Natural Gas News – April 11, 2023
Natural Gas News – April 11, 2023
G7 Plans To Back New Natural Gas Investments
With global energy markets upended, the G7 group of the world’s most industrialized nations is considering endorsing new upstream investment in natural gas despite climate concerns, a draft document seen by Reuters showed on Thursday. The energy and climate change ministers of the G7 members—Canada, France, Germany, Italy, Japan, the UK, and the U.S.—are holding a summit in Japan next week, at which they are expected to discuss ways to reduce emissions in the face of more pressing energy security issues. According to the draft document, the ministers will say that new upstream investment in natural gas supply will be needed to address energy security after the Russian invasion of Ukraine. “In this context, in this particular contingency, we recognize the need for necessary upstream investments in LNG (liquefied… For more info go to https://bit.ly/3UoiNpH
US Weekly LNG Exports Climb To 28 Cargoes
The EIA said in its weekly natural gas report that 28 LNG carriers departed the US plants between March 30 and April 5, eight shipments more when compared to the week before. Also, the total capacity of LNG vessels carrying these cargoes is 105 Bcf, it said. Overall weekly average natural gas deliveries to US LNG export terminals increased by 6.9 percent (0.9 Bcf/d) week over week to average 13.9 Bcf/d this report week, according to data from S&P Global Commodity Insights. Natural gas deliveries to terminals in South Louisiana increased by 3.2 percent (0.3 Bcf/d) to 8.4 Bcf/d, while deliveries to terminals in South Texas increased by 16.5 percent (0.6 Bcf/d) to 4.3 Bcf/d. The agency said that natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged. Cheniere’s … For more info go to https://bit.ly/40YLtYK
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