Nat Gas News – January 14, 2019
Why U.S. LNG Can’t Win In Europe
Oil Price reported: When Washington imposed sanctions on companies, the move drew criticism not just from Russia but from Germany as well. The sanctions, targeting firms building the pipeline that will increase Gazprom’s export capacity for Europe, were seen as interference in Germany’s internal affairs while the legislators who approved them saw them as a tool for deterring Russia’s energy influence in Europe. For some, however, the reason for the sanctions was the U.S.’s own energy plans for Europe. The Trump administration is following an agenda of energy dominance, and this dominance has to include Europe, which is one of the biggest markets for natural
gas and, what’s more relevant to the U.S., liquefied natural gas. However, lessons from history, and that’s a history of Gazprom, would suggest that the energy dominance approach won’t work–not in Europe. Bloomberg’s Liam Denning recently reviewed a book by an IHS Markit expert on Russian energy, Thane Gustafson, titled The Bridge. The Bridge, according to Denning, contains, among other things, a cautionary tale for U.S. gas ambitions in Europe.
The global natural gas market at a CAGR of about 5% during the forecast period
Yahoo Finance reports: In 2019, the conventional segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for natural gas and increasing investments in the upstream sector will play a significant role in the conventional segment to maintain its market position. Also, our global natural gas market report looks at factors such as rising investments in upstream projects, increasing focus on unconventional exploration and production activities, and growing demand for natural gas. However, volatility in oil and gas prices, environmental concerns related to drilling, and change in energy mix may hamper the growth of the natural gas industry over the forecast period.
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