Nat Gas News – October 18, 2017

Nat Gas News – October 18, 2017

Daily on Energy: Thank Mexico for Natural Gas Exports

Washington Examiner reported: U.S. A NET EXPORTER THANKS TO MEXICO: The United States is now exporting more natural gas than it is importing thanks to demand from Mexico, the American Gas Association’s analysis wing said Tuesday. The U.S. is export-ing 4 billion cubic feet per day to Mexico, Chris McGill, head of the trade group’s analysis arm, told reporters Tuesday morning as he discussed the outlook for the winter heating season. On top of the demand from Mexico, shipments of liquefied natural gas to Asia and elsewhere are at “more than 2 billion cubic feet per day,” he said. And since Canada is shipping 5 billion cubic feet per day of gas to the U.S., “we are actually, today, a net exporter of natural gas,” he said. For more visit washingtonexaminer.com or click http://washex.am/2grAsOO

Japan Offers $10 Billion to Support Asian LNG Growth

Platts reported: Japan has announced a $10 billion public-private initiative to support the expansion of Asia’s LNG markets, as the world’s largest LNG consumer aims to develop new demand centers, able to absorb growing global supplies. The initiative will provide financial support to projects supplying LNG to Asia, or supporting demand creation in the region, which already accounts for over 70% of global consumption, Japanese Minister of Economy, Trade and Industry Hiroshige Seko said Wednesday. “Japan will continue to work towards developing liquid LNG markets in Asia, seek specific actions towards creating LNG demand by new LNG utilization measures such as LNG bunkering, and contribute to building international consensus on the benefits of LNG,” Seko said. The initiative is part of the second phase of METI’s LNG market liberalization campaign, aimed at increasing cooperation with global LNG players to promote liquidity, flexibility and transparency in the LNG markets. For more on this story visit platts.com or click http://bit.ly/2zxun80

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