Can The U.S. Compete With Qatari LNG?
Qatar’s recent announcement that it would build the world’s largest LNG production facility did not prompt any applause from other LNG producers. Now, the tiny Gulf nation is also cutting Continue Reading
New Gas Plants Threaten Carbon Hangover Long Past Biden Deadline
The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural Continue Reading
Peak Gas Is Coming to the U.S. Sooner Than Anyone Expected
One of the largest utilities in the U.S. put $8 billion into a bet that natural gas would dominate American electricity much like coal had before. “We really consider this Continue Reading
Russia’s Gazprom begins construction of major Ust-Luga gas complex
Highlights Site to include 13 million mt/year Baltic LNG facility Some 18 Bcm/year to enter the Russian gas network Site also to produce 3 million mt/year of polymers Russia’s Gazprom Continue Reading
Natural gas industry urged to focus on the narrative in addressing energy transition
Cutting emissions doesn’t mean ending fossil fuel strategy IEA’s road to net-zero recommendations questioned Natural gas’ future depends in part on messaging, a BP executive said May 19 in a Continue Reading
Keeping natural gas costs low key to US export success amid transition: Venture Global
Competition from coal still a factor in Asia Calcasieu Pass start-up could come by fall US liquefaction project developers’ success in advancing new projects hinges in part on their ability Continue Reading
US natural gas storage deficit continues to climb as power demand heats up
The US gas storage deficit to last year and the five-year average continued to climb, while warmer weather setting in across the US diminished the chances for bulky builds as Continue Reading
Private oil companies fall short on cutting flaring
Private companies in America’s most productive oil region are burning unwanted natural gas at almost six times the level of intensity than publicly listed companies. The majority of flaring by the Continue Reading
Analysts expect US natural gas storage build to measure 33% below five-year average
US natural gas storage fields likely injected another below-average volume for the week ended April 30 as the deficit to the five-year average looks to widen in the week ahead, Continue Reading
Appalachian producers see fundamentals shaping stronger natural gas prices
Appalachian producers expect stronger year-over-year returns in 2021 based on a sizable percentage of hedged volumes, higher prices, increased export and LNG demand and the completion of an expansion project Continue Reading
Chesapeake Energy considers sale of South Texas assets
Chesapeake Energy Corp (CHK.O) , which exited bankruptcy in February, is working with two banks on a potential sale of its oil-producing South Texas assets that could fetch as much Continue Reading
Shale Gas Producer Slams ‘Flawed’ Climate Pledges Made by Peers
An executive at U.S. shale gas explorer CNX Resource Corp. criticized the long-term pledges to reduce emissions that have slowly gained traction in the industry, saying they lack detail and accountability. “Committing Continue Reading
Largest LNG vessel ever to load at US terminal departs Cheniere’s Sabine Pass
The largest LNG vessel ever to load in the US departed Cheniere Energy’s Sabine Pass export terminal in Louisiana on April 29, a company spokeswoman said. Receive daily email alerts, Continue Reading
US gas storage injection measures well below average as East region withdraws: EIA
US natural gas storage fields injected well below the five-year average for the week ended April 23 as cooler weather prompted a net withdrawal from the East region, Energy Information Continue Reading
India’s pandemic, Japan’s restrictions dampen Asia’s spot LNG demand
Asia’s LNG demand has been dampened by the worsening pandemic in India, that is expected to curb gas and power demand, with spot cargoes already impacted, and the declaration of Continue Reading
S Korea’s LNG demand forecast to rise 15% through 2034: ministry
South Korea’s energy ministry said April 27 that the country’s LNG demand is expected to rise 15.1% through 2034 on the back of higher LNG demand for bunkering and hydrogen Continue Reading
EU Admits It Can’t Go Net-Zero Without Natural Gas
Last week saw some much-needed good news for natural gas. The European Union signaled that it would include natural gas in its energy plans for the future, emissions and all. Continue Reading
The U.S. Could See Record Natural Gas Production In 2022
Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, Continue Reading
Did The World Bank Just Doom LNG?
The United States has a long-running love affair with natural gas, with fossil fuels acting as the lynchpin in the country’s power generation mix . At the same time, nearly Continue Reading
Ship Operators Move Toward LNG to Pare Emissions
The maritime industry, under growing pressure to reduce shipping’s carbon emissions, is coming to a growing consensus that liquefied natural gas will provide an intermediate solution toward finding cleaner fuel Continue Reading
Natural Gas Prices Jump On Smaller-Than-Expected U.S. Inventory Build
The U.S. benchmark natural gas price reversed losses from earlier on Thursday and turned higher after the Energy Information Administration reported a smaller-than-forecast injection into storage. As of 11:30 a.m. Continue Reading
Waha narrows its spread to Henry Hub as West Texas gas supply tightens
Cash basis at Waha is trading near historic highs this month as production weakness in the Permian Basin and strong demand from neighboring markets tighten the supply balance in West Continue Reading
Why Natural Gas Won’t Be Replaced Anytime Soon
“Gas will be a repeat of coal but quicker. When we look at power generation, you can see that going really, really quickly.” This is what the head of company Continue Reading
BP unveils $1.3B investment in US onshore, targets flaring, emissions reduction
Permian flared volume falls to 2% from 16% in Q3 2019 Company to eliminate routine flaring onshore by 2025 Flaring, emissions cuts buoy US output growth in 2021 BP is Continue Reading
BP Wants to Stop Burning Off Gas in America’s Top Oil Field
BP has been one of the companies most responsible for the burning of unwanted natural gas in the busiest U.S. oil field. Now it is trying to clean up its act. Continue Reading
EU split over delay to decision on classing gas as green investment
The European Commission is split over whether to postpone a decision on classifying gas generated from fossil fuels as green energy under its landmark classification system for investors. Brussels had Continue Reading
Gas Is the New Coal With Risk of $100 Billion in Stranded Assets
Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with Continue Reading
Texas Freeze Led To 10.6% Higher Natural Gas Withdrawals
Due to the winter storms in February, net natural gas withdrawals from storage this heating season exceeded the five-year average by 10.6 percent, the Energy Information Administration (EIA) said on Continue Reading
Winter gas shocks show supply security should not be ‘taken for granted’: IEA
Demand, price spikes seen in Northeast Asia, US in Q1 Security of gas supply ‘never out of season’ ‘Time will tell’ if events lead to policy shifts Extreme weather in Continue Reading
Weekly US natural gas storage injection dwarfs five-year average build: EIA
Natural gas injected into US underground storage fields the week ended April 9 dwarfed the five-year average once again, but the Henry Hub summer strip gained some ground while the Continue Reading
Global gas demand to rise by 3.2% in 2021, offsetting 2020 losses: IEA
Highlights Industrial demand to drive global increase But warns of continued impact of pandemic European gas demand set to rise by 3% in 2021 London — Global gas demand is Continue Reading
LNG demand may fall post 2040 due to global GHG emissions policies: Cheniere
Cheniere Energy expects LNG demand to increase until 2040, though it may decline beyond that due to continued global action to reduce greenhouse gas emissions, presenting risks for existing US Continue Reading
U.S. LNG Exports Fall From Record Highs
Maintenance at a Cheniere Energy facility was set to drag natural gas deliveries to U.S. liquefied natural gas (LNG) export facilities on Thursday to the lowest level since the end Continue Reading
US natural gas storage fields post another strong shoulder season build
Above-average injections into US gas storage fields during shoulder season suggest stocks might fill early this year, presenting a possibly bearish market landscape this summer. Receive daily email alerts, subscriber Continue Reading
Injection season continues into second week with call for 27 Bcf build: survey
US gas storage fields likely posted a net injection roughly three times the five-year average for the second build of the year for the week ended April 2 with some Continue Reading
Bakken flows on Northern Border dip as Western Canada takes greater share
Bakken flows on pipeline have grown for years Shale still shows potential for resiliency Bakken natural gas flows onto Northern Border Pipeline are starting to show slight declines, signaling a Continue Reading
LNG Imports Up Nearly 6%
Liquefied natural gas deliveries expanded the most in a year as Asia and Europe refilled inventories drained over the winter, and as pandemic-ravaged economies slowly begin to reopen. Imports jumped Continue Reading
South Texas LNG Facility Would Support Sequestration
Oxy Low Carbon Ventures (OLCV) will offtake and transport carbon dioxide from NextDecade Corp.’s (NASDAQ: NEXT) Rio Grande LNG project in Brownsville, Texas, under a deal between the companies. In Continue Reading
U.S. LNG Exports To Asia Hit Record Highs
Since the fall of 2020, the United States has significantly boosted its liquefied natural gas exports to the top LNG-importing region, Asia, to the point of setting record highs in Continue Reading
Europe Looks To Stock Up On Natural Gas This Summer
Harsh winters are always bad news for energy consumers. But they are good news for those that produce the energy that consumers use. This winter has been no exception: harsh Continue Reading
The Future Of U.S. LNG Hangs In The Balance
Soaring American exports of liquefied natural gas (LNG) could become a powerful tool of the Biden Administration to help other countries reduce their carbon footprint from more emission-intensive fossil fuels Continue Reading
Texas Moves to Kill Gas Bans Proposed by Austin, Others
Texas moved to stop the city of Austin and others from imposing a California-style ban on natural gas in new homes and buildings, the latest salvo in the gas industry’s Continue Reading
US storage fields post first net injection of year due to mild weather: analysts
US storage fields posted the first net injection of the year in the week ended March 27, according to a survey of analysts, which is one week earlier than normal, Continue Reading
Why Natural Gas Prices Are Unlikely To Break Out In The Short Term
The U.S. natural gas benchmark is set for several months of below $3 MMBtu price analysts and EIA forecasters say. The agency cited declining demand for heating in the spring Continue Reading
Drillers Burned Off Gas at a Staggering Rate as Winter Storm Hit Texas
As Texas was crippled last month by frigid temperatures that killed more than 100 people and triggered widespread blackouts, drilling companies in the state’s largest oil field were forced to Continue Reading
Democrats want to use the Congressional Review Act to reinstate methane rules – The Washington Post
Democrats on Capitol Hill are aiming to swiftly reinstate Obama-era rules designed to rein in the emission of methane from the nation’s oil and gas industry. Senate Majority Leader Charles Continue Reading
New Mexico regulator puts in place rule requiring operators to eliminate gas flaring
New Mexico regulators finalized rules to nearly eliminate routine natural gas flaring, making it the second state in the US to ban the practice, as operators in the Permian Delaware Continue Reading
US gas in storage posts larger-than-expected pull in likely last draw of season
US gas storage volumes declined more than the market expected in the week ended March 19, prompting a slight rise to the Henry Hub summer strip despite the likelihood of Continue Reading
Shrinking North American LNG field raises fear of ‘oligopolistic’ supplier future: panelists
Highlights Mismatch between available financing, quality projects Bankers encourage greater contract, distribution flexibility Houston — There is a mismatch between the amount of available financing and the number of quality Continue Reading
Amid budding industry optimism, US natural gas production hit one-year high
Domestic gas production surged to a nearly 12-month high this week as rising optimism in the US oil and gas industry continues to fuel an expansion in drilling activity and Continue Reading