The U.S. natural gas market is expected to have a greater impact on the global LNG trade in the future as more projects are built and the world’s supply contracts are increasingly tied to Henry Hub, Shell plc reported Thursday in its annual liquefied natural gas outlook. Qatar and the United States are expected to…
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Column: Are U.S. Natural Gas Producers Ready to Enter the LNG Market, and Is There a Place for Them?
Ten years have passed since Cheniere Energy Inc. ushered in the era of modern U.S. LNG exports by sanctioning the first two liquefaction trains at the Sabine Pass terminal in Louisiana.
Argentina’s YPF Targeting 2023 FID on Integrated LNG Export Project
Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew. YPF and Malaysian national oil company Petronas signed a memorandum of understanding on Sept. 1 to study the potential for an integrated liquefied natural gas export project in Argentina, home of the Vaca Muerta…
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…
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…
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…
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…
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…
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…
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.