Although natural gas prices already increased this year more than many expected – largely due to weather-related demand and inventory draws – business opportunities for energy infrastructure projects that use natural gas as feedstock remain attractive. Engineering, procurement and construction (EPC) firms could be particularly well placed to benefit from a medium-term “mega cycle,” according… Keep reading →
In a post last week we discussed the way the Ukrainian crisis is focusing a number of U.S. leaders on the potential foreign policy impacts of surging U.S. energy production. With its vast natural gas reserves, the U.S. could be a leader in the global market for liquefied natural gas (LNG), if we took the steps to make… Keep reading →
The US has gone from a net chemical importer in 2011 to an exporter with anticipated export revenue of almost $30 billion by 2018, thanks in large part to comparatively cheap natural gas and power prices. “US groups such as ExxonMobil, Dow Chemical, Chevron and Phillips 66 are among the leaders in investing in new… Keep reading →
Malaysian national oil company Petronas is selling a 10% stake in its proposed Pacific NorthWest LNG Ltd. (PNW LNG) export facility and the gas reserves underpinning the project to Indian Oil Corp. As part of the deal, Indian Oil will offtake 1.2 million tons of LNG – 10% of production capacity – from the liquefaction… Keep reading →
US natural gas in storage could reach a symbolic low this week. Extreme cold throughout the country is sending heating demand soaring, which is sucking gas from storage at record levels. “Natural gas in underground storage hasn’t dropped below 1 tcf since 2003, but the latest EIA report showed inventories on February 14th at 1.4 tcf and… Keep reading →
Breaking Energy has followed the US oil export issue since it first became a realistic question, as domestic production surprisingly surged. The issue steadily gained traction and there is currently a wealth of views on the topic. A series on Forbes called “The Weekly Oil & Gas Follies,” rounds up interesting, thought-provoking and silly industry-related… Keep reading →
EIA’s latest Annual Energy Outlook (AEO) projects a 56 percent increase in natural gas production by 2040, overtaking coal as the largest share of U.S. electric power generation. On December 16, 2013, the Energy Information Administration (EIA) released the AEO 2014 Early Release Overview presenting updated projections for U.S. energy markets through 2040. The AEO… Keep reading →
Intensified competition between Russian gas giant Gazprom and Russian gas independent Novatek is showcasing the advantages to producers of LNG pricing flexibility, according to Eurasia Group Global Energy and Natural Resources analyst Leslie Palti-Guzman. Natural gas analysts frequently point out that there are three different pricing regions for gas – North America, Europe and Asia.… Keep reading →
Chevron is restarting a shale drilling campaign in Romania, which has met resistance from the local population. As many as 300 riot police are patrolling the site. [Natural Gas Europe] Platts’ Brian Scheid has written an interesting piece on the Department of Energy’s latest LNG export approval, for an additional 0.4 billion cubic feet per… Keep reading →
Siemens’ financing arm is seeing a shift in project finance from a focus on renewables to a more even mix of renewable and fossil fuel generation, according to US chief executive Kirk Edelman. “What we’re seeing now is a little bit of a shift away from a lot of focus on renewables to a more… Keep reading →
