The U.S. natural gas market may be on the verge of a big swing.
And it’s not about the talk of the town, Liquid Natural Gas (LNG).
It’s about an unexpected source of natural gas demand:
Read more: http://tinyurl.com/nhhnt6t
Tag Archives: LNG
Free Market LNG: the Next “Endless Bid?”
Liquefied Natural Gas (LNG) prices have long been linked to the price of oil—with gas priced at roughly 13% or 1/8th the price of Brent, with the details determined in confidential contract negotiations.
Asian consumers are tired of this linkage, especially since it has meant prices that are four times higher in Asia than in North America.
Read more: http://tinyurl.com/kzf7rpg
Pipelines, LNG plants linked to higher job forecast
CALGARY — Solving the oil and gas industry’s market access woes would add 20,000 extra direct jobs over the next 10 years, according to a report by an industry group.
Read more: http://tinyurl.com/mdw57sl
LNG Exports: Obama Sides with the Oil & Gas Industry
It was announced Friday afternoon, when no one was supposed to pay attention: after years of controversy, heated rhetoric, intense lobbying, and stiff opposition from some unlikely bedfellows, with multinational industrial and chemical companies weighing down one side of the bed, and environmentalists tossing and turning on the other, the Obama Administration decided in favor of the US oil and gas industry. With geopolitical ramifications.
Read more: http://tinyurl.com/m9zn5kv
LNG to become a Transport Fuel, Natural Gas Industry Set to Shift
LNG has a huge potential to be used as a transport fuel which could lead to a shift in the natural gas industry.
Friday saw the last day of the International Conference & Exhibition on Liquefied Natural Gas in Houston. A giant event that saw industry and government officials from around the world gather to discuss the potential of LNG in the future. Special interest was made to the production and delivery of LNG around the world, as well as the use of LNG as a fuel for long-haul trucking and marine transportation.
Read more: http://tinyurl.com/ct2wayp
County approves LNG production facility in Elmworth
Ferus LNG Inc. and Encana Natural Gas Inc. have approval from the County of Grande Prairie to build a 190,000 litre per day liquefied natural gas (LNG) production facility.
Construction is expected to begin in June and to be completed by the end of the year. The plan is to have it up and running in the first quarter of 2014. The facility will be located in Elmworth, 70 kilometres southwest of Grande Prairie, an area with high levels of energy industry activity.
Read more: http://tinyurl.com/byry9ka
Encana to double liquids output as gas prices stay weak
Encana Corp. (ECA-T 18.15 -1.33 -6.83%), Canada’s largest natural gas producer, said output of crude oil and natural gas liquids such as ethane and propane is expected to nearly double this year, helping the company reduce its dependence on low-margin natural gas.
The company plans to direct 80 percent of its capital budget this year towards drilling for oil and gas-liquids. It has a capital spending plan of $3 billion US to $3.2 billion for 2013. Gas production is expected to change little this year.
Read more: http://tinyurl.com/b3agg9q
Stage set for a revival of gas drilling activity in Western Canada
CALGARY — Federal approval of an export licence for Shell Canada Ltd.’s proposed liquefied natural gas plant only weeks after oil major Chevron Corp. took control of another major facility planned for the B.C. coast sets the stage for a revival in Western Canadian drilling activity that has withered amid languishing gas prices.
Read more: http://tinyurl.com/ara6flz
Encana opens first LNG facility in Alberta
EDMONTON – Encana opened its Cavalier liquefied natural gas (LNG) facility near Strathmore just east of Calgary on Tuesday, marking a milestone in the firm’s efforts to make the less expensive fuel an alternative to diesel for long-haul trucks in Canada.
Read more: http://tinyurl.com/a77oggr
New production facility to be operational by end of 2013
Encana Corporation, one of North America’s largest natural gas producers, has announced it will build a liquefied natural gas plant in the Grande Prairie area in partnership with Ferus LNG Inc.
The 190,000-litre-per-day LNG production facility will be located close to Grande Prairie, however the company isn’t yet revealing its exact location.
“We can’t give you the exact location yet,” said David Hill, vice president of operations for Encana. “We just don’t want to jeopardize the final negotiations. We have a couple of parallel tracks that we’re pursuing,” adding the final location will be announced within 30 days.
Read more: http://tinyurl.com/cjoczvf