Europe’s Natural Gas Glut May Force Supply Cuts
Europe is so awash with natural gas amid weak demand and limited storage capacity that gas suppliers may have to cut flows to prevent natural gas prices from plunging further. Continue Reading
Utilization at US liquefaction terminals plunges amid wave of cargo cancellations
Total feedgas at loiwest level since August 2019 Global demand languishing below available supply Feedgas deliveries to the six major US LNG export terminals plunged June 1 to their lowest Continue Reading
Natural Gas Is Losing Its Shine for Ship Operators
Some gas projects are now being put on hold on the back of record low prices and brimming storage facilities, and some operators are pushing back orders for the new Continue Reading
US working natural gas volume in underground storage rises by 109 Bcf: EIA
The amount of natural gas in US storage facilities increased by 109 Bcf to 2.612 Tcf in the week that ended May 22, according to US Energy Information Administration data Continue Reading
Europe’s Gas Glut Could Hit Global LNG Market Hard
Unquestionably the current global health situation is going to cause a severe economic crisis not seen since the Great Depression. This is already apparent in the dramatic decrease in demand Continue Reading
Ukrainian Government Greenlights U.S. LNG Imports
The government of Ukraine, which is keen to wean itself off Russian energy supplies, approved on Wednesday a plan to import liquefied natural gas (LNG) from the United States, Reuters Continue Reading
Permian Basin, other associated gas plays lead US production to 16-month low
Output hits 85.5 Bcf/d, down 9% from record high At 357, US rig count has fallen 57% from annual peak Permian, SCOOP/STACK, Bakken lead output decline New York — US Continue Reading
Rystad Sees First Global Gas Demand Drop in 11 Years
Rystad Energy predicts that global gas demand will drop nearly two percent this year. Thanks to declining commercial and industrial natural gas demand driven by lockdowns to curb COVID-19’s spread, Continue Reading
Natural Gas Drillers Face Price Meltdown As Storage Fills Fast
Natural gas, the poster child of the fossil fuel industry and the bridge fuel to a renewable future, has suffered its fair share of problems amid the coronavirus pandemic. And Continue Reading
NextDecade’s Rio Grande LNG Terminal Facing Market Hurdles
Current conditions may adversely affect efforts to reach a final investment decision. The outbreak of COVID-19 and volatility in the energy markets have surfaced an additional risk factor for NextDecade Continue Reading