Natural Gas News – February 11, 2019

Natural Gas News – February 11, 2019

US, Russia Compete for EU Natural Gas Market

Daily Sabah reported: The global markets for natural gas and liquefied natural gas (LNG) are currently seeing an increase in the number of new producers. Natural gas’ geopolitical importance is also on the rise and it will increase its share of the energy basket of countries by 2040 as countries with natural gas resources seek to increase their share of the LNG market. The share of natural gas and volatile energy in the global energy market rises every day. In 2016, LNG’s contribution to the global gas market was 42 percent, and according to the International Energy Agency (IEA), will reach 53 percent in 2040. Of countries that export LNG, Qatar has the largest export share. In 2017, of 264 million tons produced in the world, 77 million tons came from Qatar. Currently, countries such as Australia, Russia, the U.S. and Mozambique have made huge investments in to increase their market share. In the shadow of the shale gas revolution and technology and innovation, the U.S. has quickly become one of the largest manufacturers of LNG, For more on this story visit dailysabah.com or click https://bit.ly/2WWxzG3

Pennsylvania Halts Permits for Natural Gas Pipelines

WECT News reported: Pennsylvania is halting construction permits for natural gas pipelines operated by Texas-based Energy Transfer LP, as the governor on Friday said the company has failed to respect the state’s laws and communities. The state Department of Environmental Protection said Energy Transfer is not fixing problems related to an explosion last year, and piled yet another penalty onto a company project in the state. State agencies already have imposed millions of dollars in fines and several temporary shutdown orders on Energy Transfer projects, while a county prosecutor is demanding documents from the company. “There has been a failure by Energy Transfer and its subsidiaries to respect our laws and our communities,” Gov. Tom Wolf said in a statement Friday. “This is not how we strive to do business in Pennsylvania, and it will not be tolerated.” For more on this story visit pennlive.com or click https://bit.ly/2UQKqaI

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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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