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HomeNatural Gas

Natural Gas

EIA Texas Natural Gas -EnergyNewsbeat.com
EIA News

Texas natural gas production fell by almost half during recent cold snap

February 26, 2021 Stu Turley

During the cold snap that affected much of the central part of the country, U.S. dry natural gas production fell to as low as 69.7 billion cubic feet per day (Bcf/d) on February 17, a […]

Crude Oil News

Mexico’s Energy Conundrum – A Geopolitical Futures Insight

February 25, 2021 Stu Turley

Last week, ice storms disrupted natural gas supplies to Mexico and so revived an existential question over how energy independent the country can and should be. But because Mexico’s independence is so often defined by […]

Leviathan and Tamar fields, which sit off Israel’s Mediterranean - Energy News Beat
Crude Oil News

Oil and Gas Industry ‘Demonized,’ Novatek Says: IP Week Update

February 23, 2021 Stu Turley

The heads of BP Plc, Total SE and Equinor ASA are among dozens of speakers convening for the annual International Petroleum Week conference, an event markedly different this year from previous gatherings. The industry’s flagship event in […]

Crude Oil News

As power returns, Texas energy firms slowly emerge from deep freeze

February 20, 2021 Stu Turley

Texas energy firms on Friday began to prepare for oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries. It will take several […]

Austin Repairman - EnergyNewsBeat.com
Electrical Generation / Utilities

A Giant Flaw in the Texas Blackout: It Cut Power to Gas Supplies

February 20, 2021 Stu Turley

When the Texas power grid was on the brink of collapse and its operator plunged thousands into darkness, it didn’t make an exception for the oil and gas field. Power was, unsurprisingly, diverted to hospitals […]

Fossil

Gas pipeline Nord Stream 2 links Germany to Russia, but splits Europe

February 19, 2021 Stu Turley

Recent developments Bloomberg reported on 19 February that the U.S. might hold off on sanctioning German companies involved in the Nord Stream 2 project, as the Biden administration seeks to halt the project without antagonizing a close European ally. […]

Nord Stream 2: Twists and turns of a controversial gas pipeline
International News

Nord Stream 2: Twists and turns of a controversial gas pipeline

February 19, 2021 Stu Turley

The pipeline Nord Stream 2 would connect Germany directly to Russian gas supply, but it has split opinions in Europe and beyond for years. The tube’s construction in the Baltic Sea is well advanced, but the project […]

U.S. LNG exports set consecutive monthly records of 9.4 Bcf/d in November and of 9.8 Bcf/d in both December 2020 and January 2021, according to EIA’s estimates based on the shipping data provided by Bloomberg Finance, L.P. EIA forecasts that U.S. LNG gross exports will average 9.7 Bcf/d in February 2021 before declining to seasonal lows in the shoulder months of the spring and fall seasons. EIA forecasts LNG exports to average 8.5 Bcf/d in 2021 and 9.2 Bcf/d in 2022, compared with average gross pipeline exports of 8.8 Bcf/d in 2021 and 8.9 Bcf/d in 2022. Since November 2020, all six U.S. LNG export facilities have been operating near full design capacity. In December, the Corpus Christi LNG facility in Texas commissioned its third and final liquefaction unit six months ahead of schedule, bringing the total U.S. liquefaction capacity to 9.5 Bcf/d baseload (10.8 Bcf/d peak) across six export terminals. The November–January increase in U.S. LNG exports has been driven by rising international natural gas and LNG prices, particularly in Asia, and lower global LNG supply because of unplanned outages at several LNG export facilities worldwide. U.S. monthly natural gas pipeline and LNG exports Source: U.S. Energy Information Administration, Natural Gas Monthly U.S. pipeline exports to Mexico increased by 6.4% in the first eleven months of 2020 compared with the same period in 2019 as a result of the completion of a new segment of the Wahalajara pipeline system in June and the Cempoala compressor station in September. The completion of Mexico’s Samalayuca-Sásabe pipeline (0.47 Bcf/d capacity) in January 2021 and the expected completion of Tula-Villa de Reyes pipeline (0.89 Bcf/d capacity) later this year are expected to further increase U.S. pipeline exports to Mexico. Principal contributor: Victoria Zaretskaya
Commodities

Annual U.S. liquefied natural gas exports forecast to exceed pipeline exports in 2022

February 18, 2021 Stu Turley

According to the U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO), EIA forecasts that U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of […]

Travis Park shelter - Energy News Beat
Exports

Texas Bans Gas Exports, 1.6 Million Get Power: Energy Update

February 18, 2021 Stu Turley

Texas Governor Greg Abbott is banning sales of the state’s natural gas beyond its borders in the latest sign the crisis roiling energy markets and leaving millions in the dark is far from abating. Top U.S. liquefied […]

Finance

Natural Gas Soars to $1,250 in Central U.S. on Supply Paralysis

February 17, 2021 Stu Turley

There’s no sign yet of a pause in the dramatic rally in natural gas prices across the central U.S., where spot rates have now breached the $1,000 mark, more than 100 times their level just […]

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