Natural Gas News – January 31, 2020

Alan Apthorp

Nat Gas News

A Way to Halt Natural Gas Flaring Arrives on the Back of a Truck

Perched on the back of a semi-trailer is the latest weapon in tackling the problem of wasted natural gas that oil producers often vent into the air or even burn off at the wellhead. Cryobox takes fuel directly from wells and turns it into liquefied natural gas, which is easy to store and transport. For small gas fields uneconomical or too distant to connect to a traditional pipeline network, this small-scale LNG plant is a solution to absorb fuel that would otherwise be wasted. That also makes it a way to prevent greenhouse gas emissions that contribute to global warming and solve a growing problem for the industry. Wherever oil is produced, gas often follows. If there aren’t enough customers to take it away, the gas is often treated as a waste product and either burned off at the wellhead or allowed to escape into the air—flared or vented in the jargon of the industry. For more on this story visit finance.yahoo.com or click https://yhoo.it/31bO8Q

Corning Natural Gas Holding Corporation Increases Dividend for Eleventh Consecutive Year 

Corning Natural Gas Holding Corporation’s (Other OTC: CNIG) Board of Directors declared a common stock dividend for holders of record March 31, 2020. The common stock dividend of $0.1525/share, which is equal to an annualized rate of $0.61/share, is an increase of 5.2 % from the annualized rate of $0.58/share in 2019. “This is the 11th consecutive year the company has increased its dividend since reinstituting the cash dividend payment in 2009,” stated Mike German, CEO for the Company. The board also approved its 6% Series A Cumulative Preferred Stock and Series B Convertible Preferred Stock dividend for shareholders of record on March 31, 2020, payable on or about April 14, 2020. CNGHC is the parent company of Corning Natural Gas Corporation and Pike County Light and Power. CNGHC also owns 50% of Leatherstocking Gas Company and Leatherstocking Pipeline Company. For more on this story visit finance.yahoo.com or click https://yhoo.it/2UcbVyw

 

Natural Gas News – January 24, 2020

Ashley Fisher

Nat Gas News

U.S. LNG Booms As Natural Gas Prices Crash

Natural Gas Intel reported: Despite the current oversupply and depressed natural gas prices all over the world, the global liquefied natural gas (LNG) market is set for further growth, at least into the middle of this decade, as suppliers sanction new projects and major buyers ramp up imports. Last year, Australia beat Qatar to become the world’s largest LNG exporter, in one of the milestones in the industry in 2019, IHS Markit said in a new report. Yet, Australia will likely keep that title for just a couple of years, before the United States becomes the world’s biggest LNG producer in 2023. This development shows how the LNG industry has evolved over the past half-decade and how the surge in U.S. natural gas production and export capacity expansion is upending the market. For more on this story visit oilprice.com or click https://bit.ly/36mcBE0

The Rise of Distributed Natural Gas Generation

Power Magazine reports: The power sector has increasingly turned to various forms of distributed generation to meet growing power demands over the past several decades. Although solar PV and other renewable technologies receive most of the coverage, they represent only a fraction of the distributed market. Diesel generator sets (gensets) have long been the face of distributed generation. However, as a result of various factors, including increasingly stringent environmental regulations and cheap natural gas, the market is opening to other technologies. The main beneficiaries of this market shift are natural gas-powered technologies, such as natural gas gensets,
fuel cells, and microturbines, otherwise known as distributed natural gas generation (DNGG) technologies. Navigant Research, a Guidehouse company, expects the DNGG market to reach $6 billion in annual revenue and roughly 18,000 MW of annual capacity additions by 2028. The key market driver for DNGG technologies is demand for compact, resilient, dispatchable power—a phenomenon that has remained relatively constant for many decades. Overall, the demand for distributed reliable power is growing globally. For more on this story visit powermag.com or click https://bit.ly/2vkvgDi

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