US forecasts Henry Hub natural gas spot price of $8.69 per MMBtu while LNG exports rise 22 percent
The US government has forecast average Henry Hub benchmark natural gas spot prices of $8.69 per million British thermal units in the third quarter as LNG exports rise 22 percent in 2002 with Europe being the main destination.
Wisconsin LNG tanks
Jan 12 (LNGJ) - The US liquefied natural gas LNG storage business CB&I has been contracted to design and build tanks for peak-shaving facilities in Bluff Creek and Ixonia in the southeast of the US state of Wisconsin. “Demand for natural gas fluctuates daily and seasonally,” said Cesar Canals, Senior Vice President of CB&I.
“By storing LNG when demand is low, energy companies can ensure adequate supply when demand is at its peak - which are normally the coldest days of winter in Wisconsin,” added Canals whose company is a subsidiary of engineering firm McDermott. CB&I built the first LNG peak-shaving facility in North America in 1965 and which is still in operation.
US LNG export surge means 36 percent rise in feed-gas and double that by year-end of 2020
The United States expects daily natural gas requirements for LNG exports to increase by 36 percent during most of 2020 compared with 2019 and even higher by the end of 2020 as more liquefaction capacity comes on stream and existing plants ramp up production.
Chart Industries of US is given boost by global demand for LNG equipment as investment rises
Chart Industries, the maker of equipment for the liquefied natural gas and industrial gas industries, posted a surge in revenues as it benefited from orders across all sectors from large liquefaction plants to small-scale LNG while benefiting from contributions from its acquisitions.
