LNG Demand Growth To Stay Strong

Despite the outbreak of coronavirus pandemic the global demand for Liquefied Natural Gas (LNG) has remained resilient last year, Yury Sentyurin, Secretary General, Gas Exporting Countries Forum (GECF) has said, The Peninsula.

Preparation

Talking about the upcoming 6th GECF Summit set to take place in Qatar this year, he said a comprehensive roadmap on the preparation and delivery of the Summit is in progress. The 6th GECF Summit of Heads of State and Government is scheduled to take place in Qatar...

https://mfame.guru/lng-demand-growth-to-stay-strong/

Truck Talk: No fuelin’ around edition

This week, we’ve got gas — natural gas, renewable natural gas and renewable diesel fuel. Amid the buzz around battery-electric trucks, drop-in fuels often get short shrift. That might be shortsighted. 

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It’s a gas

Except for devoted fleets — think refuse haulers, school buses and some small and midsize fleets — natural gas gets little respect and practically no sustained growth. Though it is far cheaper and pollutes less, it is still a fossil fuel derived...

https://www.freightwaves.com/news/truck-talk-no-fuelin-around-edition

US LNG Exports In East Asia Reach New Heights

U.S. exports of liquefied natural gas (LNG) to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID-19 pandemic, Eikon trade data shows, reports Reuters.

Increase in imports

As with the ramp-up of U.S. oil exports that forced heavyweights like Saudi Arabia to find other buyers, what was dubbed Freedom Gas by the administration of President Donald Trump is also changing global...

https://mfame.guru/us-lng-exports-in-east-asia-reach-new-heights/

Evolve keynote: ‘Nothing builds culture like winning’

Toby Rice, CEO of EQT Corp, said “culture is everything” when creating a company that can thrive.

Rice co-founded Rice Energy Inc., a Pennsylvania-based natural gas producer, with his brother Derek in 2007. In 2017, Rice Energy was sold to EQT for $6.7 billion. 

In 2019, Rice became CEO at Pittsburgh-based EQT Corp, the largest natural gas producer in the United States.

“At the end of the day, what we’re trying to do is generate great results. It’s not about suits, it’s not about bureaucracy, it’s...

https://s29755.pcdn.co/news/evolve-keynote-nothing-builds-culture-like-winning

Texas blackouts cost Mexican manufacturers $2.7B

Rolling power blackouts have affected key industrial sites across Mexico, including border states home to hundreds of factories producing everything from auto parts to electronics.

Factories across northern Mexico states such as Tamaulipas, Chihuahua and Nuevo Leon reported more than $2.7 billion in losses from blackouts that started Monday when Texas began limiting natural gas supplies, according to Mexico’s National Council of the Maquiladora and Export Manufacturing (INDEX).

INDEX reported...

https://www.freightwaves.com/news/texas-blackouts-cost-mexican-manufacturers-$27b

Transforming animal waste into transportation fuel

U.S. Gain, Appleton, Wis., a distributor of renewable natural gas (RNG), has announced that the anaerobic digester at Deer Run Dairy, Kewaunee, Wis., is complete, transforming animal waste to clean, low carbon fuel for the transportation market. RNG production offers Deer Run Dairy the opportunity to improve manure management practices from its herd of 1,700 milking cows.

“We’ve developed a great relationship with Deer Run Dairy over the years and are pleased to work with them on this...

https://www.workboat.com/news/people-and-products/transforming-animal-waste-into-transportation-fuel/

Spot Gas Prices Recoil as Hurricane Laura Misses Path

  • Spot natural gas prices in the Houston metropolitan area saw a double-digit rebound as Hurricane Laura bypassed the area.
  • Data showed gas demand for power generation in Texas increasing around 400 MMcf, as there was no substantial hurricane-related damage to power infrastructure.
  • The lower inflows were driven partly by a number of pipeline force majeures.
  • Natural Gas Pipe Line and ANR Pipeline declared force majeure citing the imminent storm track of Hurricane Laura and impacting southbound...

https://mfame.guru/spot-gas-prices-recoil-as-hurricane-laura-misses-path/

Natural Gas Markets Falls Below the $1.80 Level!

The natural gas markets have fallen again during the trading session on Monday 01 June, breaking below the $1.80 level, reports Christopher Lewis for FXEMPIRE.

A slow market pattern

Natural gas markets initially fell on Monday to break down below the $1.80 level again. The point to be noted here is that there is a major gap underneath, which has been filled and typically will offer a bit of support. 

Having said that, the market looks highly likely to continue to see noisy action down in this area...

https://mfame.guru/natural-gas-markets-falls-below-the-1-80-level/