Natural Gas News – June 5, 2018
Natural Gas News – June 5, 2018
Growing US Shale Production Reshaping Global LNG Market
Oil & Gas Journal reported: The US gas market is undergoing a structural shift that threatens to shake the established global LNG order. In 2017 the US became a net exporter of natural gas for the first time in 60 years. Driven by a combination of increased shipments to Mexico, and growing throughput at the Sabine Pass LNG export terminal, net exports averaged around 0.4 bcfd in 2017, compared to 1.8 bcfd net inflows in 2016. Growing shale production underpins the market shift. In addition to fueling exports, the supply abundance is altering the landscape of domestic demand through an expansion in natural gas electricity generation and industrial use. Short term, the abundant supply has weighed heavily on Henry Hub prices, and the incremental export demand has done little to change this. And medium-term prospects for significant LNG export demand come on the heels of a 5-year expansion in domestic natural gas generation capacity. This article details how the coming combination of domestic and export demand will inject much needed bullishness into the market. For more on this story visit ogj.com or click https:// bit.ly/2JqCCKO
Natural Gas Leak Causes Some to Evacuate Their Homes
WJHG reported: Some Panama City homes were evacuated Monday afternoon due to a natural gas leak. It happened near the 1100 block of Lindenwood Drive just before six in the afternoon. A crew doing some road work dug too deep and ruptured a gas line. The smell of natural gas filled the air and fumes could be seen in the area. “[I’m] ’bout to take my family and kids and get out of here for a little while cause it’s blowing all over our house. But we were smelling it real bad, we stepped outside and we seen the fire trucks and everything. Then we seen all the gas is just… you can see it’s just covering our whole house, blowing right on it so I had to get them out of here,” said one local homeowner. For more on this story visit wjhg.com or click https://bit.ly/2JgetDl
This article is part of Daily Natural Gas Newsletter
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