Natural gas remains essential to the global energy transition, according to most U.S. executives, but many see a reduced or evolving role as renewables gain and the energy transition accelerates. That’s according to Deloitte, which recently issued its 2021 industry outlook after surveying a broad array of U.S. executives. Following the presidential election, the consultancy…
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Mexico Natural Gas Market Hangs On in Tortuous 2020
Mexico’s natural gas market continued to grow in 2020 despite the chaos wrought by Covid-19 and unease around the government’s state-centric energy policies, underscoring the molecule’s increasing importance to the local economy. Looking back, NGI’s Mexico GPI forecasts last year may have been wildly optimistic. The year started innocently enough, but it took a sharp…
U.S. LNG Developers Eye More FIDs in 2021 as Pandemic Recedes, Demand Rises
U.S. liquefied natural gas (LNG) developers are anticipating that 2021 will be much different than 2020. Covid-19 and uncertain long-term economics dashed the plans for a number of U.S. gas export projects to make a positive final investment decision (FID) this year. Most of those projects pushed their planned FID dates into 2021, with the…
China Buying More U.S. LNG to Meet Winter Demand, but Still Far Below Phase One Targets
U.S. liquefied natural gas (LNG) exports to China have ramped up this year but remain far below the levels specified in a phase one trade deal signed in January by the two countries to try to improve trade relations. Since U.S. LNG exports to China resumed in March after a hiatus of more than one…