ExxonMobil issues comprehensive 2023 Outlook for LNG and oil and for global energy markets and policies
ExxonMobil Corp., the US major and significant participant in the liquefied natural gas business, said oil, pipeline natural gas and LNG would still make up more than half of the world’s energy supply through 2050 because the usefulness of oil and gas in meeting the world’s needs remained unmatched.
Australia regulator will not oppose US$30Bln takeover by London Stock Exchange of data firm Refinitiv
The Australian Competition and Consumer Commission said it would not oppose the proposed acquisition of Refinitiv Parent Limited (Refinitiv), the analytics and data firm covering financial and energy markets, by the London Stock Exchange Group in a £24 billion (US$31Bln) deal.
Saipem joins Arctic LNG2
Saipem has signed an agreement with Technip France and NIPIgaspererabotka to participate in the Arctic LNG2 joint venture project.
Paris-based Cedigaz says natural gas growth will outstrip all other energy sources helped by LNG
Paris-based energy consultants Cedigaz said natural gas growth in absolute terms would outstrip that of all other energy sources and the strong expansion of LNG supply and the abundance of both conventional and unconventional resources would help gas to expand its role in the energy mix to the detriment of coal and oil.
Questions raised by IEA on whether US shale-gas output for LNG exports can be maintained
The International Energy Agency questioned whether shale-gas well productivity gains in the US that will underpin growing liquefied natural gas production could be maintained at current levels in areas such as the Marcellus Shale in the northeast US.
IEA says inter-regional gas and LNG trade is set to grow by 45 percent over next 10 years
Inter-regional natural gas and LNG trade is set to grow by 45 percent over the next 10 years and by 70 percent through 2040 as overcapacity is gradually absorbed, new players enter the stage, incumbents are challenged and the market rebalances.
US Henry Hub at year high
Sept 22 (LNGJ) - The US benchmark Henry Hub natural gas spot price for next-day delivery surged to a one-year high of $3.14 per million British thermal units, up 6 cents from the previous day. The prices were being driven by higher than normal US seasonal temperatures. US natural gas futures on the New York Mercantile Exchange also traded higher, with the front-month quoted at $3.057 per MMBtu. In Europe, the UK National Balancing Point price rose as high as 35.19 pence per therm, or $4.60 per MMBtu.
Cedigaz says apparent resumption of natural gas growth can be misleading
The apparent resumption of global natural gas and LNG market growth can be misleading as the higher growth is essentially the result of a weather-driven recovery in the European Union where demand rebounded by 4.5 percent after having dropped by 11 percent, according to a new report.
