Abundance

An abundance of shale natural gas reserves in China could one day cause the country to turn away from pipeline imports and liquefied natural gas (LNG), suggested analysts at Barclays Capital. But China must unlock the secrets of its shales and develop infrastructure to move the gas produced, both of which will delay any shale revolution in the People’s Republic.

An abundance of shale natural gas reserves in China could one day cause the country to turn away from pipeline imports and liquefied natural gas (LNG), suggested analysts at Barclays Capital. But China must unlock the secrets of its shales and develop infrastructure to move the gas produced, both of which will delay any shale revolution in the People’s Republic.

The era of low prices and gas shale play abundance has forced exploration and production (E&P) companies to focus more intently on cost control and has brought independents and majors together as they develop North America’s natural gas factory, an analysis by Deloitte has found.

The era of low prices and gas shale play abundance has forced exploration and production (E&P) companies to focus more intently on cost control and has brought independents and majors together as they develop North America’s natural gas factory, an analysis by Deloitte has found.

Natural gas is clean and price-competitive with other fuels, and it’s abundance in the United States will alter geopolitics and can erode the influence of oil cartels. Additionally gas-fired power generation and gas-powered vehicles can complement renewable energy and clear the air. That’s the story the industry needs to tell to lawmakers and consumers, according to Brad Boister, Anadarko Energy Services Corp. vice president of gas marketing.

Natural gas is clean and price-competitive with other fuels, and it’s abundance in the United States will alter geopolitics and can erode the influence of oil cartels. Additionally gas-fired power generation and gas-powered vehicles can complement renewable energy and clear the air. That’s the story the industry needs to tell to lawmakers and consumers, according to Brad Boister, Anadarko Energy Services Corp. vice president of gas marketing.

Despite an abundance of heating load remaining through the weekend in many areas, traders looked beyond that to expected warming trends beginning early this week in sending prices much lower Friday, in many cases by dollar-plus amounts. Of course, the previous day’s 20.3-cent dive by February futures and the usual weekend loss of industrial load also contributed to the cash bearishness.

Natural gas bulls shouldn’t pin their hopes on a hurricane-inspired rally given the abundance of gas in storage and the diminished relevance of offshore natural gas supplies to the North American market, an analyst said Thursday.

A marketer had perceived Monday that the growing abundance of major cooling load, especially in the central and southwestern U.S., would not be able to sustain that day’s rally at a majority of cash points because it was accompanied by a screen drop of just under a dime. He was proven correct as softness prevailed in most of the physical market Tuesday.