NATS: Global LNG Market “Strengthening” Link Between Oil and Gas Prices in United States
Posted on May 5, 2008 in Markets and Competition | Comments Off on NATS: Global LNG Market “Strengthening” Link Between Oil and Gas Prices in United States
Late last week, NATS offered analysis of the latest LNG import figures released by the U.S. Department of Energy and commented that the trend of aggressive LNG purchasing by Japan, South Korea, and Spain is affecting the U.S. gas market. According to NATS, because Japanese and South Korean gas markets are so closely linked to the oil market, their activities in the LNG market is...
Speaker: U.S. Gas Industry Will Likely Adjust LNG Import Contracts to Adapt to More Flexible Global Market
Posted on May 2, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Speaker: U.S. Gas Industry Will Likely Adjust LNG Import Contracts to Adapt to More Flexible Global Market
Platts LNG Daily reports that a speaker at the Energy Bar Association (EBA) Annual Meeting told the group that he expects natural gas companies to adjust their current LNG import contracts in order to adapt to a more flexible global gas market. In particular, contracts that were originally tied to a single LNG terminal are now being re-examined so that importers can access multiple...
Economists Predict Higher Natural Gas Prices with Increased LNG Imports
Posted on May 1, 2008 in Markets and Competition | Comments Off on Economists Predict Higher Natural Gas Prices with Increased LNG Imports
Two economists for the U.S. Federal Reserve Bank of Dallas predict that, as LNG imports to the United States increase, gas prices in the U.S. market will trend towards the higher prices seen in the global LNG market. According to Platts LNG Daily, the economists wrote that “[o]nce LNG imports become the marginal source of U.S. supply, much higher international natural gas...
NATS: As U.S. Natural Gas Prices Rise, Spread Between U.S. and U.K. Price Levels Narrows
Posted on Apr 30, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: As U.S. Natural Gas Prices Rise, Spread Between U.S. and U.K. Price Levels Narrows
NATS noted in its market comments released yesterday that as NYMEX natural gas prices rise in the United States, the spread between the U.K. and U.S. gas price levels has narrowed “considerably.” NATS suggests that should U.S. gas traders conclude that current gas inventory levels in the United States are insufficient , imports may increase at the soon-to-be...
Power Generators’ Trade Group Concerned About Gas Composition of LNG Imports
Posted on Apr 29, 2008 in Gas Composition, Markets and Competition | Comments Off on Power Generators’ Trade Group Concerned About Gas Composition of LNG Imports
According to Platts LNG Daily, Angela O’Connor, president of the New England Power Generators Association, expressed concern that new sources of LNG being imported into New England may result in changes in gas quality that potentially could affect electric reliability. [Subscription...
Company Official: Cheniere May Sell Entire Company
Posted on Apr 28, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Company Official: Cheniere May Sell Entire Company
Platts LNG Daily reports that a company official from Cheniere Energy, speaking on the condition of anonymity, said that the firm is contemplating selling all or parts of the company. [Subscription...