Our Blog
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
Vitol’s View
“World Oil” reports that Vitol, the world’ largest independent trader, sees the oil production of OPEC and its allies as “lower for longer” as they try to reduce the global glut and raise prices. Kho Hui Meng, the head of Vitol’s Asia group, thinks that production quotas must be extended beyond mid-year, just to keep… Read More
How Low is the Floor?
European natural gas buyers have had access to Norwegian pipeline gas as well as LNG (liquefied natural gas) from Algeria and Qatar. However, the Europeans have always relied more heavily on pipeline gas imports from Russia than they would have liked. This dependence on Russia has made them susceptible to economic and geopolitical blackmail. Now… Read More
Ethane Epiphany
Ethane has always been the orphan hydrocarbon for the oil and gas industry. It is too energy intensive for transport in natural gas pipelines to end users. However, it is too volatile to be safely transported with heavier natural gas liquids (NGLs) to markets either. Ironically it is a valuable feedstock for petrochemical plants which… 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
