Anchors Aweigh for Manatee Natural Gas Field as Shell Building More Global LNG Capacity
Shell plc, a top natural gas producer in Trinidad and Tobago’s offshore, is building capacity after sanctioning the Manatee field, estimated to hold 2.7 Tcf.
Shell plc, a top natural gas producer in Trinidad and Tobago’s offshore, is building capacity after sanctioning the Manatee field, estimated to hold 2.7 Tcf.
Hurricane Beryl weakened after coming ashore in Texas early Monday and was downgraded to a tropical storm after it disrupted some LNG feed gas demand along the U.S. Gulf Coast.
As U.S. and Middle East LNG exporters appear poised to be the dominant long-term players in the global market, competition for Asian buyers willing to pay for the next wave of supply could be heating up.
State-owned Saudi Arabian Oil Co., better known as Aramco, is moving forward with a multi-billion dollar project to boost natural gas production, and possibly fuel its export ambitions.
More than half a year after the Department of Energy (DOE) halted non-free trade (FTA) agreement permits for new U.S. LNG projects, the length of the pause and the potential impacts to the export supply outlook are still pending.
Global investment firm Carlyle is leveraging its expertise in carving out exploration and production (E&P) assets by building a standalone natural gas-weighted business focused in Croatia, Egypt and Italy.
Global natural gas buyers are still signing long-term LNG contracts despite cooling market volatility and lower prices.
Egypt’s plans to become a regional natural gas export hub are on hold as dwindling domestic production and extreme heat increase its dependance on Israeli pipeline and LNG cargoes to meet surging power demand.
Global natural gas prices continued to trade sideways on Monday as ample supplies were available and forecasts were largely unchanged.
A wave of new LNG supply that’s expected to push global natural gas prices lower later this decade is likely to spur additional investments in floating storage and regasification units (FSRU) that could ultimately help to balance any glut.