LNG

Amid surging exports of pipeline natural gas from the United States to Mexico, and tension between the oil and gas industry and Mexico’s government, President Trump on Wednesday signed the United States-Mexico-Canada Agreement (USMCA) into law.

Royal Dutch Shell plc saw its fourth quarter results halved from a year ago in part on a huge U.S. onshore natural gas price-related writedown, and more rough patches likely are ahead, but the global natural gas trading arm is on track to rise above the mayhem, the CEO said Thursday.

U.S. dry natural gas production is forecast to grow at a considerably slower rate to 2025, but it still is seen outpacing demand, pressuring prices and leading to an increase in exports, according to government projections.

Natural gas has broken below the $2/MMBtu mark earlier than expected this year, and now the commodity faces a “gasmageddon” that could see prices stay below $2 on average through 2020.

A Sempra Energy affiliate has asked FERC for a six-year extension to finish an expansion at the Cameron liquefied natural gas (LNG) export facility in Louisiana, citing a shakeup among its joint venture (JV) partners that has pushed back the project’s timeline.

U.S. dry natural gas production is forecast to grow at a considerably slower rate to 2025, but it still is seen outpacing demand, pressuring prices and leading to an increase in exports, according to government projections.

Natural gas has broken below the $2/MMBtu mark earlier than expected this year, and now the commodity faces a “gasmageddon” that could see prices stay below $2 on average through 2020.

A Sempra Energy affiliate has asked FERC for a six-year extension to finish an expansion at the Cameron liquefied natural gas (LNG) export facility in Louisiana, citing a shakeup among its joint venture (JV) partners that has pushed back the project’s timeline.

U.S. liquefied natural gas (LNG) exports were up slightly in the week ending Jan. 22, as 15 vessels departed carrying 54 Bcf, according to the Energy Information Administration.