Natural Gas News – March 8, 2018

Natural Gas News – March 8, 2018

U.S. LNG Exporters Reshaping Global Natural Gas Markets

Forbes reported: As the liquefied natural gas trade continues to grow and importers gleefully note incremental volumes of U.S. cargoes in a market that saw nearly 300 million tons change hands in 2017, the relatively new American exporters at the center of it all are invariably bringing profound changes along with them in a variety of ways. Merely five years ago, importers Japan, South Korea and China collectively made up two-thirds of global LNG demand, and exporters Qatar, Australia and Malaysia collectively met around two-thirds of global demand. In the main, the importers mix hasn’t altered much, except that China has overtaken South Korea as the world’s second-largest LNG importer, and will in all likelihood overtake Japan as well in the not too distant future, according to Royal Dutch Shell. But the exporters’ club has been rocked by the abundance of U.S. natural gas, and the next wave of American LNG exporters are rocking the market. For starters, an impact on supply contracts in Asia and Europe is already being felt, according to much of the discourse at IHS CERA Week 2018; one of the industry’s premier jamborees in Houston, Texas, U.S. For more on this story visit forbes.com or click http://bit.ly/2IdlCV8

Shell’s Gas Production Could Be Triple Oil By 2050 CEO

Reuters reported: Royal Dutch Shell could boost its share of natural gas production to triple that of oil in order to meet self-imposed goals to halve carbon emissions by 2050, Chief Executive Ben van Beurden said on Wednesday. Speaking at the CERAWeek conference by IHS Markit in Houston, van Beurden outlined a series of measures the Anglo-Dutch company is considering to meet the ambitious targets. “Over time, this net carbon footprint ambition will transform our company’s product mix,” van Beurden said. For more visit reuters.com or click http://reut.rs/2HdJQNx