Natural Gas News – March 20, 2018

Natural Gas News – March 20, 2018

Trump’s Tariffs Could Squeeze U.S. LNG Ambitions in China

Tribune-Review reported: New tariffs on Chinese imports could make it harder for U.S. liquefied natural gas exporters to tap into China’s booming market and raise billions for the next generation of Gulf Coast LNG facilities. If the Trump Administration follows through on plans to impose tariffs targeting roughly $60 billion in Chinese goods per year, the new trade policy could further complicate a complex relationship and add another layer of risk that could scare off investors already jittery about doing business with China. China’s demand for liquefied natural gas is surging as the government attempts to lower the country’s carbon dioxide emissions by using gas for power generation, instead of coal. Spot LNG prices in Asia climbed to the highest point in three years in December, as buyers gobbled up record amounts of gas in the wintertime, according to S&P Global Platts. Chinese demand for LNG, which makes up 20 percent of the global market, is set to rise from 40 million tons to 100 million by the early 2020s, analysts said. For more on this story visit houstonchronicle.com or click http://bit.ly/2G4IaZX

Natural Gas Price Fundamental Daily Forecast – Trader Reaction to $2.688 Will Determine Direction Today

FX Empire reported: Natural gas futures closed lower on Monday as investors chose to ignore the latest weather system hitting the Northeast and instead have probably decided to focus on improving conditions later in the month. Basically, traders are saying the current weather system is fast moving and not likely to lead to lingering sub-freezing temperatures. Furthermore, there is plenty of gas around so the demand will not be strong enough to substantially draw down supply. For more on this story visit fxempire.com or click http://bit.ly/2IDXE5E

 

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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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