Nurliza Ibrahim

Marketing Specialist at NrgEdge
Last Updated: July 17, 2017
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Press Release
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[Borneo Bulletin, reporting by Hakim Hayat on July 11, 2017]

POLITEKNIK Brunei marked another milestone when it forged its first international partnership with Singa­porean oil and gas industry training provider PetroEDGE to provide internship, career and networking opportunities for Politeknik Brunei’s students and lecturers.

The Memorandum of Understanding (MoU) was signed between Politeknik Brunei and Singapore’s Asia Edge Pte Ltd, the holding company of PetroEDGE and also NrgEdge Pte Ltd, a professional networking platform for the energy industry, at a ceremony held at Politektnik Brunei in Jalan Ong Sum Ping in the capital yesterday.

The guest of honour was Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Awang Haji Suyoi bin Haji Osman, the Minister of Education.

The MoU was aimed at establishing a formal collaboration and cooperation for training opportunities and access to the online platform created by Asia Edge Pte Ltd and NrgEdge Pte Ltd for the mutual benefit in training students. The collaboration hopes to provide worldwide internship opportunities for Politeknik Brunei students to apply and also to encourage career and growth opportunities outside Brunei.

This collaboration will allow Politeknik Brunei students and lecturers to network with various worldwide recognised industries in seeking jobs as well as participating in online forums and discussions, looking into digital technical learning through the company’s dedicated learning platform at www.nrgedge.net/learning.

Politeknik Brunei Director, Denis Ho Mun Tai in his speech said the realisation of the collaboration reflects their commitment towards continuously improving the relevancy and effectiveness of the teaching and learning provided to the students.

“The blended platform provided by PetroEDGE and NrgEdge blends well with the innovative teaching and learning process desired by Politeknik Brunei which is aimed at promoting the continuous use of technology in teaching and learning via eLearning and Virtual Reality platforms,” he added.

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Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Awang Haji Suyoi bin Haji Osman, the Minister of Education (C) witnessing the signing of the MoU between Politeknik Brunei represented by its Director, Denis Ho Mun Tai and Anas Asalem, Growth and Partnership Specialist of NrgEdge Pte Ltd, Singapore. – 


In further establishing this collaboration and cooperation, two students from Politeknik Brunei’s Diploma in Petroleum Engineering programme were elected as NrgEdge student ambassadors and they will act as point of contacts between students and NrgEdge.

Asia Edge Pte Ltd envisions blended learning by having both traditional and digital learning onboard and currently has about 50,000 user activity in its network, which is available on mobile applications and through its dedicated website.

NrgEdge in a press release expressed hope that with their presence in Politeknik Brunei, students can explore the energy world beyond this region as NrgEdge cares about their network, career and journey through the path of the energy industry.

NrgEdge added that the ambassador aims to encourage students to volunteer and learn networking skills while being a student. Their role will be as a campus influencer for NrgEdge and also channelling information about the energy industry to their friends. With the fluctuating phenomenon of the industry, NrgEdge Ambassador Programme promotes soft skills development where student will benefit from their on­site volunteering opportunities at NrgEdge booth, networking events, speaking engagements session and also premium career coaching for their future undertakings with their internal talent advisor faculty.

Signing on behalf of Politeknik Brunei was its Director while Asia Edge Pte Ltd and NrgEdge Pte Ltd, Singapore was represented by its Director, Malina Raman. Witnessing the signing were Alias bin Haji Abu Bakar, Acting Assistant Director of Politeknik Brunei and Anas Asalem, Growth and Partnership Specialist of NrgEdge Pte Ltd, Singapore.

Also present during the signing ceremony was Pengiran Dato Paduka Haji Bahrom bin Pengiran Haji Bahar, Deputy Minister of Education as well as other senior officials from the Ministry of Education.


[This article was first published on Borneo Bulletin on July 11, 2017]


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In 2018, the United States consumed more energy than ever before

U.S. total energy consumption

Source: U.S. Energy Information Administration, Monthly Energy Review

Primary energy consumption in the United States reached a record high of 101.3 quadrillion British thermal units (Btu) in 2018, up 4% from 2017 and 0.3% above the previous record set in 2007. The increase in 2018 was the largest increase in energy consumption, in both absolute and percentage terms, since 2010.

Consumption of fossil fuels—petroleum, natural gas, and coal—grew by 4% in 2018 and accounted for 80% of U.S. total energy consumption. Natural gas consumption reached a record high, rising by 10% from 2017. This increase in natural gas, along with relatively smaller increases in the consumption of petroleum fuels, renewable energy, and nuclear electric power, more than offset a 4% decline in coal consumption.

U.S. total energy consumption

Source: U.S. Energy Information Administration, Monthly Energy Review

Petroleum consumption in the United States increased to 20.5 million barrels per day (b/d), or 37 quadrillion Btu in 2018, up nearly 500,000 b/d from 2017 and the highest level since 2007. Growth was driven primarily by increased use in the industrial sector, which grew by about 200,000 b/d in 2018. The transportation sector grew by about 140,000 b/d in 2018 as a result of increased demand for fuels such as petroleum diesel and jet fuel.

Natural gas consumption in the United States reached a record high 83.1 billion cubic feet/day (Bcf/d), the equivalent of 31 quadrillion Btu, in 2018. Natural gas use rose across all sectors in 2018, primarily driven by weather-related factors that increased demand for space heating during the winter and for air conditioning during the summer. As more natural gas-fired power plants came online and existing natural gas-fired power plants were used more often, natural gas consumption in the electric power sector increased 15% from 2017 levels to 29.1 Bcf/d. Natural gas consumption also grew in the residential, commercial, and industrial sectors in 2018, increasing 13%, 10%, and 4% compared with 2017 levels, respectively.

Coal consumption in the United States fell to 688 million short tons (13 quadrillion Btu) in 2018, the fifth consecutive year of decline. Almost all of the reduction came from the electric power sector, which fell 4% from 2017 levels. Coal-fired power plants continued to be displaced by newer, more efficient natural gas and renewable power generation sources. In 2018, 12.9 gigawatts (GW) of coal-fired capacity were retired, while 14.6 GW of net natural gas-fired capacity were added.

U.S. fossil fuel energy consumption by sector

Source: U.S. Energy Information Administration, Monthly Energy Review

Renewable energy consumption in the United States reached a record high 11.5 quadrillion Btu in 2018, rising 3% from 2017, largely driven by the addition of new wind and solar power plants. Wind electricity consumption increased by 8% while solar consumption rose 22%. Biomass consumption, primarily in the form of transportation fuels such as fuel ethanol and biodiesel, accounted for 45% of all renewable consumption in 2018, up 1% from 2017 levels. Increases in wind, solar, and biomass consumption were partially offset by a 3% decrease in hydroelectricity consumption.

U.S. energy consumption of selected fuels

Source: U.S. Energy Information Administration, Monthly Energy Review

Nuclear consumption in the United States increased less than 1% compared with 2017 levels but still set a record for electricity generation in 2018. The number of total operable nuclear generating units decreased to 98 in September 2018 when the Oyster Creek Nuclear Generating Station in New Jersey was retired. Annual average nuclear capacity factors, which reflect the use of power plants, were slightly higher at 92.6% in 2018 compared with 92.2% in 2017.

More information about total energy consumption, production, trade, and emissions is available in EIA’s Monthly Energy Review.

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A New Frontier for LNG Pricing and Contracts

How’s this for a first? As the world’s demand for LNG continues to grow, the world’s largest LNG supplier (Shell) has inked an innovative new deal with one of the world’s largest LNG buyers (Tokyo Gas), including a coal pricing formula link for the first time in a large-scale LNG contract. It’s a notable change in an industry that has long depended on pricing gas off crude, but could this be a sign of new things to come?

Both parties have named the deal an ‘innovative solution’, with Tokyo Gas hailing it as a ‘further diversification of price indexation’ and Shell calling it a ‘tailored solutions including flexible contract terms under a variety of pricing indices.’ Beneath the rhetoric, the actual nuts and bolts is slightly more mundane. The pricing formula link to coal indexation will only be used for part of the supply, with the remainder priced off the conventional oil & gas-linked indexation ie. Brent and Henry Hub pricing. This makes sense, since Tokyo Gas will be sourcing LNG from Shell’s global portfolio – which includes upcoming projects in Canada and the US Gulf Coast. Neither party provided the split of volumes under each pricing method, meaning that the coal-linked portion could be small, acting as a hedge.

However, it is likely that the push for this came from Tokyo Gas. As one of the world’s largest LNG buyers, Tokyo Gas has been at the forefront of redefining the strict traditions of LNG contracts. Reading between the lines, this deal most likely does not include any destination restriction clauses, a change that Tokyo Gas has been particularly pushing for. With the trajectory for Brent crude prices uncertain – owing to a difficult-to-predict balance between OPEC+ and US shale – creating a third link in the pricing formula might be a good move. Particularly since in Japan, LNG faces off directly with coal in power generation. With the general retreat from nuclear power in the country, the coal-LNG battle will intensify.

What does this mean for the rest of the industry? Could coal-linked contracts become the norm? The industry has been discussing new innovations in LNG contracts at the recent LNG2019 conference in Shanghai, while the influx of new American LNG players hungry to seal deals has unleashed a new sense of flexibility. But will there be takers?

I am not a pricing expert but the answer is maybe. While Tokyo Gas predominantly uses natural gas as its power generation fuel (hence the name), it is competing with other players using cheaper coal-based generation. So in Japan, LNG and coal are direct competitors. This is also true in South Korea and much of Southeast Asia. In the two rising Asian LNG powerhouses, however, the situation is different. In China – on track to become the world’s largest LNG buyer in the next two decades – LNG is rarely used in power generation, consumed instead by residential heating. In India – where LNG imports are also rising sharply – LNG is primarily aimed at petrochemicals and fertiliser. LNG based power generation in China and India could see a surge, of course, but that will take plenty of infrastructure, and time, to build. It is far more likely that their contracts will be based off existing LNG or natural gas benchmarks, several of which are being developed in Asia alone.

If it takes off  the coal-link LNG formula is likely to remain a Asian-based development. But with the huge volumes demanded by countries in this region, that’s still a very big niche. Enough perhaps for the innovation to slowly gain traction elsewhere, next stop -  Europe?

The Shell-Tokyo Gas Deal:

Contract – April 2020-March 2030 (10 Years)

Volume – 500,000 metric tons per year

Source – Shell global portfolio

Pricing – Formula based on coal and oil & gas-linked indexes

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