Posts Tagged ‘LNG’

Oman exports more LNG in move with implications for oil

Over the past two years, Oman has quietly expanded the number of countries to which it exports LNG to well beyond those with which it has long-term supply contracts.

In a state that needs increasing gas volumes to fuel its oil and heavy industrial sectors, this raises far-reaching questions about energy strategy.

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Sussing out the ceilings over Russian gas prices

In this month’s selection from Platts Energy EconomistManaging Editor Ross McCracken explains what is currently contributing to Russia’s slipping grip on the European natural gas markets and questions whether Russian gas will be competitive in the future.

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Viewing global LNG from the House at Pooh Corner, where Eeyore lives

Ross McCracken, managing editor of Energy Economist, shares what the world of LNG would look like to an unabashed pessimist . . . or maybe just to someone who eyes the massive production boom on the horizon with some concern.

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US LNG exports: A move toward gas market price convergence

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.

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Oh US gas demand, where art thou?

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.

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US oil exports seen as key to security: Regulation and Environment

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.

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Mad Men face a challenge selling Australian coalseam gas

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.

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Gazprom, oil-link vs spot gas prices, and storage

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.

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IHS CERAWeek 2015, Day 3: The gas guys take the stage

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.

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Shell capitalizes on low oil to drive advancement for gas, LNG

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.

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