Browsing Tag

LNG

Natural gas is now truly a global market

By Irina Slav for Oilprice.com With all the drama around crude oil right now natural gas has moved outside the spotlight but there are some interesting developments there as well, and a lot more positive than what is happening in oil.…

Shell: Global LNG demand to double by 2040

British-Dutch oil and gas giant Shell saw a record 12.5% rise in demand for liquefied natural gas (LNG) in 2019, according to its annual review. In Europe, demand for LNG increased by 74%, significantly more than was forecast. The…

U.S. LNG producers fear more price drops

China has restarted talks with U.S. liquefied natural gas marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases may come too late to keep natural gas prices from falling further due to…

LNG prices fall to 10-year low

The global gas glut continues to grow worse, with LNG prices recently dropping to a 10-year low, according to oilprice.com. LNG prices in Asia recently fell below $4/MMBtu, down 40 percent from a year earlier. Prices in NW Europe (TTF)…

2019 was a record year for natural gas and LNG

2019 was a revolutionary year for the natural gas market, since the balance shifted in this sector both concerning the source of the fuel and the market shares of the companies. According to the picture of the market shortly before the end…

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