Much has been written in recent years about the potential impact of upcoming US LNG exports. Market analysts have pondered the likely effect on domestic US natural gas prices, gas production rates, domestic employment, GDP and even consumption by related petrochemical and agricultural industries. On the global stage, many expect that at current price levels US gas could flood the European and South American markets, pushing Atlantic Basin gas prices to new lows.
Posts Tagged ‘LNG’
By J Robinson | June 16, 2015 12:01 AM Comments (0)
By Chris Pedersen | June 11, 2015 12:53 PM Comments (4)
In the United States, natural gas is having quite a year. Year-to-date, Platts unit Bentek Energy data shows natural gas production has averaged 72.4 Bcf/d, a 5.2 Bcf/d, or almost an 8% increase, from a year ago. This growth is impressive itself, but what makes it even more impressive is the growth has come while prices have been depressed and demand has lagged.
By Brian Scheid | June 1, 2015 12:01 AM Comments (2)
There’s an economic argument to be made for lifting US crude oil export restrictions, and then there’s the argument that American oil could go a long way toward providing security to the US and its allies. Brian Scheid explains in this week’s Oilgram News column, Regulation and Environment.
By Christine Forster | May 8, 2015 05:33 PM Comments (0)
Back in 1979, Australians were wowed by a television advertising campaign in which natural gas was depicted as “The Living Flame.”
Produced for eastern Australia-based gas utility AGL, the advertisement showed ballerinas dancing around a giant cooking hob, depicting natural gas in human form. The Living Flame was positive, beautiful and memorable. It was a campaign that would have made Don Draper proud.
By Alex Froley | April 23, 2015 12:01 AM Comments (3)
Europe’s competition commissioner Margrethe Vestager is taking on some tough battles. Last week she accused US technology giant Google of abusing its dominant position in the internet search market. This week she has laid charges against Russian gas producer Gazprom over its sales practices in eastern Europe.
By News Desk | April 22, 2015 06:34 PM Comments (0)
While Wednesday was supposedly natural gas day at IHS CERAWeek, oil topics still leaked into some of the discussions from executives and officials, such as during a discussion with Richard Kinder of Kinder Morgan.
On the other hand, some companies centered on other commodities (*cough cough coal*) are looking to gas as a way to round out their opportunities in a rapidly changing global energy landscape.
We tweeted tidbits from @PlattsGas, as well as from @PlattsOil and @PlattsCoal today, and also shared stories from our three natural gas and LNG editors who were in attendance at various sessions. Below are some of their thoughts about Wednesday’s events.
By William Powell | April 13, 2015 12:01 AM Comments (0)
Shell has become the first major to take proper advantage of the low oil price, taking out a company that it has long been interested in buying: BG. And the reason is a good one: not growth for its own sake but using BG’s assets to help it achieve its own goals faster. The transaction is underpinned by BG’s asset value, it said.
By Alex Froley | March 24, 2015 01:01 AM Comments (0)
It went largely unnoticed by the general media, but last week there was a significant announcement for the UK gas industry: the country’s main gas storage site may have its capacity cut by around a quarter, reducing the volumes that can be held in reserve next winter.
Just two years ago, during a cold winter, there were warnings that the country “was just six hours away from running out of gas.” So why would storage capacity be cut now, and does it matter? Read the rest of this entry »
By Desmond Wong | March 19, 2015 12:01 AM Comments (0)
This winter saw record volumes of LNG arriving on the shores of Europe, as cargoes sought value in an environment of weak LNG spot pricing. Cargoes flowed in from not only Qatar, but also from production sites like Trinidad and Tobago as portfolio players sought to optimize volumes into Europe while purchasing Asia Pacific delivery cargoes elsewhere to fulfill existing commitments.
By Mriganka Jaipuriyar | March 9, 2015 12:01 AM Comments (0)
Thailand is in a difficult position when it comes to procuring enough oil and gas for its growing needs. Myanmar, a country that provided much of Thailand’s gas, needs to keep more of its production for its own needs, and production from Thailand’s declining reserves is being held up by the government. Mriganka Jaipuriyar explains the country’s position in this week’s Oilgram News column, At the Wellhead.