North American LNG sector under coronavirus stress
US spot gas prices plunge to multi-year lows; the Henry Hub cash price tumbles 16.10 cents Wednesday morning to $1.654/MMBtu, the lowest price since March 9, 2016, when Henry Hub Continue Reading
Giant LNG Projects Face Coronavirus Death Or Delay
Plummeting oil prices have been the focus of attention ever since Saudi Arabia and Russia fired the first shots in what analysts see as a potentially devastating oil price war. Continue Reading
Slowdown in construction of new North American liquefaction supply expected amid outbreak
North American liquefaction terminals currently being built may see reduced construction activity for an indefinite period due to health officials’ recommendation to avoid assembling large groups of people to guard Continue Reading
Shale gas pioneer Chesapeake Energy taps restructuring advisers
Chesapeake Energy Corp, the oil and gas exploration and production company that helped spearhead the U.S. shale revolution, has tapped debt restructuring advisers amid a rout in energy prices, people Continue Reading
US EIA trims gas price forecasts, sees increases ahead as production declines
The US Energy Information Administration on Wednesday lowered its forecasts for Henry Hub spot natural gas prices forecasts for the first two quarters of 2020, but predicted prices will rise Continue Reading
Gas Could Be In Even Bigger Trouble Than Oil
Excess production, depressed demand, and weak prices: this sums up the natural gas market right now even better than it sums up the oil market. Unfortunately, with the China coronavirus Continue Reading
Lower oil prices unlikely to significantly slow US associated gas production
The rout in global crude oil prices this week is unlikely to show an immediate impact on US associated natural gas production, but if sustained, could keep domestic output flat Continue Reading
China’s Jan-Feb natural gas import growth slows to 2.8% in 2020 from 18.5% in 2019
Growth in China’s natural gas imports, including piped gas and LNG, slowed to 2.8% over January-February from 18.5% a year ago as the coronavirus outbreak further exacerbated a demand slowdown Continue Reading
Plunging Oil Prices Might Be Just What U.S. Gas Drillers Needed
As the collapse of OPEC+ talks on production cuts sent energy stocks into a tailspin, one corner of the industry defied the rout: U.S. natural gas drillers. Shares of gas producers including Cabot Continue Reading
EIA expects pipelines will increase natural gas deliverability in New England as a result of infrastructure upgrades
EIA expects pipelines will increase natural gas deliverability in New England as a result of infrastructure upgrades Several natural gas pipeline upgrades are either planned or under construction in New Continue Reading