Goldman Sees Floor for Falling European Natural Gas Prices With Fuel Switching – LNG Recap
Weak industrial demand and mild weather pushed European natural gas prices even lower on Monday after seven straight weeks of losses.
Jamison Cocklin
Managing Editor, LNG
Pittsburgh, PA
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QatarEnergy Awards EPC Contract for North Field South LNG Project – The Offtake
A roundup of news and commentary from NGI’s LNG Insight:
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Oversupplied Market Keeps Lid on Asian, European Natural Gas Prices – LNG Recap
Natural gas prices in Europe and Asia fell again on Monday, continuing six consecutive weeks of losses as both markets are well supplied and demand remains muted.
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Global Natural Gas Demand Projected to Decline Through Remainder of Year, IEA Says
Global natural gas demand is expected to remain flat in 2023 with modest growth in the Asia-Pacific region offset by projected declines in Europe and North America, according to the International Energy Agency (IEA).
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BC Regulators Order More Work to Stop on Coastal GasLink
Work has stopped on a stretch of the Coastal GasLink pipeline that would ultimately feed the LNG Canada facility under construction in British Columbia (BC) after provincial regulators discovered erosion and sediment control issues.
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U.S. LNG Export Race Seen Slowing as Market Enters New Era
Russia’s war in Ukraine has helped propel the next wave of U.S. LNG projects, putting the country on track to export 22.3 Bcf/d of the super-chilled fuel this decade.
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Global Natural Gas Prices Dragged Lower Amid Strong Supply, Ongoing Demand Lull – LNG Recap
European natural gas prices on Tuesday traded at some of their lowest levels since 2021, continuing a weeks-long slide amid ample supplies and weak demand across the continent and other parts of the world.
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Lower Natural Gas Prices Ease Burden of Replacing Russian Supplies for Germany’s Uniper
Uniper SE recorded no losses in the first quarter related to replacing natural gas supplies that were cut off by Russia last year, and the company expects a “strong earnings recovery” after being bailed out by the German government in 2022.
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Chesapeake Won’t Cut More Activity as Management Expects Stronger Natural Gas Prices in 2024
Despite a steep drop in natural gas prices since the beginning of the year, Chesapeake Energy Corp. has no plans for now to cut activity further in 2023 as management sees an opportunity to be better positioned for a rebound in 2024.
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Energy Transfer to Appeal DOE Decision Denying Lake Charles LNG Export Extension – The Offtake
A roundup of news and commentary from NGI’s LNG Insight