Saudi Arabian Oil Co., aka Saudi Aramco, and Riyadh-based ACWA Power signed a memorandum of understanding last week with the Bangladesh Power Development Board to build a 3,600 MW liquefied natural gas (LNG)-fueled power plant and terminal in the south Asian country.
Articles from Supply
Long-standing trading patterns at major natural gas hubs in Southeast Texas could be reshaped over the next decade as limitations in pipeline capacity closest to the Houston market arise because of increasing Permian Basin volumes.
A toll cut on TC Energy Corp.’s cross-country Mainline enabled Western Canada natural gas to regain Ontario and Quebec sales last year in competition with Lower 48 supply, according to a Calgary economics agency.
Transcontinental Gas Pipe Line Co. LLC (Transco) said it would move quickly to file yet again for a key permit after New York regulators denied an application for the Northeast Supply Enhancement Project, which is now imperiled by the decision and poised for further delays.
Demand for natural gas will reach an all-time high this winter, and is likely to be matched by record domestic production, according to the Natural Gas Supply Association (NGSA).
November natural gas is set to open 8 cents lower Friday morning at $2.81 as overnight weather data resulted in a large decrease in forecast heating load. Overnight oil markets fell.
Global natural gas markets are well supplied, but the transformation from regional systems to interdependent markets is creating security challenges, including on the U.S. Gulf Coast, the International Energy Agency (IEA) said in an annual assessment.
With so much new supply hitting the market over the next few years, and with incremental demand from the Gulf Coast, natural gas producers haven’t seen the last of widening basis differentials, according to RBN Energy LLC’s Rusty Braziel.
Worldwide liquefied natural gas (LNG) supply appeared to swamp demand in 2016 as new capacity came online, but big buyers snapped up more cargoes and new participants emerged, basically evening out the supply-demand picture, according to Royal Dutch Shell plc.