Natural Gas News – October 5, 2020

Natural Gas News – October 5, 2020

US mediation on maritime border with Israel could help gas exploration: Lebanese Speaker

The US is mediating between Lebanon and Israel on the demarcation of their maritime border, and a deal could help Lebanon explore for oil and gas in Blocks 8 and 9 in the Mediterranean, Lebanese House Speaker Nabih Berri was quoted as saying Oct. 1, by the state-run national news agency. “The US is exerting maximum efforts in order to manage the negotiations and successfully conclude them as soon as possible,” Berri said. The conflict between Israel and Lebanon had prevented Beirut from starting exploration in Blocks 8 and 9, which lie in disputed waters. “We welcome today’s
announcement by Israel and Lebanon on their agreement to begin discussions on the maritime boundary,” US Secretary of State Mike Pompeo said on twitter. “This offers the potential for greater stability, security, and prosperity for citizens in both nations.” For more on this story visit spgglobal.com or click https://bit.ly/3ivngSU

Japan remains biggest buyer of US LNG for second month in September as prices rise: Platts cFlow

Japan was the largest buyer of US LNG in September, in line with August, and Chinese deliveries picked up as US Gulf Coast netbacks from Asia strengthened from lows seen during the height of the summer, showed data from cFlow, S&P Global Platts trade-flow software. Elevated spreads from the Dutch TTF and Platts JKM, the benchmark for spot-traded LNG deliveries to northeast Asia, should incentivize robust US exports this fall as capacity holders race to generate cash flow before the year wraps up. Feed gas deliveries to major US liquefaction terminals totaled 7.1 Bcf/d on
Oct. 2, up approximately 100 MMcf/d from the day before, S&P Global Platts Analytics data showed. For more on this story visit spglobal.com or https://bit.ly/3niFMRQ

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