SINGAPORE—Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled fuel amid the Ukraine crisis, analysts and industry sources said. High spot prices since late last year have already slowed trade and are likely to crimp demand growth…
Global LNG Demand Growth Shifts From Asia to Europe on Russia Sanctions
Wolf Berates Pennsylvania Republicans for ‘Exploiting Ukraine Crises to Enrich Gas Industry’
March 4, 2022
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Pennsylvania Governor Tom Wolf has written a terse response to a letter from House Republicans of the Energy Committee that urged him to loosen regulations on Pennsylvania’s gas reserves and ease market instability caused by the conflict in Ukraine. The largest natural gas reserve in the United States is underground, in Pennsylvania, Ohio, and West…
Republicans Urge Gov. Wolf: Unleash Pennsylvania’s Immense Gas Reserves
March 2, 2022
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Looking at the instability of the European energy markets, Pennsylvania House Republicans are urging Gov. Tom Wolf to unleash Pennsylvania’s natural gas stores to power the world. The largest natural gas reserve in the United States is mostly underground, in Pennsylvania and West Virginia. “If our region was its own country, we’d be the eighth…
Taiwan Says US Has Not Approached It on LNG Diversion
TAIPEI—Taiwan has not been approached by the United States on the issue of diverting some supplies of Liquefied Natural Gas (LNG) to Europe if the Ukraine crisis leads to a disruption, the economy ministry said on Monday. Responding to questions on whether Taiwan, a major Asian LNG customer, had been asked by the United States…
Biden Energy Officials Grilled on Proposed Pipeline Regulation, Rumored Natural Gas Export Ban
January 21, 2022
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In a Jan. 19 hearing of the House Energy Subcommittee, representatives questioned two Biden administration appointees on U.S. pipeline infrastructure, energy prices, and a rumored ban on exports of liquefied natural gas (LNG). The hearing was occasioned by Subcommittee Chair Bobby Rush’s (D-Ill.) proposed legislation, H.R. 6084, the “Energy Product Reliability Act.” That measure would…
Shell Pursues $7 Billion Buyback ‘At Pace’ Despite LNG Troubles
LONDON—Royal Dutch Shell said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell, the world’s largest trader of LNG, were down 0.32…
Natural Gas Bull Case Questioned Amid Sizable US Supply Withdrawal
Natural gas futures are posting a small gain Thursday after the U.S. government reported a larger-than-expected supply withdrawal. According to the U.S. Energy Information Administration (EIA), domestic natural gas inventories declined by 59 billion cubic feet in the week ending November 26. This is slightly larger than the median estimate of 57 billion cubic feet….
China Aims To Alleviate Energy Crunch With New US Natural Gas Deals
Amid soaring gas prices and domestic power shortages, China has signed three large-scale liquefied natural gas (LNG) deals with U.S. exporter Venture Global LNG to secure long-term supplies. For the past three years, China had imposed tariffs on U.S. natural gas due to the U.S.-China trade war. According to the United States Department of Energy,…
UK Can Meet Gas Demand This Winter, National Grid Says
Britain’s infrastructure will be able to get enough gas into the country to see it through the winter—and electricity demand should be safe, according to a new forecast from the company that runs the grid. National Grid Gas Transmission said that Great Britain will have a “positive supply margin”—that is to say it can access…
China Unloads Stranded Australian Coal to Address Energy Crisis as Prices Escalate Further
October 7, 2021
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Shipments of Australian coal that have been stranded in Chinese ports for months have finally been unloaded as China grapples with an energy crisis that has seen coal and gas prices surge to new peaks. A confluence of factors including the approaching winter months, the Chinese Communist Party’s (CCP) moves to reduce carbon emissions, COVID-19 restrictions,…
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