Natural Gas News – February 22, 2019
US-China Trade Dispute Puts A Chill On American Natural Gas Export Boom
CNBC r e p o r t e d : The natural gas market is emerging from winter relatively unscathed despite potentially disruptive Chinese tariffs on U.S. gas. But the ongoing trade dispute is still putting a chill on cooperation between the two energy powerhouses and threatens to side- line billions in investment. Chinese tariffs on U.S. natural gas have halted Beijing’s purchases of U.S. LNG, a form of the fuel chilled to liquid form for transport by sea. The trade dispute has also delayed at least one LNG export terminal slated for construction in Louisiana and threatens to push back the start date for other facilities.
Equinor: Natural Gas Contributes To The Low Carbon Future
World Oil reports: Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29% from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030. Equinor is the largest producer of natural gas on the Norwegian continental shelf and the second-largest gas supplier to Europe. The company also has a significant gas portfolio outside Norway. At its Gas Seminar in London today, Equinor outlines its gas position as well as its long-term market outlook.“ Global energy markets are changing. The world needs more energy, but lower emissions. Natural gas is well positioned to provide secure, competitive and sustainable energy to consumers and industry: Reducing CO2 emissions by 50% when replacing coal, providing needed back-up to renewables and offering a long-term solution for the low carbon future if converted to hydrogen,” says Irene Rummelhoff, Equinor’s executive V.P. for marketing, midstream and processing.