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LNG Update
The liquefied natural gas (LNG) facilities built, or being built, in the U. S. were licensed to only export to nations with which we had Free Trade Agreements in place. Since no such accords existed with China, exports to that country were typically only on a spot sale basis through brokers. While spot sales can… Read More
Immunity?
In an article in “Oil Voice”, Tsvetana Paraskova makes the case for U. S. shale oil’s immunity to low prices. Shale operators seem to be producing at a rate which could offset the production cutbacks implemented by OPEC, Russia and 10 other nations (N/OPEC). This has limited any crude oil price increases. Shale producers can… Read More
A 2017 Gas Forecast
In a recent article in “Oil Voice”, author Art Berman makes the case for continued strong natural gas prices for the rest of 2017. Berman is quick to point out that a year ago, the consensus among gas industry analysts was bearish, but he correctly predicted that prices would double. Once again, pessimism prevails, and… Read More
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
