An agreement announced Thursday between the United States and China to advance economic cooperation could have implications for liquefied natural gas (LNG) trade between the two countries.
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Sabine Pass Pull on Gas Market to Grow in Q2
With Sabine Pass Train 3 online and Train 4 poised to begin taking feedgas in the coming days, Cheniere Energy Inc.’s Louisiana liquefied natural gas (LNG) export terminal could be pulling 3 Bcf/d from the U.S. natural gas market by the second quarter, Barclays Research said in a note Wednesday.
U.S. CO2 Emissions Down 3% As Shale Gas Supply Surges, Renewables Displace Coal
U.S. carbon dioxide (CO2) emissions in 2016 fell more than anywhere else in the world, down 3% year/year, driven by a flood of shale natural gas supply and renewable power increasingly displacing coal, the International Energy Agency (IEA) said.
U.S., Canada Shale Development Still Leaving Global Competitors In Dust, Says Raymond James
The United States and Canada may hold less than one-fifth of the world’s shale resources, but combined they produce nearly all of the shale natural gas and oil, and that’s unlikely to change anytime soon, Raymond James & Associates Inc. said Monday.
BP Secures Another Shale Gas Contract With China’s Largest Producer
BP plc has nabbed its second contract this year with China National Petroleum Corp. (CNPC) to explore, develop and produce shale natural gas in the Sichuan Basin.
EIA: Shales to Power Domestic, Global NatGas Production Growth
Natural gas production from shales will account for 30% of global output by 2040 as shale resources are developed in more countries, particularly Mexico and Algeria, according to the U.S. Energy Information Administration (EIA).
BP, China’s Top Producer to Develop Unconventional NatGas in Sichuan Basin
BP plc on Thursday secured its first unconventional natural gas exploration contract in China in an agreement with the country’s largest state-owned producer.
Renewables Could Prove Cheaper Than LNG in Overseas Power Markets, Report Finds
The slew of North American liquefied natural gas (LNG) export projects currently in the works could face stiff competition from renewables in Asian and European power generation markets, according to a new report from economists with The Brattle Group.
Chevron Nabs Gorgon LNG Supply Contract with China’s ENN
Chevron Corp.’s Australian subsidiaries and its partners have signed a nonbinding heads of agreement (HOA) to deliver up to 0.5 million metric tons/year (mmty) of liquefied natural gas (LNG) over a decade from the Gorgon project to China’s ENN LNG Trading Co. Ltd.
NGI The Weekly Gas Market Report
Asian Demand Slips as U.S. Enters Global LNG; Watch China, Analyst Says
U.S. liquefied natural gas (LNG) export terminals “raced ahead” last year as a final investment decision (FID) was made on three projects during the first half, representing 18.5 million tonnes per annum (mtpa) of capacity, according to Wood Mackenzie Ltd.’s principal analyst Alex Munton. But LNG demand in Asia has waned, analysts said, creating uncertainty ahead.