US Natural Gas Prices Continue Freefall This Winter
The cold weather has simply not arrived. After the lowest summer U.S. natural gas prices since 1998, the market has continued to fall this winter 2019-2020. The cold weather has Continue Reading
Regional LNG Finds Growing Demand off the Pipeline Grid
While massive world-scale LNG projects around the coast of North America have dominated headlines, smaller-scale regional LNG is also growing quickly. While massive world-scale liquefied natural gas (LNG) projects around Continue Reading
Why Europe’s Gas Glut Is Worsening
Europe could import some 100 million tons of liquefied natural gas this year as many cargoes turned down by Asian buyers head for the continent, Reuters has reported , citing Continue Reading
Russian gas supplies to Europe plunge in January
Russian gas supplies to Europe plunged in January, S&P Global Platts Analytics data showed Monday, with exports via Ukraine down 71% on the month despite the new gas transit agreement Continue Reading
China LNG demand uncertainty grows as Beijing offers force majeure shield on virus outbreak
Uncertainty over China’s LNG demand has grown following China’s decision to offer force majeure certificates to domestic companies if they are unable to fulfill their international contractual obligations due to Continue Reading
Is Natural Gas Really Helping the U.S. Cut Emissions?
Although natural gas produces about half the carbon dioxide emissions when burned than coal does, studies show methane leaks and flaring throughout the supply chain release far more greenhouse gas Continue Reading
Low prices boost Midwest gas-fired generation, despite weather
Low priced natural gas is continuing to grab market share from coal in the Midwest power market this month, despite notably lower power load there, which has accompanied milder temperatures Continue Reading
Marcellus LNG Project to Monetize Stranded Gas
Edge LNG’s truck-based model produces LNG and delivers it to market. Edge Gathering Virtual Pipelines 2 LLC (Edge LNG) reported Wednesday that it will capture and liquefy natural gas from Continue Reading
LNG Prices Fall To 10-Year Low
The global gas glut continues to grow worse, with LNG prices recently dropping to a 10-year low. LNG prices in Asia recently fell below $4/MMBtu, down 40 percent from a Continue Reading
ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel
The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is Continue Reading
Oil-linked LNG deals add to India’s discomfort as gas prices plunge
India is stepping up pressure on Qatar to re-negotiate term LNG deals and move away from oil-linked contracts as gas prices hit multi-year lows, but any flexibility in the future Continue Reading
In Crucial Pennsylvania, Democrats Worry a Fracking Ban Could Sink Them
Though they are both Democrats, John Fetterman, Pennsylvania’s lieutenant governor, and Bill Peduto, this city’s mayor, have their differences on the environment. Mr. Fetterman, who toppled an incumbent Democrat in 2018 from Continue Reading
Alaska pursuing LNG project approvals, still waiting on investors
Despite a world awash in liquefied natural gas, Alaska is still working on its $40 billion-plus Alaska LNG project, which if built could deliver 20 million mt/year of LNG to Continue Reading
The True Cost Of “Freedom Gas”
The reputation of natural gas as a clean fuel has been repeatedly undermined by unfavorable emissions data. But now, several new studies suggest that the problem could be even bigger Continue Reading
As Gas Prices Crash, Will This Shale Giant Survive?
Fracking pioneer and the king of unconventional drilling Chesapeake Energy (NYSE:CHK) is a company in dire straits, which makes it a great bargain right now. The Oklahoma-based exploration company ushered Continue Reading
North Dakota Bakken Shale gas production projected to climb 10% in 2020
North Dakota’s Bakken Shale gas output increased by 20% in 2019, and the latest analysis shows it growing another 10% year over year in 2020. Due to limited downstream access, Continue Reading
‘Rule of capture’ applies to fracked wells: Pennsylvania Supreme Court
The Supreme Court of Pennsylvania said oil and natural gas coming from shale wells drilled and hydraulically fractured are protected by the common “rule of capture,” but left open the Continue Reading
U.S. LNG Booms As Natural Gas Prices Crash
Despite the current oversupply and depressed natural gas prices all over the world, the global liquefied natural gas (LNG) market is set for further growth, at least into the middle Continue Reading
US liquefaction ramp-up spurs feedgas record topping 9 Bcf/d
Gas deliveries to US liquefaction facilities topped 9 Bcf/d for the first time over the holiday weekend and hit a new record Tuesday as exporters seemed unfazed by weak prices Continue Reading
Weakening LNG prices may sap seaborne coal demand in near-term: sources
Asian seaborne thermal coal traders voiced concerns over near-term demand as more utilities consider the feasibility of a coal-to-gas switching amid languishing LNG prices, sources told S&P Global Platts on Continue Reading
US gas exporters fight to survive supply glut
Multibillion dollar gas export projects that are central to the Trump administration’s push for “energy dominance” are locked in a battle for survival as prices fall and the market faces Continue Reading
Has Natural Gas Hit Rock Bottom?
U.S. natural gas prices fell below $2/MMBtu on Friday for the first time in nearly four years. The gas market is suffering from oversupply, as the shale industry has drilled Continue Reading
The U.S. Natural Gas Boom Is On Its Last Legs
Weak natural gas prices amid abundant supply and a falling rig count across the United States will slow down U.S. natural gas production growth this year, and some basins will Continue Reading
EIA forecasts declining gas consumption in US power sector in 2021
Competing renewables and expected higher natural gas prices have prompted the US Energy Information Administration to forecast that natural gas consumption in the power sector will fall 3.2% in 2021 Continue Reading
US EIA lowers Q1 Henry Hub spot gas price forecast 35 cents to $2.27/MMBtu
New York — The US Energy Information Administration on Tuesday lowered by 35 cents to $2.27/MMBtu its first-quarter 2020 forecast for Henry Hub spot natural gas prices. Receive daily email Continue Reading
U.S. Gas Giant Downgraded To Junk Status
The largest natural gas driller in the United States just announced a massive write-down for its assets, offering more evidence that the shale sector faces fundamental problems with profitability. In Continue Reading
Largest US natural gas producer takes $1.8bn writedown
EQT, the largest US natural gas producer, plans to write down the value of its assets by as much as $1.Sbn as prices for the fuel slide to the lowest levels Continue Reading
Why U.S. LNG Can’t Win In Europe
When Washington imposed sanctions on companies, the move drew criticism not just from Russia but from Germany as well. The sanctions, targeting firms building the pipeline that will increase Gazprom’s Continue Reading
Australia Becomes Top LNG Exporter Despite Bushfire Crisis
Australia’s bushfire crisis has arrived to such a tragic and critical apex that the smoke from the climate change-fuelled fires has travelled nearly 10,000 miles to South America and may Continue Reading
Average U.S. Natural Gas Prices Hit Three-Year Low In 2019
Due to continuously rising U.S. natural gas production, natural gas prices at the U.S. benchmark Henry Hub averaged US$2.57 per million British thermal units (MMBtu) in 2019—the lowest annual average Continue Reading
Low Gas Prices Crush Appalachia Shale Boom
Low natural gas prices have finally brought the decade-long shale gas boom in Appalachia to a halt. Gas production in Appalachia declined by about 1 billion cubic feet per day Continue Reading
Permian Basin 2020 forward gas prices hit fresh record lows
Permian Basin forward gas prices are testing new lows this month as the 2020 market outlook for available pipeline capacity exiting the West Texas basin continues to deteriorate. At market Continue Reading
US natural gas production edges back from highs as low prices weigh on drilling
Highlights 30-day average dips to 91.8 Bcf/d, down 1.7% from record Appalachia leads decline in dry gas output, drilling New York — US natural gas production has retreated from record-high Continue Reading
North Dakota Bakken Flaring Nearly 20% Of Its Natural Gas Production
The insanity continues in the North Dakota Bakken, as the shale industry is flaring nearly 20% of its natural gas production. That is one hell of a lot of natural Continue Reading
Exxon, Outrigger Ink Midstream Deal to Serve Bakken
ExxonMobil Corp.’s subsidiary XTO Energy, Inc. has entered into a long-term gas gathering and processing agreement with private midstream company Outrigger Energy II under which Outrigger will build a cryogenic Continue Reading
Is Europe’s Latest Gas Deal A Win-Win?
The recent gas transit deal between Russia and Ukraine, and their national gas companies Gazprom and Naftogaz respectively, has comforted Europe just about when the first cold spells started to Continue Reading
Emerging US-Russia duopoly aids European, UK LNG import record
Intensifying competition between the United States and Russia is driving record-breaking LNG imports into Europe’s most liquid natural gas trading hubs, with the rivals accounting for more than half of Continue Reading
4th Circuit strikes Virginia air permit for 600-mile ACP natural gas project
The Atlantic Coast Pipeline faced another legal setback Tuesday, as the 4th US Circuit Court of Appeals vacated a state air permit for a compressor station in Buckingham County, Virginia, Continue Reading
Port Arthur LNG Progresses with Aramco Deal
Aramco Services Co. has signed an IPPA with Sempra LNG for the Port Arthur LNG project in Jefferson County, Texas. Saudi Aramco’s Aramco Services Co. unit has signed an interim Continue Reading
Analysis: China’s LNG-fueled VLCC could be big win for future natural gas demand
Chinese state-run company Cosco Shipping Energy Transportation’s recent order of an LNG-fueled VLCC is a significant development in the wider adoption of natural gas as a marine fuel, even though Continue Reading
To Fight Climate Change, One City May Ban Heating Homes With Natural Gas
As a progressive-minded city nestled where the Cascade mountains reach the sea, Bellingham, Wash., has long been looking to scale back its contribution to climate change. In recent years, city Continue Reading
Analysis: Low prices, investor pressure drive slowdown in Appalachian gas production
Appalachian gas production last month registered its first monthly decline since May as producers in the dynamic US Northeast shale basin responded to low prices and growing pressure from the Continue Reading
Strong market fundamentals drive US gas liquefaction surge into the new year
Elba’s first export cargo nears destination in Pakistan High capacity utilization continued Thursday at US LNG export terminals, with feedgas deliveries near-record levels, amid robust winter demand and strong market Continue Reading
China’s Nov natural gas consumption rises 4% on year: NDRC
China consumed 27.22 Bcm of natural gas in November, up 4% year on year, the latest data from the National Development and Reform Commission showed. The year-on-year growth was much Continue Reading
Fundamentals show multiple possible outcomes to US natural gas storage volumes in 2020
US natural gas storage volumes look to exit winter 2019-20 at nearly 300 Bcf above the five-year average and about 600 Bcf above last year, painting a bearish picture barring Continue Reading
Shell Makes Haynesville Shale Deal
Castleton Resources has acquired the East Texas and North Louisiana Haynesville shale assets of Shell’s subsidiary, BG US Production Company. Castleton Commodities International LLC’s subsidiary, Castleton Resources LLC (CR), has Continue Reading
Russia Goes For Global Gas Dominance
Despite the newly announced U.S. sanctions against the Nord Stream 2 project, Russia says it will build and launch next year the natural gas pipeline that has divided Europe for Continue Reading
Nigeria LNG moves ahead with $10B expansion; 30 Mtpa
The partners in Nigeria LNG (NLNG)—Nigeria National Petroleum Corporation (NNPC) (49%), Shell (25.6%), Total (15%) and Eni (10.4%)— have taken the final investment decision (FID) for the expansion project of Continue Reading
Nigeria’s LNG capacity to grow by 35% with Bonny plant expansion
Nigeria’s planned Train-7 project, part of its expansion at the Bonny LNG plant, has received a full investment decision, operator Nigeria LNG said Friday. The project, expected to start up Continue Reading
US working natural gas in underground storage decreases by 161 Bcf: EIA
US working gas volumes in storage plummeted by 161 Bcf last week due to colder weather and tighter supply, but the balance-of-winter strip tanked further during Friday trading as much Continue Reading