Nymex contract soars while US is ‘effectively abandoning’ Marcellus Shale as resource with end of pipeline
The US front-month New York Mercantile Exchange natural gas price soared to seasonal record heights before expiration as the nation saw the cancellation of one of the key infrastructure projects, the PennEast Pipeline, linked to future demand in the US Northeast for natural gas from the Marcellus Shale Basin.
US future supply of natural gas brings largest ever increase in 54-year history of assessments
The US Potential Gas Committee (PGC), a body made up of more than 800 experienced volunteer geoscientists and engineers and the American Gas Association (AGA), have announced that the nation has a 3,374 trillion cubic feet (Tcf) natural gas resource base, boosted by expanding shale-gas reserves in key basins.
Next wave of US LNG exports to point at China due to Asian nation’s energy sector challenges
The US is likely to become a larger supplier of liquefied natural gas to China once the build-out of the next wave of liquefaction and export capacity on the US Gulf Coast is completed because of continued domestic challenges in the Chinese energy and shale-gas sectors.
