Exports

Adnoc Consolidates Natural Gas, LNG Units as Part of $150 Billion Growth Plan

Adnoc Consolidates Natural Gas, LNG Units as Part of $150 Billion Growth Plan

The United Arab Emirates’ Abu Dhabi National Oil Co. (Adnoc), is planning to combine its natural gas processing and LNG units into one partially public company as a part of its plans to modernize its structure and boost production. Dubbed Adnoc Gas, the new entity would incorporate all of the group’s gas processing operations and…

November 30, 2022
Messy Winter Weather in Pacific Northwest, Rockies Drives Stout Forward Price Gains

Messy Winter Weather in Pacific Northwest, Rockies Drives Stout Forward Price Gains

Huge natural gas forward basis moves continued for pipeline capacity-starved New England, but hefty premiums also shifted further west during the short Nov. 17-21 period, NGI’s Forward Look data showed. With several inches of snow falling and a stormy outlook ahead, the Rockies and Pacific Northwest posted sharply higher forward prices. Northwest Sumas December basis…

November 22, 2022
U.S. LNG Exports Took Off in 2021 as Domestic Natural Gas Prices Surged

U.S. LNG Exports Took Off in 2021 as Domestic Natural Gas Prices Surged

Consumption in the domestic electric and residential sectors fell in 2021, but record LNG exports drove growth in net natural gas disposition, according to the U.S. Energy Information Administration (EIA).  Natural gas demand, net liquefied natural gas exports and net storage grew by 3.6% last year compared with 2020, when the Covid-19 pandemic swept across…

November 18, 2022
Higher Winter Natural Gas Prices Forecast Despite Bearish Supply, Demand Factors, Says FERC

Higher Winter Natural Gas Prices Forecast Despite Bearish Supply, Demand Factors, Says FERC

FERC is projecting elevated U.S. natural gas prices for the 2022-2023 winter, despite mild weather forecasts for most of the country and steadily rising domestic production. “Natural gas prices for the upcoming winter are expected to remain higher than recent years at major trading hubs across the U.S.,” Federal Energy Regulatory Commission staff said in…

October 24, 2022
IEA Adds Another Warning to World About Europe’s Long-Term Natural Gas Supply Woes

IEA Adds Another Warning to World About Europe’s Long-Term Natural Gas Supply Woes

Moderating prices and favorable storage data do not tell the whole story of Europe’s natural gas status heading into winter, International Energy Agency (EIA) Executive Director Fatih Birol said, citing Russia and fallout from its protracted war in Ukraine. Following recent meetings with European leaders – including Czech Prime Minister Petr Fiala, Finnish Prime Minister…

October 20, 2022
North American Natural Gas Exports Set to Rise by 46% as Mexican Projects Advance

North American Natural Gas Exports Set to Rise by 46% as Mexican Projects Advance

Mexico is unlikely to substantially increase its natural gas production over the next five to six years, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). In its latest “prospectiva” or outlook for oil and natural gas output, the regulator modeled high, low and medium production growth scenarios for each hydrocarbon. The high case scenario…

October 10, 2022
East Asia, TTF Prices Fall After Rally, With Some LNG Buying Deferred

East Asia, TTF Prices Fall After Rally, With Some LNG Buying Deferred

The extended closure of the Nord Stream 1 pipeline from Russia to Germany caused a major rise in TTF prices on Monday and a similar reaction for East Asian spot LNG prices.

September 9, 2022
U.S. LNG Upside Seen Limited by Pipeline Capacity Constraints

U.S. LNG Upside Seen Limited by Pipeline Capacity Constraints

U.S. LNG producers have had the busiest year signing up new customers since before exports began from the Lower 48 in 2016, but additional pipeline capacity and natural gas production will be needed to send more of the super-chilled fuel overseas. While the United States easily has the world’s largest backlog of near-shovel-ready liquefied natural…

August 17, 2022
Amid Lackluster Production and ‘Robust, Resilient’ Demand, $13 Natural Gas Said Possible

Amid Lackluster Production and ‘Robust, Resilient’ Demand, $13 Natural Gas Said Possible

A confluence of entrenched domestic demand, mounting calls for U.S. exports of LNG and modest production growth – all factors forecast to endure – propelled natural gas futures above $9.00/MMBtu in August and could keep upward pressure on prices for years. Such was the assessment of analysts who spoke Tuesday at the LDC Gas Forum…

August 17, 2022
Australian LNG Producers Face Prospect of Diverting Exports to Meet East Coast Supply Shortfall

Australian LNG Producers Face Prospect of Diverting Exports to Meet East Coast Supply Shortfall

Australia should divert LNG exports to meet a domestic gas supply shortfall on the east coast next year, the Australia Competition and Consumer Commission (ACCC) said in its latest  report. Australia’s east coast gas market is expected to have a shortage of 56 petajoules (PJ) next year, or about 10% of domestic demand, according to…

August 3, 2022
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