Industry Report: U.S. Natural Gas Price Increases May Attract Summer LNG Cargos
Posted on May 9, 2008 in Markets and Competition | Comments Off on Industry Report: U.S. Natural Gas Price Increases May Attract Summer LNG Cargos
In its most recent report, Waterborne Energy suggests that the 25% price increase for natural gas in the U.S. market since March may attract a “slow, steady increase [of LNG imports] through summer.” According to Reuters, the report also notes that current U.S. prices are similar to those in Spain and the United Kingdom, making it more likely that cargos from Trinidad &...
NATS: LNG Likely Needed to Meet U.S. Gas Storage Needs for Winter Heating Season
Posted on May 9, 2008 in Markets and Competition | Comments Off on NATS: LNG Likely Needed to Meet U.S. Gas Storage Needs for Winter Heating Season
NATS released comments yesterday suggesting that in order to reach full natural gas storage capacity by November 1, the beginning of the 2008 winter heating season, the United States will have to inject almost 12 Bcf/d of gas into storage. According to NATS, that target injection rate cannot be sustained unless U.S. gas prices rise, attracting more LNG cargos to the U.S. market....
Analyst Report: Low U.S. LNG Imports Could Lead to Supply Crunch During Heating Season
Posted on May 8, 2008 in Markets and Competition | Comments Off on Analyst Report: Low U.S. LNG Imports Could Lead to Supply Crunch During Heating Season
A report issued by Goldman Sachs suggests that if U.S. LNG imports remain at their current low levels, the United States may experience a natural gas supply crunch during the upcoming winter heating season. The report notes that U.S. gas supplies could be pressured if the 2008 winter is as severe as the 2007 winter. CNBC.com carries the...
NATS: U.S. Natural Gas Prices Approaching European Levels
Posted on May 8, 2008 in Markets and Competition | Comments Off on NATS: U.S. Natural Gas Prices Approaching European Levels
NATS reports in its LNG Week in Review that preliminary data indicates that U.S. natural gas prices rose during this week, narrowing the spread between U.S. and U.K./Northern European prices. [Subscription...
Duke Energy CEO: Coal-Fired Electricity Plants Could Prevent Tying Electricity Prices to Global LNG and Oil Markets
Posted on May 7, 2008 in Markets and Competition | Comments Off on Duke Energy CEO: Coal-Fired Electricity Plants Could Prevent Tying Electricity Prices to Global LNG and Oil Markets
Platts LNG Daily reports that James Rogers, chairman, president, and CEO of Duke Energy, told an industry conference yesterday that the United States needs to build additional coal-fired power plants in order to avoid creating stronger links between U.S. electricity prices and the global oil and LNG markets. [Subscription...
EIA Revises 2008 U.S. LNG Import Forecast Downward
Posted on May 7, 2008 in Markets and Competition | Comments Off on EIA Revises 2008 U.S. LNG Import Forecast Downward
In its Short-Term Energy Outlook released yesterday, the Energy Information Administration adjusted its previous forecast for U.S. LNG imports in 2008 from 680 Bcf to 580 Bcf. The EIA cited continued high prices in Asia and Europe compared with price levels in North America, and recent delays in liquefaction operations as reasons for the decreased LNG import...