--- 27th WGC: Spotlight Shines on Growing U.S. Production in A Global Market ---


The triennial 27th World Gas Conference (WGC), which got underway June 25 in Washington, DC, had an estimated 12,000 attendees, more than 600 presenters and 350 exhibitors. Presenters included a cast of international CEOs and executives and featured U.S. Energy Secretary Rick Perry as well as international policymakers and exhibitors from more than 40 countries. The exhibit space offered pavilions featuring sustainable energy, robotics, automation and gas-for-transportation.

Natural Gas Intelligence (NGI), a leading provider of natural gas price indexes and news to the energy industry since 1981, hosted a popular "World Cup 2018" themed booth at the conference and also reported on the numerous panels with its veteran team of Energy Thought Leaders. Please enjoy this wrap-up of our extensive coverage of the show.

JUMP TO NGI COVERAGE ON: JUNE 25TH | JUNE 26TH | JUNE 27TH | JUNE 28TH | JUNE 29TH

June 29th, 2018
LNG Buyers Not Homogeneous, but Shorter, Flexible Contracts a Draw | Carolyn Davis


Liquefied natural gas exporters have a smorgasbord of options to offer buyers as the global market expands, but one thing is clear: it’s no longer only for long-term buyers. During a lively discussion Thursday at the World Gas Conference (WGC) in Washington, DC, some of the top global gas sellers and buyers shared their wisdom about what’s ahead for the evolving marketplace. Read More




LNG Ready to Break Free from Crude Oil Linkage, Execs Say | Jeremiah Shelor
The energy industry has to counter the view that renewables are the only way to reduce carbon emissions and instead make the case for natural gas to remove any doubts about its long-term benefits, a group of the leading global CEOs said Tuesday. During a panel discussion at the World Gas Conference (WGC) in Washington, DC, BP plc CEO Bob Dudley shared an afternoon plenary with Qatar Petroleum CEO Saad Sherida Al-Kaabi, Total SA CEO Patrick Pouyanne, ConocoPhillips CEO Ryan Lance and Equinor ASA’s Tor Martin Anfinnsen, executive vice president of marketing, midstream and processing. Read More

Developing Asian LNG Benchmark No Simple Task, Say Panelists | Jeremiah Shelor

Even as a majority of global liquefied natural gas (LNG) demand is focused in Asia, developing a transparent price index -- or multiple indexes -- to reflect the region’s supply and demand dynamics remains a significant challenge, according to a group of panelists at last month’s 2018 World Gas Conference in Washington, DC. There are “a lot of barriers” that make determining a regional gas price for Asia difficult, according to Osaka Gas Senior Analyst Chikako Ishiguro. Read More




June 28th, 2018
Replication of U.S. Shale Revolution in Other Countries No Easy Feat | David Bradley
The shale gale has been the driving force enabling the United States to shift from being dependent on foreign energy to becoming a net natural gas exporter, but don't expect similar transformations in most other shale-rich countries any time soon, a group of officials from international companies said Wednesday. In 2005, domestic natural gas production was 47 Bcf/d; this year it will be an estimated 81.2 Bcf/d, and the United States is a net exporter of natural gas. Shale gas makes up 60% of current U.S. production, said Philippe Chariez, senior technical advisor for Total SA, during a panel discussion at the World Gas Conference (WGC) in Washington, DC. Read More


LNG Project Development Catching ‘Second Wave’ in U.S., Around the World | Carolyn Davis
The global liquefied natural gas (LNG) trade is rippling toward the second wave of investment, as more countries open their doors to industrial expansion and consumer needs, some of the top gas executives said Wednesday. During a morning panel at the World Gas Conference (WGC) in Washington, DC, Baker Botts LLP’s Steven Miles, who heads the Houston-based LNG practice, moderated a high powered panel of executives who discussed the opportunities and the challenges ahead for North American projects and those overseas. Read More

Global Natural Gas Prices Converged More in 2017 as Use of LNG Spot Prices Increased | Carolyn Davis
The shale gale has been the driving force enabling the United States to shift from being dependent on foreign energy to becoming a net natural gas exporter, but don't expect similar transformations in most other shale-rich countries any time soon, a group of officials from international companies said Wednesday. In 2005, domestic natural gas production was 47 Bcf/d; this year it will be an estimated 81.2 Bcf/d, and the United States is a net exporter of natural gas. Shale gas makes up 60% of current U.S. production, said Philippe Chariez, senior technical advisor for Total SA, during a panel discussion at the World Gas Conference (WGC) in Washington, DC. Read More




June 27th, 2018
Polish Oil Secures LNG Export Agreements with Venture, Sempra for Gulf Coast Projects | Carolyn Davis


One of Central Europe’s leading utilities, Polish Oil & Gas Co. (PGNiG), on Tuesday agreed to take natural gas exports over 20 years from two separate proposed projects that would be sited in Louisiana and Texas. PGNiG secured one contract to buy 2 million metric tons/year (mmty) of liquefied natural gas (LNG) from Venture Global LNG’s two planned Louisiana projects -- Calcasieu Pass, set to ramp up in 2022, and Plaquemines LNG, set for 2023 start up. Read More



Natural Gas a Destination Fuel, Not Just Bridge to Renewables, Say Energy Chiefs | Carolyn Davis
The energy industry has to counter the view that renewables are the only way to reduce carbon emissions and instead make the case for natural gas to remove any doubts about its long-term benefits, a group of the leading global CEOs said Tuesday. During a panel discussion at the World Gas Conference (WGC) in Washington, DC, BP plc CEO Bob Dudley shared an afternoon plenary with Qatar Petroleum CEO Saad Sherida Al-Kaabi, Total SA CEO Patrick Pouyanne, ConocoPhillips CEO Ryan Lance and Equinor ASA’s Tor Martin Anfinnsen, executive vice president of marketing, midstream and processing. Read More

June 26th, 2018
DNV GL Study Finds Natural Gas Headed for Global Dominance | Richard Nemec
In a global energy market now dominated by the transition to lower-carbon fuels, natural gas is on track to supplant oil as the leading energy source worldwide by the mid-2030s, according to a study released Tuesday by DNV GL at the World Gas Conference (WGC) in Washington, DC. The "Transition in Motion" report outlines key findings from the Norway-based company's 2018 Oil and Gas Industry Outlook research and 2017 Energy Transition Outlook. It incorporates the view of 813 senior industry professionals surveyed in October and November 2017. The report shows a growing recognition and preparation for the ongoing transition among many major global oil and gas companies. Read More

Perry Helps Kick Off First World Gas Conference in U.S. Since 1988 | Charlie Passut
Department of Energy Secretary Rick Perry helped get the World Gas Conference (WGC) off to a rousing start on Tuesday, lauding technological innovation in the energy sector that would have been unheard of 30 years ago, the last time the conference was held in the United States. Speaking between performances by the Blue Devils Drum and Bugle Corps and the Harlem Globetrotters, Perry said the Trump administration has been equally innovative in its first 18 months in office by embracing an all-of-the-above energy strategy. Read More


ExxonMobil, Chevron CEOs Lament Trump Tariffs, See Potential ‘Drag on Growth’ | Carolyn Davis
The chief executives of the largest U.S. oil and gas businesses in the country on Tuesday said the Trump administration’s decision to impose tariffs may imperil relationships with overseas markets and dampen energy demand. The United States, now the world’s largest natural gas producer, is exporting more supply overseas, but tariffs may undermine those plans, ExxonMobil CEO Darren Woods and Chevron Corp. CEO Mike Wirth said at the World Gas Conference (WGC) in Washington, DC. IHS Markit Vice Chairman Dan Yergin was the moderator. Read More


June 25th, 2018
Energy Industry-Led Coalition Aiming to Kick Methane Emissions from Natural Gas Chain | Carolyn Davis
An industry-led consortium, initially led by Cheniere Energy Inc., Chevron Corp., Equinor ASA, ExxonMobil Corp. and Pioneer Natural Resources Co., plans to advance methane science to better combat global emissions from the natural gas value chain from production to end-use. The Collaboratory for Advancing Methane Science (CAMS) would pursue scientific studies that focus on methane emissions detection, measurement and quantification, with the goal of finding opportunities for reduction. Read More