged all relevant facilities and companies (Japanese 6th Naval Fuel Depot, Teikoku Oil, Nippon Oil, etc.) in Taiwan. Its main businesses include surveying, extracting, refining, transporting, and selling petroleum. It also produces various chemicals and has retail outlets all over Taiwan. CPC's fixing of petrol prices helped Taiwan through the 1970s Energy Crisis. Democratization and modern history Taiwan's petroleum industry was a CPC monopoly prior to June 1996. However, der ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Green Energy
Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs." Definitions of sustainable energy usually look at its effects on the environment, the economy, and society. These impacts range from greenhouse gas emissions and air pollution to energy poverty and toxic waste. Renewable energy sources such as wind, hydro, solar, and geothermal energy can cause environmental damage but are generally far more sustainable than fossil fuel sources. The role of non-renewable energy sources in sustainable energy is controversial. Nuclear power does not produce carbon pollution or air pollution, but has drawbacks that include radioactive waste, the risk of nuclear proliferation, and the risk of accidents. Switching from coal to natural gas has environmental benefits, including a lower climate impact, but may lead to a delay in switching to more sustainable options. Carbon capture and storage can be built ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
