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Haynesville Revival
Not so long ago, the Haynesville shale of Louisiana and East Texas helped launch the shale revolution. Weak gas prices, and competition from the prolific Marcellus shale of Pennsylvania and West Virginia took their toll on the Haynesville. In fact, Haynesville production dropped to a 6 year low last March. Now, the very factors that… Read More
Strategic LNG Accord
Cheniere Energy has been shipping Liquefied Natural Gas (LNG) from its Sabine Pass, Louisiana, facility to various countries around the world, including China. However, to date, there has never been a direct sale of a U. S. cargo of LNG to a Chinese entity. “World Oil” reports that this is about to change due to… Read More
Global Gas Market
“Oil Voice” reports that global LNG (Liquefied Natural Gas) capacity has increased dramatically. In the year 2000 worldwide liquefaction capacity was 121 million tons per annum (mmtpa) or 844 billion cubic feet per day (bcf/d). By 2010 it had reached 270 mmtpa (1,882 bcf/d). By the end of this year it will be about 400… Read More
LNG Success
During the shale revolution operators were finding gas faster than traditional domestic markets could absorb it. Consequently, some investors saw LNG (Liquefied Natural Gas) exports as a lucrative opportunity. Liquefaction, transportation and regasification facilities are capital intensive and require long lead times for construction. While a number of projects are currently underway in the U.… Read More
Downside for Natural Gas
Recently several industry observers have expressed optimism for natural gas prices. Currently, prices are stable and there are potential upsides. Demand for gas for power generation is strong and growing. LNG exports, as well as gas sales to Mexico via pipelines, continue to grow. An unseasonably hot summer could be an added bonus. On the… Read More
