The Fascinating Journey of Natural Gas in the Dominican Republic!
Energas, in collaboration with AES Dominicana and its subsidiary Enadom, has announced a significant achievement poised to revolutionize the energy sector and strengthen the financial industry of the Dominican Republic...
In December 2023, Energy Central celebrated top contributors in the Energy & Sustainability Network at the 'Top Voices' event. Winners were featured in 6 articles, demonstrating community recognition. The platform enables professionals to share their work, interact with colleagues, and collaborate with influencers. Congratulations to the 2023 Top Voices: David Hunt, Germán Toro Ghio, Schalk Cloete, and Dan Yurman for demonstrating their expertise. - Matt Chester, Energy Central
Keep in mind…
The addition of a second tank, boasting a storage capacity of 120,000 cubic meters, is set to bolster the Dominican Republic's natural gas supply by roughly 1,000 megawatts. Image credit goes to Enandom.
When the Russian invasion of Ukraine commenced in February 2022, (1) Europe had an unbelievable—modest— fleet of liquefied natural gas (LNG) regasification facilities, with a total capacity of approximately 160 billion cubic meters (bcm) per year. It is true that at that time, Europe's LNG infrastructure was somewhat constrained.
Following the supply crisis, the demand for natural gas in the European Union—a major force in the global energy market with a strong reliance on natural gas, constituting about 25% of its energy mix—has soared. In 2021, the EU's natural gas demand jumped to 412 billion cubic meters, marking a 4% increase from the previous year. Although pipeline gas remains predominant in imports, liquefied natural gas (LNG) is on the rise, securing 24% of the market share by 2024. Currently, 11 EU Member States have embraced LNG, with a total annual regasification capacity of 160 billion cubic meters. In response to the Ukraine crisis, Europe has accelerated over 20 natural gas projects to reduce its reliance on Russian gas. Germany is notably proactive, constructing LNG import terminals, and other countries are also considering LNG as a vital part of their strategies to become independent from Russian gas.
(1) https://www.eia.gov/todayinenergy/detail.php?id=54780
Andrés Gluski, President and CEO of The AES Corporation, expressed his views, stating, "I feel very confident in saying that we need natural gas for the next 20 years." He continued, "What we can begin to do today is start to blend it with green hydrogen."
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AES Andrés' liquefied natural gas regasification plan, image provided by AES Dominicana.
The Incredible Adventure of Natural Gas in the Dominican Republic!
Enadom has unveiled a groundbreaking milestone that promises to transform the energy landscape and boost the financial realm of the Dominican Republic.
Yesterday, Energas announced a significant development in the Dominican Republic's energy and financial sectors. We successfully completed a USD 300 million bond issuance through our joint venture, ENADOM, in collaboration with AES Dominicana. This achievement, approved by the Superintendencia del Mercado de Valores, comes with a DOAA rating and assets supporting 800 MW of natural gas. The investment's substantial impact on the Dominican Republic's energy and financial markets is clear. The proceeds from this bond issuance will be instrumental in financing essential expansions, a crucial step towards ensuring a cleaner and more competitive energy supply for the future.
The company's rebranding as Energas is not just a name change. It's a significant development that underscores our unwavering commitment to the energy sector and clear vision for a sustainable and efficient future.
This achievement signifies progress towards a more sustainable future and offers substantial financial advantages. We project savings exceeding one billion dollars over the next decade from eliminating costly oil derivatives from the national energy system.
“Our efforts have substantially reduced carbon dioxide emissions, with a decrease of 460,000 metric tons annually. This decrease translates to a significant reduction in our ecological footprint, a fact that we can all take pride in and advocate for, as stated by Mr. Rolando González Bunster, President of the Board of Directors of Energas…
Mr. Rolando González Bunster, President of the Board of Directors of Energas...
Mr. González Bunster has reaffirmed our commitment to sustainable energy by announcing plans to construct a fourth-generation unit will enhance our energy supply. This commitment drives us to continually seek new investment opportunities that contribute to developing our markets, aligning with our vision to produce reliable, affordable, and progressively cleaner energy.
While this historical resonance might seem like a routine business affair, it signifies a profound transformation across various dimensions.
Natural gas is a fuel that sparks passionate advocacy and heated discussions in today's world, and unfortunately is a to engine conflicts for its massive demand while also being seen as a crucial player in the transition to a more sustainable energy future over the coming decades. To transform the gas into a liquid, it must undergo a chilling metamorphosis, cooled to a bone-numbing 160°C, making transportation possible.
Well, the introduction of natural gas into the Dominican Republic began over twenty years ago with the efforts of AES Dominicana took a significant step by entrusting CB&I with a comprehensive, fixed-price contract for the LNG import terminal’s engineering, procurement, and construction. The ambitious project featured a colossal 160,000 m3 LNG storage tank and three high capacity unloading arms, each capable of swiftly offloading LNG vessels at an impressive rate of 10,000 m3 per hour. The terminal plays a crucial role in delivering natural gas to a variety of customers in the industrial, transportation, and power sectors, including the nearby AES Andres power station and the DPP Los Mina power station, which is operated by Dominican Power Partners and located just 34 km to the west.
Yes, twenty years ago…
The Dominican Republic stands as a shining example on the global stage for its integration of natural gas into the electricity sector.
Why?
The onset of the Russian invasion of Ukraine in February 2022 caught Europe with a relatively small number of liquefied natural gas (LNG) regasification facilities, with a total capacity of approximately 160 billion cubic meters per year. It is well acknowledged that at that time, Europe's LNG infrastructure was not as developed. Looking back over the two decades since the creation of the AES Andrés LNG terminal and regasification projects in the Dominican Republic, it prompts reflection on the type of foresight and innovation that will define the energy sector's future in a constantly changing world.
A glimpse into the future of the nation...
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Often, our memory is short...
Image…
“Imagine a world where the skies gift us with electrical rainfall, a phenomenon where energy cascades from the heavens, promising to power our dreams and innovations. This is not just a flight of fancy, but a vision of a future where renewable energy is as natural and abundant as the rain that nourishes our earth. In this blog entry, we'll explore the exciting possibilities of harnessing the power of electrical storms, turning the might of nature into a sustainable source that could light up our cities and homes, and spark a revolution in how we think about and use energy. Join us on this electrifying journey as we delve into the potential of electrical rainfall and its role in powering a brighter, cleaner future. Imagine if we could store all this wonderful energy...
“Ojalá Que Llueva Café” the song by Dominican songwriter Juan Luis Guerra is about the desire for a better life in the countryside. The song focuses on the metaphor of rain, specifically the rain of coffee, which alleviates the drought and hardships of rural life and provides abundant food and joy. Guerra’s lyrics depict a heavenly landscape of clouds seeding the fields with coffee and other crops such as cassava, tea, white cheese, watercress, honey, wheat, and a variety of trees. It describes people reaping the land’s bounty, celebrating, and singing together. The song is an ode to the impoverished rural areas of the Caribbean, where most of Guerra’s music is rooted, and an anthem of hope for a better life. Besides, access to electricity is vital. Indeed, electricity is no longer a luxury; rather, it’s a fundamental right. It powers our homes, fuels progress, and connects us globally. Just as coffee rain provides sustenance, electricity brings light, warmth, and opportunity. It’s a lifeline for rural communities, bridging gaps and enabling growth.
Energas and AES Join Forces to Kick the Dominican Republic's Oil Habit
The Power of Partnership is on a quest to forge a greener future in the Dominican Republic. United by the common goal of transforming the country's energy matrix, they strive to integrate sustainable practices into the power grid's very core, reinforcing its strength and resilience. The Dominican Republic's long-standing reliance on oil is being challenged by these dedicated energy partners. Together, they rally behind Energía Natural Dominicana (EnaDom) to spearhead an energy revolution with natural gas, heralding an era that promises sustainability, reliability, and affordability.
Energas has established itself as a pivotal force in the Dominican Republic's energy sector, managing the 300 MW capacity of the San Pedro de Macoris Electricity Company (CESPM) located in the country's eastern region. As a reliable source of energy for years, Energas has illuminated countless lives while fostering community development via economic and social programs. Looking to the future, Energas is poised to embark on the next chapter of its sustainable energy narrative by converting its CESPM facility from diesel to natural gas-powered generation.
The partnership between Energas and AES is driven by a mutual commitment to guide the Dominican Republic towards a sustainable future, transitioning from traditional energy sources to natural gas. Energas is a key player in the country's power generation sector and is keen to adopt sustainable methods that will propel the nation's energy shift. AES Dominicana has been pivotal in introducing natural gas to the area, saving consumers over half a billion dollars and reducing CO2 emissions by four million tonnes each year.