Transformers for Oil & Gas
NATURAL GAS: THE FACTS
Where is it found?
Natural gas is found in rock formations, sometimes on its own and
sometimes alongside oil. Some deposits are relatively easy to extract, while others are trapped kilometers beneath the Earth’s surface.
How is natural gas produced?
Gas-to-liquid (GTL) technology converts natural gas into high-quality liquid products that would otherwise be made from crude oil. These products include transportation fuels, motor oils, and the ingredients for everyday necessities like plastics, detergents, and cosmetics.
Why can’t we replace natural gas with renewables?
PRODUCT RANGE
Up to 500 MVA 525 kV
WHAT WE OFFER
TRANSFORMER USE AT LNG FACILITIES
What Virginia Transformer Does
Virginia Transformer’s Contribution to the LNG Market
Virginia Transformer is a major contributor to the oil and gas sector, supplying reliable, high-quality energy solutions to LNG projects across North America. We offer transformers from 500 kVA to 500 MVA, 230 kV class, with proven expertise in powering LNG plants, pumping stations, compression substations, and more. Our track record includes significant contributions to completed LNG projects such as the Sabine Pass and Corpus Christi terminals, as well as ongoing ventures such as the Driftwood and Rio Grande LNG projects.
LNG Market & Outlook
The global LNG market is expected to be tight from 2022-2026,
as Europe’s quest to reduce its dependency on Russian gas
increases demand for LNG. This will curb gas demand growth in
China and emerging Asia, as the European market outbids these
buyers for the limited amount of flexible LNG supply. To attract
the LNG needed to replace Russian pipeline gas to Europe, BNEF
expects US LNG netbacks for European TTF prices to be higher
than Asia’s benchmark JKM for the forecast period of 2022-2026.
With tight supply anticipated in the coming five years, prices
are expected to remain at elevated levels compared to historical
averages from 2017-2019, before COVID-19. The ramp-up of new
supply projects, especially in the US, is forecast to raise global
supply to 460 million tons, up 19% from 2021. LNG demand
growth is likely to be constrained by supply between 2021 and 2026, with 18% growth estimated, although Europe is expected to see imports spike during the period.
With six manufacturing plants in North America,
Virginia-Georgia Transformer is the largest US-owned
manufacturer of power transformers, and offers the
broadest product range.