Natural Gas
For The First Time In 60 Years – The U.S. exported more natural gas than it imported in 2017
A new report out from the U.S. Energy Information Administration (EIA) is highlighting the natural gas sector and the growing export opportunities that the U.S. domestic industry are opening up. For the first time since 1957 The United States exported more natural gas than it imported in 2017. The transition to net exporter occurred as natural gas production in the United States continued to grow, reducing pipeline imports from Canada and increasing exports, both by pipeline and as liquefied natural gas (LNG). According to the EIA natural gas production in the United States increased significantly over the past decade. The United States surpassed Russia in 2009 as the world’s largest natural gas producer as shale gas production drove overall increases in natural gas production. Most recent...
First Oil, Now Natural Gas: U.S. Emerging As India
Its official – India will be importing its first ever consignment of U.S. liquefied natural gas (LNG), a mere nine months on from signing up for its first consignment of American crude oil. In a statement on Monday (March 5), coinciding with the first day of IHS CERA Week in Houston, U.S. – an event that’s considered one of the oil and gas sector’s signature jamborees – Cheniere Energy, a leading American LNG exporter, said it would be sending its first consignment to India via the Sabine Pass Terminal in Louisiana. The importer – Gas Authority of India Limited – one of New Delhi’s state-owned energy companies, said the takings would be under a 20-year sale and purchase agreement (SPA). […] Read Full Article Here: https://www.forbes.com/sites/gauravsharma/2018/03/05...
Mexico Ramps Up for Historic Round 3.3 Unconventionals Auction
Mexico’s energy authorities have taken a bold initiative by inviting tenders for the nation’s first auction of unconventional resources of massive but thus far unrealized potential and fraught with potential problems. Read Full Article Here: http://www.naturalgasintel.com/articles/113575-mexico-ramps-up-for-historic-round-33-unconventionals-auction
New warnings on liquified natural gas infrastructure
A company planning to export liquefied natural gas from the Gulf Coast will warn lawmakers this morning that surging U.S. gas production could become “stranded” absent bigger investment in pipeline and LNG infrastructure. On the record: In testimony prepared for a House Natural Resources Committee hearing today on the geopolitics of LNG, Tellurian president Meg Gentle says the government plays a key role in both laying the infrastructure groundwork for exports and offering a supportive and efficient regulatory environment… Read Full Article Here: https://www.axios.com/new-warnings-on-liquified-natural-gas-infrastructure-bbbf3665-df43-4760-93d3-8ece013bd549.html
China becomes world’s No.2 LNG importer in 2017, behind Japan
Last week the EIA reported that China will become the second largest LNG importer in the world, behind Japan. Several outlets have written about this growth and what it means to the industry as a whole. The report states that China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS Markit and official Chinese government statistics. Chinese imports of LNG averaged 5 billion cubic feet per day (Bcf/d) in 2017, exceeded only by Japanese imports of 11 Bcf/d. Imports of LNG by China, driven by government policies designed to reduce air pollution, increased by 1.6 Bcf/d (46%) in 2017, with monthly imports reaching 7.8 Bcf/d in December. China’s imports of natural gas have grown to meet increasing domestic ...
BP Energy Outlook: U.S. to ‘Dominate’ Global Oil and Gas Production
BP’s recently released Energy Outlook 2018 projects that the United States will continue to expand its position as the world’s largest producer of oil and natural gas through 2040. In addition to establishing a commanding lead in global oil production, which includes crude and natural gas liquids, between now and 2040, BP expects the U.S. will account for nearly a quarter of global natural gas production by 2040. Such impressive production levels are driven by the use of hydraulic fracturing, as the technology has unlocked massive reserves of tight oil and natural gas from shale regions across the country. Read Full Article Here: https://energyindepth.org/national/bp-energy-outlook-u-s-dominate-global-oil-gas-production/
“Gooooal” for Egypt and Israel Gas Deal
Egypt’s president says his country “scored a goal” by signing a billion deal with an Israeli company to supply natural gas that will help turn Egypt into a regional energy hub. The deal is worth 15 billion and will help establish Egypt as a regional energy hub. As reported by Fox Business, the agreement signed Monday was between Delek Drilling and its U.S. partner, Noble Energy and covers 64 billion cubic meters of gas over a 10-year period. The project is expected to be in full swing next year. The gas will be delivered from Israel’s Tamar gas field, which is already operational, and the larger “Leviathan” field, which is set to go online in late 2019. As the region continues to recover from recent sabotage from ISIS, there will likely be additional dea...
Honeywell To Provide Natural Gas Liquids Fractionation Plant For MarkWest’s Hopedale Plant
DES PLAINES, Ill., Feb. 12, 2018 /PRNewswire/ — Honeywell (NYSE: HON) today announced that its UOP Russell business will provide a fractionation plant capable of producing 60,000 barrels per day of natural gas liquids (NGLs) to MarkWest Energy Partners. The company, which is a wholly owned subsidiary of MPLX LP (NYSE: MPLX), will install the plant at its Hopedale facility located in Jewett, Ohio. The fractionation system will recover propane, isobutane, normal butane and pentane – or natural gasoline — from mixed natural gas liquids for use in petrochemical manufacturing. “A growing number of gas processors are investing in NGL fractionation technology,” said Craig Ranta, Honeywell’s business director for UOP Russell. “Today, our fractionation technologi...
China overtakes S Korea to become second-largest LNG importer in 2017: cFlow – Natural Gas | Platts News Article & Story
China overtakes S Korea to become second-largest LNG importer in 2017: cFlow – Read this Platts natural gas news article here. Plus discover more natural gas market news, products & services. Read Full Article Here: https://www.platts.com/latest-news/natural-gas/singapore/china-overtakes-s-korea-to-become-second-largest-27902917
Column: U.S leads world in cutting carbon emissions
When it comes to energy, the United States has achieved an unprecedented accomplishment, not just in energy produced here at home but also in environmental progress. The U.S. currently leads the world in natural gas and oil production, while simultaneously serving as the global leader in cutting energy-related carbon emissions. This is remarkable because it demonstrates how market forces and technological innovations have helped produce more energy and a cleaner environment. Continued leadership by the U.S. natural gas and oil industry will only help us make further improvements… Read Full Article Here: http://www.detroitnews.com/story/opinion/2018/01/01/us-leads-cutting-carbon-emissions/109086278/?linkId=100000001687850