Greek energy firm Energean has made a vast discovery of 28-42 billion cubic meters (Bcm) of natural gas at the North Karish field off Israel’s northwest coast, the company said on April 15.
NGL like ethane and propane continue falling as inventories continue to rise.
The increase in Canadian imports and decrease in Mexico exports helped ensure that trade fundamentals remain unchanged.
The U.S. will drive growth in North America’s newbuild underground gas storage industry between 2019 and 2023, contributing around 95% of the working gas capacity growth in the region, according to GlobalData on April 4.
With winter over, Stratas Advisors projects a report showing a 10 Bcf natural gas build.
Waha Hub spot prices tumble to -$3.38/MMBtu, setting a record for the spread to Henry Hub.
Octávio Simões, an industry veteran with more than 30 years of experience who most recently led Sempra LNG, will serve as senior adviser to Tellurian CEO Meg Gentle
Since surpassing coal as the dominant power generation fuel in 2016, natural gas has been furthering its lead. However, renewables are expected to surpass gas in the future.
With many final investment decisions being postponed, the oil sector could struggle to meet demand going forward.
Meanwhile, gross natural gas production in the U.S. Lower 48 fell for the first time in a year, sliding in January from a record high the month before, says the EIA.
