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…
Articles from Global
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.
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.
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).
NGI The Weekly Gas Market Report
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).
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.
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.
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).
Global, Oil, Gas Execs Eye Dealmaking in 2019, with Focus in U.S., Canada
Most global oil and gas executives expect to make deals to buy or sell assets in 2019, nearly 10% above the global average, with most of the activity likely to be in the United States, spurred by onshore transactions, and in Canada, according to a recent survey.
Natural Gas a Destination Fuel, Not Just Bridge to Renewables, Say Energy Chiefs
The energy industry has to counter the view that renewables are the only way to reduce carbon emissions and instead make the case for natural gas to remove any doubts about its long-term benefits, a group of the leading global CEOs said Tuesday.