HCBBS Forum (English)
Submit Chemical Projects / Find Solutions
Amplify Your Requirements on a Broader Chemical Platform *Engineering · Technology · Equipment · Solutions*
Submit Request

Differential pressure transmitter manufacturers: LNG, from \"alternative\" to the king of commodities

2019-11-28View Original

Thread Content

Before China’s rise, commodities were rarely associated with explosive consumer growth. However, as China’s economic growth slows down, the era of explosive demand for goods is also gradually coming to an end. But one commodity is an exception, and that is LNG. In fact, the LNG market has been sluggish for some time now. Between 2011 and 2016, global LNG consumption increased by only 17 million tons. However, in 2017 and 2018, demand surged by 63 million tons. In 2018, the global LNG market size reached 320 million tons. Justin Leverenz predicts that the LNG market size will double over the next decade, based on the level in 2018. http://www.xahuaheng.cn/uploadfile/20191128_073842360.jpg Both the demand and supply sides in the LNG market are undergoing changes. Taking factors such as price affordability into account, the overall demand in China’s natural gas market during the heating season in 2019 is estimated to be between 145 billion cubic meters and 150 billion cubic meters, representing an increase of about 5% to 8% compared to the actual consumption during the heating season in 2018. The peak monthly demand is around 33 billion cubic meters, representing a 10% increase compared to the actual consumption level in the same period last year. On the demand side, China and other Asian countries are all trying to adjust their energy structures in search of clean energy that is safe and reasonably priced. Natural gas has also always been considered an alternative energy source. However, the substitution of natural gas for traditional heavily polluting energy sources such as coal and crude oil is limited to countries with abundant reserves like Russia and the United States, or developed countries such as Europe and Japan. In 2018, China’s natural gas imports surpassed those of Japan, making it the world’s largest importer of natural gas. LNG has gone from being a “substitute” to a “necessity”. In the future, the largest consumers of LNG will no longer be Japan, but China and other non-Japanese Asian countries, such as India. On the supply side, there are also some changes taking place. In 2016, Qatar accounted for one-third of the world’s natural gas supply. It is expected that by 2020, Australia will replace Qatar as the supplier of natural gas. Three years ago, the United States was not a player in the LNG market, but by 2020, U.S. LNG production was expected to account for one-sixth of the global total. Finally, there is Russia, which is expected to account for at least one-tenth of the global G market share in the next decade, and has great potential to become the next Qatar. None of these are the most important things; what matters is that the LNG market is expected to become tight starting in 2020, and the next decade will see a situation where demand exceeds supply. Because during the sharp drop in oil prices from 2014 to 2016, energy companies underinvested in liquefied natural gas. These energy companies lack a sufficient number of viable projects. CNOOC plans to supply 51.6 billion cubic meters of natural gas, an increase of 1.1 billion cubic meters compared to the previous year ; During the heating season from 2019 to 2020, CNOOC planned to supply 24.5 billion cubic meters of natural gas. During the heating season from 2019 to 2020, the capacity to supply gas from southern Guangdong to northern areas was 45 million cubic meters per day, an increase of 15 million cubic meters per day compared to the previous heating season ; In the North China region, CNOOC’s Tianjin LNG facility has a maximum gasification and transmission capacity of 24 million cubic meters per day, which remains unchanged from the previous heating season. Transmitter manufacturers are those that monitor, display, record, or control process parameters during industrial production. Monitoring the industrial production process is a fundamental means of understanding and controlling it. Only by being able to accurately understand the overall situation of the process at all times and exercise control over it can production proceed smoothly, allowing for the manufacture of high-quality products with high productivity and low consumption. Huaheng Transmitter Manufacturer has developed two core technologies: sensors and intelligent circuit boards. This enables full control over the core components of all its products, and the accuracy of its industrial automatic transmitters continues to improve, rising from 0.2 grade to 0.1 grade. Other products for measuring flow rate and temperature can also be developed by extending the core technologies already in use. Leveraging its core technologies in sensors and smart circuit boards, Huaheng Transmitter Manufacturer is able to modify these core technologies at low cost to meet customer requirements, thereby enabling the creation of customized products. The main products include the SMART series of pressure transmitters, multi-parameter transmitters, flow meters, temperature sensors, and level sensors. As a manufacturer of level transmitters, it supplies industrial automatic transmitters with a high performance-to-price ratio for industries such as electricity, petroleum, chemicals, metallurgy, cement, and mining in China.

Submit a Project

**Looking for Chemical Technology, Equipment & Solutions?** No Registration Required Broader Platform Exposure | Global Chemical Service Provider Connections

Submit Request — Free Consultation

Disclaimer

This is an automated machine translation of the original thread. Some technical terms may have inaccuracies; the original text shall prevail. Click "View Original" at the top right to access the source page, which supports IP-based automatic real-time language translation. Please watch out for contact details and sales inducements to prevent fraud. All content and translations are for reference only, representing solely the poster's personal views. For enquiries, email service@hcbbs.com.