Natural Gas News – February 28, 2018
Natural Gas News – February 28, 2018
Natural Gas To Become Primacy Source Of Energy In Latin America
Oilprice.com reported: On Thursday, February 1, Hon. Alfonso Blanco Bonilla, Executive Secretary of the Latin America Energy Organization (OLADE), presented the energy outlook for 2018 to the 2nd Latin America Energy Forum, organized by the Houston Energy Club. OLADE is a public intergovernmental organization founded in 1973, composed of 27-member countries which are represented by their Ministers of Energy. Hon. Blanco discussed the current situation in the energy sector in Latin America and the Caribbean, highlighting the fact that the total electricity supply per capita in the region has increased in the region, up to 3% over the past five years in the Southern Cone. Chile, Argentina, Brazil and Mexico are the largest importers and consumers of natural gas, while Trinidad and Tobago and Peru are the main exporters. Chile relies primarily on liquefied natural gas imports from the United States and it has recently built several regasification plants along the Pacific Coast. Brazil also has 3 regasification plants in the Atlantic coast to import LNG. For more on this story visit oilprice.com or click http://bit.ly/2CNHC4Z
Natural Gas Price Analysis for February 28, 2018
FX Empire reported: Natural gas prices rebounded again on Tuesday and continues to consolidate above support following the recent tumble in prices. This comes as reported withdrawals out of storage were higher than the median of analysts’ expectations. Demand has been subdued but it might pick up as colder than normal weather is expected to cover most of the United States over the next 8-14 days. During the latter half of February temperatures were higher than normal during the storage week throughout most of the Lower 48 states. Temperatures in the Lower 48 states averaged 39 degrees Fahrenheit. For more visit fxempire.com or click http://bit.ly/2FEJvUB
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