Natural Gas News – December 4, 2018

Natural Gas News – December 4, 2018

Global Natural Gas Industry 2018 with BP, Gazprom, National Iranian Oil Company, ExxonMobil Dominating

Marketwatch reported: The year 2017 witnessed a significant increase in the production of natural gas worldwide. Globally, the production of natural gas increased by over 130 billion cubic meters (bcm) in 2017, or four percent – nearly double of the ten-year average growth rate. In fact, this was the fastest growth the industry witnessed ever since the financial crisis of 2008-2009. Russia witnessed the largest growth, standing at 46 bcm or over eight percent. Iran followed with 21 bcm. Australia was at 17 bcm, followed by China at 11 bcm. The recent years have seen the natural gas markets undergo several transformations. With China entering the global natural gas scene, and the United States emerging as a big player in the global LNG market, the industry is poised to undergo major growth in the coming years as natural gas demand rises as never before. For more on this story visit marketwatch.com or click https://on.mktw.net/2rih8F8

China-U.S. Ceasefire Paves Way For New LNG Projects

Oil Price reported: News broke on Saturday that the U.S. and China had reached a ceasefire in its ongoing trade war after President Trump met with Chinese President Xi Jinping at the G20 summit in Argentina. According to the White House, the U.S. will still keep in place $200 billion of tariffs on Chinese imports but will not increase those tariffs from 10 percent to 25 percent after the start of the year as originally planned. The deal will also keep, at least for now, Trump from placing another $267 billion worth of Chinese goods under tariffs. Both sides will immediately hold talks on structural changes concerning forced technology transfers made by Chinese firms on U.S. companies, intellectual property rights protection, non-tariff trade barriers, cyber intrusion concerns, cyber theft and agricultural, the White House added. For more on this story visit oilprice.com or click https://bit.ly/2Rwx3LB

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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