The environmental footprint of LNG is under increasing scrutiny. Despite emitting about half the carbon dioxide (CO2) of coal when combusted, the LNG value chain remains highly carbon intensive and plagued by methane losses. The EU has extended its Emission Trading Scheme (ETS) to shipping, meaning that LNG cargoes into Europe will be subject to a carbon tax from 2024. But the fear is that if goes one step further and tightens it methane regulation or includes LNG in its Carbon Border Adjustment Mechanism (CBAM) then a two-tier, imbalanced global LNG market would result. Source: Wood Mackenzie
This report finds that although natural gas demand increased, primarily for purposes of power generation and exports, record natural gas production caused prices to decline from 2022 levels at all major U.S. gas hubs. Prices at major natural gas hubs declined year-over-year in 2023, in contrast with the year-over-year price increases seen at most hubs in 2022. Record-high natural gas production outpacing growth in natural gas consumption was the primary driver of lower prices in 2023. Regarding natural gas infrastructure, the growth of LNG exports has supported pipeline construction in recent years in the South-Central region, which spans from Kansas […]
The ‘Pause’ does not look great from an external point of view. Certain projects are facing uncertainty and delays. The U.S. credibility as a long-term stable supplier in the global market is in limbo..
In January 2024, the United States exported 673.9 Bcf and imported 331.3 Bcf of natural gas, which resulted in 342.6 Bcf of net exports. U.S. LNG exports to the top five countries of destination accounted for 49.1% of total U.S. LNG exports. The top export destinations were: United Kingdom (42.9 Bcf, 10.8%), Turkiye (42.7 Bcf, 10.8%), Netherlands (41.9 Bcf, 10.6%), Spain (38.8 Bcf, 9.8%), and France (28.0 Bcf, 7.1%)
In the red corner is a large new wave of LNG supply, backed predominantly by North American & Qatari gas....
The Northeast Asian assessed spot LNG price JKM for the previous week (18 March – 22 March) rose to nearly...
Waha gas prices in the Permian spent most of their time in March in negative territory, with prices averaging at...
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