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