Natural Gas News – July 25, 2023
Natural Gas News – July 25, 2023
US Weekly LNG Exports Reach 22 Cargoes
The EIA said in its weekly natural gas report that 22 LNG carriers departed the US plants between July 13 and July 19, two vessels less when compared to the week before. The agency said that the total capacity of these LNG vessels is 82 Bcf. Moreover, overall weekly average natural gas deliveries to US LNG export terminals increased by 0.9 percent (0.1 Bcf/d) week over week to 12.5 Bcf/d this report week, according to data from S&P Global Commodity Insights. Natural gas deliveries to terminals in South Texas increased by 4.5 percent (0.2 Bcf/d) to 4.1 Bcf/d, while deliveries to terminals in South Louisiana decreased by 1 percent (0.1 Bcf/d) to 7.3 Bcf/d, the agency said. The agency said natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged at 1.1 Bcf/d. Cheniere’s Sabine Pass plant… For more info go to https://rb.gy/j6q6k
Demand for LNG Is About to Soar
Energy markets are in turmoil. Russia’s invasion of Ukraine has forced Europe to wean itself off Russian natural gas… In China, dams for hydropower have dried up… And energy import costs are rising. This has caused crippling power outages. That’s bad news for Europe and China. But according to friend of Legacy Research and income investing expert Brad Thomas, it’s a boon for U.S. energy exporters. And as he shows today, there’s a way to play it that pays an 8.7% yield. It’s part of the America Reborn theme I’ve been spotlighting this week. Not only are manufacturing jobs coming home as the country reindustrializes… but it’s all happening while American energy producers are scaling new heights. The economic boom that’s coming as a result will take most investors by surprise. But by acting on… For more info go to https://rb.gy/okppm
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