Supply

Oil, Natural Gas Prices Jump as Fears Over Russian Supply Disruptions Grow – LNG Recap

Oil, Natural Gas Prices Jump as Fears Over Russian Supply Disruptions Grow – LNG Recap

Oil and natural gas prices climbed higher Monday in another volatile stretch of trading as the market weighed the possibility of significant supply disruptions tied to the latest round of sanctions against Russia amid continued fighting in Ukraine.  An initial round of talks to discuss a ceasefire Monday also yielded no results as Russia finds…

February 28, 2022
Shell CEO Says ‘Significant Struggle’ for Natural Gas and Oil Supply to Continue on Rising Demand

Shell CEO Says ‘Significant Struggle’ for Natural Gas and Oil Supply to Continue on Rising Demand

Shell plc came into 2022 at a gallop, with the No. 1 liquefied natural gas (LNG) trading and optimization portfolio righting itself and set for a big year ahead lifted by strong global commodity prices and improving demand. CEO Ben van Beurden and CFO Jessica Uhl discussed the quarter and full-year results with investors during…

February 3, 2022
Natural Gas Supply Constraints Could Put New England Power Grid in Winter Crisis Mode

Natural Gas Supply Constraints Could Put New England Power Grid in Winter Crisis Mode

New England’s natural gas pipeline constraints, global supply chain issues tied to oil and liquefied natural gas (LNG) deliveries, and prolonged periods of cold weather this winter could keep the region’s electric utilities from accessing sufficient fuel to meet customer demand and trigger emergency actions, according to power grid operator ISO New England Inc. “As…

December 10, 2021
China Cuts Another Long-Term Deal for U.S. LNG Supply from Cheniere

China Cuts Another Long-Term Deal for U.S. LNG Supply from Cheniere

Cheniere Energy Inc. said Friday it has reached a deal with China’s Sinochem Group Co. Ltd. to supply 0.9 million metric tons/year (mmty) of liquefied natural gas (LNG) beginning in July 2022.  The state-owned chemical conglomerate would buy LNG under the sales and purchase agreement (SPA) for a term of 17.5 years. Its purchases would…

November 5, 2021
Supply Chain ‘Snarls’ Stifle Economy, Stoke Inflation and Impede Energy Company Earnings

Supply Chain ‘Snarls’ Stifle Economy, Stoke Inflation and Impede Energy Company Earnings

The worst of the pandemic’s impacts on public health may have passed, but its long shadow still hangs over the economy and the energy industry in the form of supply chain bottlenecks, labor shortages and steep inflation. Setbacks such as manufacturing disruptions in Asia and congestion at U.S. ports infuse indefinite uncertainty, energy company executives…

October 29, 2021
Exports, Industrial Sector Seen Driving U.S. Natural Gas Demand This Winter

Exports, Industrial Sector Seen Driving U.S. Natural Gas Demand This Winter

A growing industrial sector and record-high export activity are expected to be key drivers of increased U.S. natural gas demand this winter, according to a leading trade group. Liquefied natural gas (LNG) exports are expected to grow by 16% over last winter, while pipeline exports to Mexico are expected to get an 18% boost, the…

October 7, 2021
Qatar Petroleum Inks 15-Year Deal to Supply More LNG to China

Qatar Petroleum Inks 15-Year Deal to Supply More LNG to China

Qatar Petroleum (QP) is set to supply even more liquefied natural gas (LNG) to China starting next year under an agreement announced Wednesday. Under the sale and purchase agreement (SPA), QP would supply 3.5 million tons/year (Mty) over a 15-year term starting in January 2022 to the marketing subsidiary of China National Offshore Oil Corp.…

September 29, 2021
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

September 27, 2021
LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

LNG Market Seen Tightening Further With Little Relief in Sight as Winter Nears

This winter is shaping up to be one of the tightest in years for the global natural gas market as strong demand has continued throughout the year and left inventories woefully short.  Liquefied natural gas (LNG) supply disruptions in Angola, Brunei, Nigeria and Trinidad and Tobago, to name a few, have also led to incremental…

August 20, 2021
LNG 101: Could New Ways to Sell American Natural Gas Give Rise to Second-Wave Export Projects?

LNG 101: Could New Ways to Sell American Natural Gas Give Rise to Second-Wave Export Projects?

U.S. liquefied natural gas (LNG) developers are going to greater lengths to attract customers, setting the stage for American supplies to increasingly be tied to foreign benchmarks and testing traditional commercial models with new agreements that could make project financing even harder to come by.  The question is, why?  Why would U.S. LNG buyers purchase…

August 5, 2021
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