Archive for the ‘Markets’ Category
With 190 conditions, Canada gave its approval to the Pacific NorthWest LNG project in western British Columbia.
BPTT investment in Trinidad and Tobago could be under threat, executive says
September 23rd, 2016 by Latest News
BP Trinidad & Tobago’s (BPTT) Pres. Norman Christie has warned the Trinidad and Tobago government that BPTT’s $5-billion investment could be under threat if it does not provide clarity on where future natural gas supplies will go and the prices they will attract.
Global political will did not match gas technology gains, forum told
September 22nd, 2016 by Latest News
Improvements in technology have increased global natural gas supplies, but delivery problems caused by US and international politics have kept vibrant worldwide markets many people expected 5 years ago from materializing, a senior fellow at the Istitut…
Major LNG exports by Egypt seen unlikely
September 21st, 2016 by Latest News
Even as production of natural gas rebounds next year, Egypt will have difficulty recovering its role as a steady exporter of LNG, says Facts Global Energy (FGE), London.
BP PLC’s Global Chief Economist Spencer Dale has forecast that the US Henry Hub will be the benchmark for global LNG prices into the future. He said US LNG will be the marginal source of global supply and therefore LNG prices are likely to be determined by prices at Henry Hub.
Moniz: US should review energy security policy to address changes
September 15th, 2016 by Latest News
It is time for the US to take a fresh, comprehensive look at its energy security policies so they reflect 21st century energy market changes, challenges, and needs, US Energy Sec. Ernest G. Moniz told a US House Energy and Commerce subcommittee.
Portugal ready to take bigger LNG transportation role, official says
September 15th, 2016 by Latest News
Europe could reduce its dependence on Russian natural gas by as much as 30% if it used more of Portugal and Spain’s LNG import capacity, a Portuguese government official told a Washington audience.
US officials report progress in developing gas off Israel, Cyprus
September 12th, 2016 by Latest News
Emphasizing that significant challenges remain, two US government officials told two US House Foreign Affairs subcommittees that progress is being made in helping Israel and Cyprus develop their offshore natural gas resources in the eastern Mediterrane…
Gazprom, Nogaholding to cooperate in LNG
September 12th, 2016 by Latest News
Gazprom and Nogaholding of Bahrain have signed a memorandum of understanding to cooperate in liquefied natural gas.
Southeast Asia energy security is long-term concern, House panel told
September 9th, 2016 by Latest News
Southeast Asia’s long-term oil and gas security remains uncertain despite current global supply abundance and low prices, the National Bureau of Asian Research’s Energy Security Program director told a US House Foreign Affairs subcommittee.