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LNG Growth Factors
With plentiful reserves and prolific wells that readily meet any increases in domestic demand, natural gas prices remain relatively weak. Liquefied Natural Gas (LNG) exports represent a new market for an abundant resource and hopefully will lead to stronger natural gas prices. Investors were quick to respond to the opportunity presented by LNG. Many projects… Read More
LNG Price War in Europe
Apparently Russia and Norway have taken a page out of Saudi Arabia’s playbook. “World Oil” reports that these two nations are increasing production and driving down natural gas prices in order to preserve market share. This strategy is aimed at containing the growth of Qatari Liquefied Natural Gas (LNG) imports into Europe and preventing U.… Read More
Bear Head LNG Facility
I recently ran across an article in “World Oil” about Bear Head LNG (liquefied natural gas) buying additional land adjoining the site of its proposed facility in Nova Scotia (http://www.worldoil.com/news/2016/3/29/bear-head-lng-buys-additional-land-as-it-expands-proposed-facility ). The article went on to say that original plans were to liquefy 8 mtpa (million tons per annum) of natural gas for export to… Read More
LNG Export Risks
“World Oil” reports that analysis by consulting group, Wood Mackenzie, indicates that U. S. LNG (liquefied natural gas) exports to Europe could be exposed to several risks over the next five years. Some of these are obvious and others less so. An obvious risk is that Russia, in an attempt to preserve gas market share… Read More
Gas Exports to Canada
The shale revolution resulted in a surplus of gas, especially in the Marcellus shale area of Pennsylvania, West Virginia and Ohio. As a consequence, prices plummeted and gas producers had to scramble to find new markets. Some of the cheap gas replaced coal for power generation. The abundance also gave rise to a number of… Read More
