U.S. natural gas futures slipped on Sept. 16, pressured by a larger-than-expected storage build last week and forecasts for slightly lower demand through next week.
Officials at Berkshire Hathaway Energy on Sept. 15 confirmed the pipeline and compressor station maintenance at its Cove Point LNG export plant in Maryland would start but did not confirm the shutdown of the liquefaction plant.
Energy traders said that likely means the plant was returning to service. LNG facilities liquefy natural gas into super-chilled LNG and also use the gas to fuel operations.
Venture Global CEO Mike Sabel said "pivoting towards cleaner natural gas from the United States will not only increase Poland's energy security but also decrease its carbon emissions."
Coal demand will fall 62% by 2050 but the energy transition is moving too slowly to achieve the goal of slowing global warming sufficiently, DNV forecasts.
Pressures to reduce carbon emissions might curtail new supply to energy markets.
The contract comes a month after Chevron and its partners agreed to go ahead with a $4 billion project to improve gas recovery from offshore wells and keep the huge LNG plant filled for 40 years.
The company has delayed FID due to the pandemic and adjustments needed due to climate change.
Something unusual is happening on the way to 2022. The “shoulder months” are barely shoulder months. A one-year wonder or a new gas paradigm? Outlooks are favoring the latter. Here’s why.
With state-owned refineries completing overhauls, the number of refineries resuming operation is gradually increasing, analysts said.