Natural Gas Archives

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

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 […]

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 […]

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 […]

Texas Spot Power Price Hits $9,000 for Fourth Day: Energy Update – Video

February 16, 2021 Stu Turley

The energy crisis crippling power grids across the U.S. showed few signs of abating Tuesday morning as blackouts left almost 5 million customers without electricity during unprecedented cold weather. Spot power prices in Texas hit […]

Resurgent Canadian natgas producers look to edge in on U.S. market

Resurgent Canadian natural gas producers look to edge in on U.S. market

February 16, 2021 Stu Turley

Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in a position to boost net gas exports to the United States for the first time […]

Germany Seeks Deal With Biden on Controversial Pipeline – because they need gas to support their renewable power

February 16, 2021 Stu Turley

Energy News Beat Publishers Note: Germany has been at the forefront of the energy migration to renewables. That being said, Germany has now become more dependent on natural gas to support the large renewable infrastructure. […]

Deep Freeze - Sends Gas Soaring - energynewsbeat

Deep Freeze Sends Gas Soaring to $600 Over the Long U.S. Weekend

February 14, 2021 Stu Turley

Natural gas traded at a record $600 per million British thermal units in Oklahoma over the long holiday weekend with a deep freeze across the central U.S. intensifying, according to traders. Temperatures fell so far […]

Rosneft holds talks with global traders, India and China on Vostok Oil project which can compare to Bakken

February 13, 2021 Stu Turley

Vostok Oil is one of Russia’s biggest oil projects, comparable in size with the exploration of West Siberia in the 1970s or the U.S. Bakken oil province over the past decade. Rosneft has held talks with international […]

India Petronet to expand Dahej LNG terminal’s capacity to 22.5 MTPA

February 13, 2021 Stu Turley

Petronet LNG, India’s top liquefied natural gas (LNG) importer, plans a 29% increase in its Dahej terminal’s capacity to 22.5 million tonnes per annum (mtpa) to meet rising demand, its chief executive said on Friday. […]