Global

Baker Botts’ Bennett Says Question of U.S. LNG Capacity Isn’t How Much, but How Quickly

Baker Botts’ Bennett Says Question of U.S. LNG Capacity Isn’t How Much, but How Quickly

The U.S. LNG industry has appeared to emerge from a development slowdown after the Covid-19 pandemic to a boom in contracts and final investment decisions (FID) for new export projects thanks to global energy market disruptions. However, as the global market and supply chains continue adapting, rising hurdles for large-scale projects and the climate goals…

July 26, 2023
Global Natural Gas Demand Projected to Decline Through Remainder of Year, IEA Says

Global Natural Gas Demand Projected to Decline Through Remainder of Year, IEA Says

Global natural gas demand is expected to remain flat in 2023 with modest growth in the Asia-Pacific region offset by projected declines in Europe and North America, according to the International Energy Agency (IEA). The world’s natural gas consumption declined 1.5% year/year in 2022, driven largely by a sharp increase in prices after Russia invaded…

May 15, 2023
LNG Recap: Global Natural Gas Prices Converge as Market Tightens

LNG Recap: Global Natural Gas Prices Converge as Market Tightens

Global natural gas markets moved closer together last week with leading benchmarks posting significant gains as the outlook is seen improving. Henry Hub gas for September delivery jumped 33.5 cents week/week to average $2.090/MMBtu on Friday, while the prompt contract at the Dutch Title Transfer Facility (TTF) and the UK’s National Balancing Point both gained…

August 10, 2020

IEA Cuts Global Oil Demand Forecast on Coronavirus

The International Energy Agency (IEA) has cut its oil demand growth forecast for the year as the coronavirus outbreak in China continues to take a toll on the global economy.

February 18, 2020
Global Natural Gas Glut May Linger Five Years, Threatening U.S. Cargoes in 2020

Global Natural Gas Glut May Linger Five Years, Threatening U.S. Cargoes in 2020

Liquefied natural gas (LNG) buyers could start rejecting U.S. cargoes next year as the global gas market is all but certainly to remain oversupplied even if this coming winter is colder than normal, a team of Poten & Partners analysts said Monday.

September 17, 2019
Led by U.S., Non-OPEC Oil Output Seen Comfortably Supplying Softer Global Demand

Led by U.S., Non-OPEC Oil Output Seen Comfortably Supplying Softer Global Demand

Plentiful oil production growth from countries that are not members of the Organization of the Petroleum Exporting Countries (OPEC) should adequately supply “any likely level” of demand through 2020, helping to contain prices for consumers in a “vulnerable” global economy, according to the International Energy Agency (IEA).

June 18, 2019
U.S. Spending in Upstream Onshore, Power Grid Tops Global Energy Investments

U.S. Spending in Upstream Onshore, Power Grid Tops Global Energy Investments

Global energy investments stabilized last year ending a three-year drought, with capital spending on natural gas, oil and coal surging, while expenditures stalled for energy efficiencies and renewables, according to the International Energy Agency (IEA).

May 14, 2019

Venture Global Reveals Plans for Third Louisiana LNG Terminal, Targeting 2023 Start-Up

Venture Global LNG Inc. has shared plans with regulators for a third natural gas export terminal, signaling its intent to add up to 24 million metric tons per year (mmty) of capacity at a proposed site in Plaquemines Parish, LA.

April 23, 2019
Led by U.S., 2018 Another ‘Golden Year’ for Natural Gas, Says IEA

Led by U.S., 2018 Another ‘Golden Year’ for Natural Gas, Says IEA

Natural gas demand emerged as the global fuel of choice last year, particularly in the United States and China, as energy consumption worldwide increased by 2.3%, the fastest pace this decade, the International Energy Agency (IEA) said Monday.

March 25, 2019

Natural Gas to Lead as Fossil Fuels Dominate Global Energy Mix Through 2040, Say Exporters

As liquefied natural gas (LNG) expands its share of global trade, the world’s gas demand will grow at the fastest rate among fossil fuels through 2040, according to a recent report from the Gas Exporting Countries Forum (GECF).

December 11, 2018
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