Natural Gas News – June 18, 2020
U.S. Is The Surprising Winner In China’s LNG Market
The natural gas market is reeling from the triple whammy of a stubborn supply overhang, particularly in the Asia-Pacific region–which accounts for nearly two-thirds of global demand–a mild winter, and a hobbled global economy. China has emerged as a rare bright spot as energy demand in
the country remains relatively high. However, Beijing is taking advantage of the health and economic crisis to do a dramatic overhaul of its natural gas supply chains. China has shifted its attention from its traditional Central Asia supply hub further west where another natural gas and LNG powerhouse is emerging. The United States is emerging as the surprising winner as China, the world’s second largest importer of liquefied natural gas (LNG), continues to ramp up its LNG imports despite a buildup of tensions between the two nations. For more on this story visit businessinsider.com or click https://bit.ly/2Bmwtg9
Supreme Court Says Pipeline May Cross Underneath Appalachian Trail
The Supreme Court ruled Monday in favor of a pipeline company in a dispute about whether a new 600-mile natural gas pipeline could cross underneath the Appalachian Trail on federal land. The 7-2 decision overturned one part of a lower court decision that had blocked construction of the Atlantic Coast Pipeline, which is being jointly developed by Duke Energy and Dominion Energy. The proposed pipeline would run from West Virginia to population centers in Virginia and North Carolina. In central Virginia, the pipeline would cross hundreds of feet underground beneath the Appalachian Trail where the trail runs through the George Washington National Forest. For more on this story visit oilprice.com or click https://n.pr/37RetHj
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