China, the world’s largest energy consumer, saw its natural gas output fall 2 percent in May from the same period a year earlier, official data showed last week. Reuters said it’s the second straight month of declines as the market expects Beijing to announce an additional price cut for the fuel in the coming months to… Keep reading →
In recent years, Qatar – with a population of only 2 million – has become the quintessential heavyweight in the global liquefied natural gas (LNG) industry. The small Middle Eastern country has been the world’s largest LNG exporter since 2006, and has made spectacular profits, particularly from 2011 to mid-last year, riding the crest of record… Keep reading →
The next winter is approaching fast in natural gas terms. While temperatures are slowly rising in the Northern Hemisphere and the cherry blossoms around the Tidal Basin in Washington, DC hit peak bloom over the weekend, across the pond the EU Commission kicked off a fresh series of trilateral gas talks between Russia, the Ukraine… Keep reading →
Supply dynamics are changing liquefied natural gas (LNG) markets, especially in the Asia-Pacific region that accounts for two-thirds of global LNG demand. From an era of limited natural gas supply and record high prices exceeding $20 per million British thermal units (MMBtu) due to increased LNG demand from Japan, the world’s top LNG importer, in… Keep reading →
At the beginning of the year the proposed $6 billion Jordan Cove Energy Project looked like nothing could stand in its way. The project is slated to be built in Coos County on the southern Oregon coast by Calgary-based Veresen Inc. and is one of more than a dozen US based liquefied natural gas (LNG)… Keep reading →
With all eyes focused on falling oil prices for the past several months, the US natural gas market has often been overlooked. Not that it has done much from a price movement perspective in the past couple of years. Another cold blast of Arctic weather is headed for the Midwest and Northeast over the next… Keep reading →
When supplies of dry US natural gas swelled several years ago as companies honed their shale resource development skills, gas prices dramatically declined hitting a low of about $2 per million BTU. This caused natural gas producers to shift drilling operations into more liquids-rich areas and adjust their production more toward oil, which fetched higher… Keep reading →
The election of new governors in Massachusetts, New Hampshire and Rhode Island and an independent study commissioned by the Massachusetts Department of Energy Resources provides the impetus to resume discussions on much-needed pipeline infrastructure. Strengthening New England’s pipeline system will help ensure that clean, affordable abundant natural gas is reliably delivered to the region’s consumers.… Keep reading →
News broke Monday that Gazprom would no longer move forward with the South Stream pipeline project due to European opposition. Russian President Putin made the announcement after meeting with Turkish President Recep Tayyip Erdogan and Putin said the two countries would cooperate on the possibility of creating a gas trading hub on the Turkish-Greek border.… Keep reading →
Italian firm Eni won rights to develop the Offshore Cape Three Points (OCTP) block in Ghana that is expected to start up in 2017. “This project promises to deliver up to 170 million cubic feet of gas per day for the next 20 years and put Ghana on its way to a future where one… Keep reading →
