United States

U.S. Rig Count Rises Double Digits as Recovery Gains Steam

U.S. Rig Count Rises Double Digits as Recovery Gains Steam

Already on the ascent, the U.S. rig count’s trajectory bent further upward for the week ended Friday (Nov. 13), as strength in oil-directed drilling lifted the overall domestic tally 12 units to 312, according to the latest data from Baker Hughes Co. (BKR). Gains for the week included 10 oil rigs and two natural gas-directed…

November 13, 2020
U.S. Out of Paris Agreement as Country’s Political Future Uncertain

U.S. Out of Paris Agreement as Country’s Political Future Uncertain

Largely a matter of procedure at this point, the United States is officially out of the United Nations (UN) Paris Agreement, the landmark international accord drafted in 2015 in an attempt to mitigate rising global temperatures. While the Trump Administration announced its plans to withdraw from the Paris Agreement in 2017, the agreement requires that…

November 4, 2020
Canadian Natural Gas Exports Slip, but U.S. Exports Climb on Market Diversity, Says DOE

Canadian Natural Gas Exports Slip, but U.S. Exports Climb on Market Diversity, Says DOE

The United States grew and Canada shrank as natural gas exporters as the coronavirus pandemic spread in the first half of this year, according to the latest international trade scorecard from the U.S. Department of Energy (DOE). The records, compiled by the DOE’s gas regulation office, showed that market diversity made the difference. American dealers…

November 4, 2020
LNG Recap: Weather, Maintenance Combine to Disrupt U.S. Export Operations

LNG Recap: Weather, Maintenance Combine to Disrupt U.S. Export Operations

Feed gas deliveries to U.S. export terminals have fallen significantly in recent days and are likely to remain low this week as inclement weather on the Gulf Coast and maintenance are slowing liquefied natural gas (LNG) production.  Feed gas deliveries to Cove Point in Maryland have fallen to zero as the terminal started annual fall…

September 22, 2020
U.S. LNG Exports Expected to Bounce Back, Near Capacity in Months Ahead

U.S. LNG Exports Expected to Bounce Back, Near Capacity in Months Ahead

U.S. liquefied natural gas (LNG) exports will likely reach capacity of roughly 10 Bcf/d by the winter after dropping to about 30% of capacity in July because of the demand devastation caused by Covid-19, analysts told NGI this week. Some analysts see capacity ramping through the end of the year, while others expect a sharp…

September 2, 2020
U.S. LNG Exports Record First Year/Year Decline Since January 2016 as Pandemic Reverberates

U.S. LNG Exports Record First Year/Year Decline Since January 2016 as Pandemic Reverberates

U.S. liquefied natural gas (LNG) exports fell by 23.2% in June compared to the same month last year, their first year/year (y/y) decline since January 2016, according to the latest monthly data compiled by the Energy Information Administration (EIA). Total natural gas exports dropped by 6.1% to 11.3 Bcf/d, the first annual decline for any…

September 1, 2020
New Nord Stream Sanctions Draw Scrutiny, Stir Ire of Stakeholders

New Nord Stream Sanctions Draw Scrutiny, Stir Ire of Stakeholders

The Trump administration has unveiled a potentially quixotic effort to halt the controversial $11.4 billion Nord Stream 2 (NS2) natural gas pipeline from Russia to Germany by threatening to sanction companies that help complete the last 100 miles of the 745-mile line. The State Department plans to alter the Countering America’s Adversaries Through Sanctions Act…

July 17, 2020
Implications Seen for U.S. LNG as Nord Stream 2 Nears Finish Line

Implications Seen for U.S. LNG as Nord Stream 2 Nears Finish Line

Russia will likely complete by next year the undersea Nord Stream 2 (NS2) natural gas pipeline to Germany despite ongoing U.S. efforts to scuttle the $11 billion project, analysts said. The start-up of the 5.3 Bcf/d NS2 could curb a potential recovery of U.S. LNG exports even if the Covid-19 pandemic recedes next year, said…

July 10, 2020
As Chinese LNG Imports Increase, U.S. Gains Market Share

As Chinese LNG Imports Increase, U.S. Gains Market Share

China’s liquefied natural gas (LNG) imports have continued to increase and are above 2019 levels year-to-date as spot prices in the region have plummeted, U.S. import tariffs have been waived and industrial demand recovers from the pandemic.

June 16, 2020
Spike in U.S. LNG Imports Seen Unlikely, but ‘Anything Can Happen’ in Distressed Market

Spike in U.S. LNG Imports Seen Unlikely, but ‘Anything Can Happen’ in Distressed Market

As global natural gas prices have cratered and the market remains awash in supplies, speculation persists over the possibility for a spike in U.S. liquefied natural gas (LNG) imports this summer, a prospect that still remains unlikely.

June 15, 2020