Natural Gas News – October 12, 2023
Natural Gas News – October 12, 2023
Record Gas Exports For U.S. In The First Half of 2023
The United States exported more natural gas in the first half of 2023 than it did in the same period of any previous year, according to the U.S. Energy Information Administration (EIA). Natural gas exports averaged 20.4 billion cubic feet per day (Bcf/d), 4% (0.8 Bcf/d) more than in 1H22, according to the EIA’s Natural Gas Monthly. Liquefied natural gas (LNG) exports largely drove the continued growth in total natural gas exports, although natural gas exports by pipeline also increased. The United States began exporting LNG from the Lower 48 states in 2016 when Sabine Pass LNG—the first LNG export terminal in the Lower 48 states—came online.The United States became a net
natural gas exporter (natural gas exports exceeded natural gas imports) in 2017 for the first time since 1957. In May 2023, U.S. net natural gas … For more info go to https://tinyurl.com/jnaeehav
Natural Gas Sees Small Rebound As US CPI Points To Energy Uptick
Natural Gas prices are recovering a touch as the Greenback rallies with a higher monthly overall inflation print against expectations. The earlier correction comes after heading higher on the back of supply worries stemming from tensions surrounding the Israel-Hamas conflict. The closure of the Tamar gas field should not be an issue
with European gas storage now at 97% capacity. This should mean that demand will remain low and might even go lower, counter-balancing the risk of supply issues due to the Tamar gas field closure and possible labor strikes in Australia. Meanwhile, the US Dollar (USD) is at a crucial point in terms of positions as its summer rally
quite abruptly came to a halt and took a turn for the worse. The US Dollar was unable to advance substantially on Monday when risk-o…For more info go to https://tinyurl.com/2kkw3khf
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