Natural Gas News – February 14, 2019

Natural Gas News – February 14, 2019

It’s Full Speed Ahead For U.S. Natural Gas Exports

Forbes reported: Now poised for the biggest year ever in 2019, 2018 was a record breaking year for the emerging U.S. natural gas export business. Most recent U.S. Department of Energy data indicate that LNG exports hit a record of nearly 110 Bcf in November 2018. This is a 35% jump from November 2017, with so much more to come: “U.S. Liquefied Natural Gas Hits Record Highs Again. This year, we will pass Malaysia to become the world’s third largest LNG exporter (Australia could surpass Qatar to take the top spot). Currently larger than U.S. LNG sales, although holding less potential, piped U.S. gas to Mexico was also up 10-12% year-over-year. Around half of this came from two areas in South Texas, Rio Grande City and Roma. Top ranked for a long time, however, Mexico is now second to South Korea in LNG purchases from the U.S. flagship LNG terminal Sabine Pass in Louisiana (China is third). For more on this story visit forbes.com or click https://bit.ly/2Ic73VN

The Resiliency of Natural Gas Boosts Its Growth for Commercial and Residential Use

Tampa Bay Business Journal reported: When Hurricane Irma hit Florida last year, it was one of the biggest storms ever to take aim at the Sunshine State. Its wrath — while far less devastating than predicted — stripped power from nearly 7 million people. Compare that to the just over 300 customers who lost access to natural gas, and you get to one of the biggest reasons natural gas is seeing a surge in popularity in Florida and the nation, said Dale Calhoun, executive director of the Florida Natural Gas Association. Resiliency. It’s a matter of logistics, Calhoun explained. Natural gas lines are underground, protecting them from the high winds and downed trees that plague power lines when big storms hit. If your HVAC unit or backup generator runs on natural gas, you stand a good chance of maintaining your systems even during significant storms. For more on this story visit bizjournals.com or click https://bit.ly/2X1njw8

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote