Updated Aug 22, 2024
8/22/24
Natural gas export capacity could explode within months on the Gulf Coast and in Western Canada, a signal for operators to begin ramping up activity. Still, storage is continuing to rise, and weather demand has remained tepid. What does it mean for prices? NGI’s experts have a few answers.
Global natural gas and LNG consumption continues to strengthen, supported by accelerating Asian demand and “resiliency” in the industrialized nations, Baker Hughes Co. CEO Lorenzo Simonelli said Friday.
Halliburton Co. CEO Jeff Miller during the second quarter conference call expressed cautious optimism for a rebound during 2025 in North American exploration and production (E&P).
Oil and natural gas activity in the global offshore and on international land carried Houston-based NOV Inc. during the third quarter, as the North American onshore market retreated, CEO Clay Williams said Friday.
U.S. LNG exports could reach 13.3 Bcf/d next year as developers prepare to launch the initial phases for two large-scale projects on the Gulf Coast, according to the Energy Information Administration (EIA).
North American natural gas demand is likely to grow by roughly 25% over the next 10 years and stay resilient through 2050 as the world shifts to lower-carbon energy, according to new projections from Wood Mackenzie.
Global natural gas demand is expected to remain flat in 2023 with modest growth in the Asia-Pacific region offset by projected declines in Europe and North America, according to the International Energy Agency (IEA).
TC Energy Corp. is working to expand natural gas takeaway capacity from the Western Canadian Sedimentary Basin (WCSB) amid record demand for the fuel across North America, management said.
Global natural gas consumption is expected to rebound this year as easing price volatility and rising economic activity boosts LNG imports from China and South Asia and North America’s power market continues to cut coal-fired capacity, according to the Gas Exporting Countries Forum (GECF).
Click here to listen to the latest episode of NGI’s Hub & Flow. NGI senior editors Andrew Baker and Kevin Dobbs discuss the outlook for North American natural gas prices in 2023.