UK shale-gas companies could supply volumes in 18 months and with communities sharing in gas revenues
Two of the UK’s leading shale-gas companies, IGas Energy and Cuadrilla Resources, have welcomed the Government’s commitment to domestic gas production and repeated their pledge to give a share of revenues to local people near the existing likely shale-gas production sites in the North of England.
Asian LNG prices and European values stay above $5.00 per MMBtu level as winter demand gathers pace
The US exported 14 liquefied natural gas shipments for a second straight week amid Gulf of Mexico restrictions because of a hurricane warning, while Asian and European LNG values increased for the Northern Hemisphere winter cargo market.
Rising European and Asian LNG values and Gulf Coast LNG futures will add momentum to winter market
The US exported 14 liquefied natural gas shipments in the past week, four more than the previous week, as rising European and Asian LNG values and increasing Gulf Coast LNG futures prices were expected to give some momentum to the winter cargo market.
Oil prices drop to two-month low under $40 a barrel as LNG prices and indicators also lose ground
North Sea Brent crude oil prices dropped under $40 per barrel after previously staying in the $41-$45 a barrel range for the previous two months, while spot LNG and natural gas prices declined on demand concerns related to the slowing economic recovery in China and Europe.
US prices mirror torpid LNG market while higher pipeline exports to Mexico offset by Canadian imports
Seven LNG shipments left US plants in the past week compared with eight in the previous week while pipeline natural gas exports to Mexico increased 6.4 percent and feed-gas for plants on the Gulf Coast rose by 18 percent, boosting prices in the region.
