US equipment-maker and services firm Baker Hughes warns against US losing its leadership role in LNG sector
Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, said the United States was in danger of surrendering market share in the production and export of LNG to replace coal in Asia and elsewhere to make a cleaner environment.
US exporter Cameron LNG plans to negotiate new terms with power provider Entergy ahead of expansion
Cameron LNG, the US plant operated by Sempra, has signed an accord with power company Entergy Louisiana to negotiate the terms and conditions for a new electric service agreement (ESA) to reduce the liquefaction and export plant’s Scope 2 emissions from the electricity it purchases from Entergy.
US forecasts drop in benchmark Henry Hub price amid jump in natural gas production
The US benchmark Henry Hub natural gas spot price averaged $2.95 per million British thermal units in March, up 26 cents per MMBtu from February with increases caused by colder-than-normal temperatures and lower storage inventories, though prices are forecast to drop in the next year as output soars.
US natural gas production on track for new records and strong growth may curb price rises
US natural gas production rose to an average of 86.9 billion cubic feet per day in October and despite low storage levels, the government expects strong growth in US gas output to put downward pressure on prices in 2019.
