Natural Gas Exports

As Global Natural Gas Use Increases, Inland and Floating LNG Projects Proliferate

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Global natural gas demand is expected to steadily increase in the coming decades as developing economies continue growing and the West uses more of the fuel. Established energy trade patterns are also expected to shift eastward to emerging market demand centers as more gas is produced in the western hemisphere. Business activity at one of the world’s major engineering firms appears to be evolving in step with these emerging energy market trends.

“The best way to get $8 [natural] gas is to act like it’s going to be $3,” Dean Oskvig, President and CEO of Black & Veatch’s energy business recently told Breaking Energy. Increasing US unconventional gas reserves and output, which have kept US prices below historical norms, could in spur consumption and shift supply/demand fundamentals so that prices rapidly increase. The threat remains unrealized for now, with natural gas prices still near historic lows. Keep reading →

 /  Published December 20, 2012 at 8:30 AM

US Closer to Being Major Natural Gas Exporter

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A long awaited report from the Energy Department issued Wednesday said the benefits of exporting the gas far outweigh the costs.

The report clears the way for the approval of of up 15 pending natural gas export facilities – multi-billion dollar projects situated mostly along the Gulf and Mid Atlantic coasts. Keep reading →

 /  Published December 7, 2012 at 2:30 PM

North American Natural Gas Development Ripples Across Europe and Russia to Asian Markets

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The potential implications of recent North American natural gas production increases stretch across the globe, with knock-on impacts for gas trading patterns, regional supply-demand balances and even geopolitics.

These were all topics of discussion at a recent plenary session held during the 31st US Association for Energy Economics North American Conference in Austin, Texas, where analysts, economists, students and government officials from the US and other countries gathered this week. Keep reading →

 /  Published November 7, 2012 at 9:00 AM

US Natural Gas Exports

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Will exporting large volumes of US natural gas in the form of LNG raise the price of the commodity and potentially create a competitive disadvantage for gas-intensive industries? And what portions of the US economy are experiencing the impacts of increasing natural gas output most? These are some of the important questions that analysts, government officials, companies and environmental organizations are trying to answer.

In this second installment of our video series about the prospects for and implications of increased US natural gas use, Ian Nathan, Manager of Global Gas and LNG Research at Energy Intelligence Research & Advisory delves a bit deeper in to the issue. Keep reading →

 /  Published October 30, 2012 at 1:00 PM

Benefits and Risks Associated with Increased US Natural Gas Use

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The dramatic ramp up in US natural gas production in recent years caught many by surprise, as an anticipated need for imports changed seemingly overnight to mainstream talk about exporting natural gas as LNG.

In addition to the export conversation, there are numerous other applications for natural gas that are now attractive given the fuel’s abundance and historically low price. The power generation, petrochemical and transportation sectors are three major sources of increased consumption, but there is even a company using cheap gas to melt down waste plastic in order to separate out crude oil that can be sold back to refineries. Keep reading →

 /  Published October 26, 2012 at 1:00 PM

GE Launches Breakthrough Natural Gas Turbine for Baseload and Fast Ramping

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US President Barack Obama tours the General Electric Plant with GE Chairman and CEO Jeffrey Immelt (L) and plant manager Kevin Sharkey January 21, 2011 in Schenectady, New York.

General Electric recently announced $1.2bn orders for its new FlexEfficiency 60 turbine, which the company claims is a step change for the industry in its ability to supply both baseload power and ramp quickly to smooth intermittent loads from solar and wind. Keep reading →

 /  Published October 1, 2012 at 8:30 AM
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