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...A surge in demand for electricity to feed data centres and to power an artificial intelligence revolution will usher in a golden era for natural gas, producers say....
...Rising shale supplies also helped keep the lights on in Europe following Moscow’s full-scale invasion of Ukraine in 2022, with shipments of US liquefied natural gas — previously labelled “molecules of US...
...There is so much natural gas in west Texas that prices in March turned negative....
...Liquid natural gas prices rose 300 per cent, but they are now back down at pre-invasion levels. The S&P 500 fell 18 per cent in 2022 but recovered quickly in 2023....
...US natural gas prices have plunged to a near-three-decade low as what is set to be the country’s warmest winter on record slashes demand for the heating fuel just as production surges to record levels....
...“There was a big shift against natural gas, of course, when the price was very high, and it was seen as unreliable....
...The writer is chief strategist global gas at S&P Global Commodity Insights Will Europe go back to Russian gas? The EU has vowed to give up once and for all its “addiction” to Russian gas, but will it?...
...Natural gas prices plunge as US set for its warmest winter on record....
...Steve Hill, head of liquefied natural gas trading at Shell, will depart the company after eight years....
...Oil markets are set to become “extremely tight” in the second half of this year, according to hedge fund giant Citadel, as Opec+’s control of the market allows it to keep prices high....
...These could be widely deployed in many applications — for example, providing a few megawatts for remote operations, right up to 300MW to displace current coal- and gas-fired stations....
...Gas demand from Europe’s industrial sector was down 24 per cent last year from 2019 levels, according to S&P Global Commodity Insights....
...The EU’s LNG imports from Russia stood at 20.5 billion cubic metres worth of natural gas in 2022, a jump of 30 per cent compared with 2021....
...The liquefied natural gas industry is about to enter a boom....
...Chesapeake produced 3.4bn cubic feet of gas a day in the third quarter of 2023, according to S&P Capital IQ; Southwestern produced 4bn cu ft/d....
...Combined, the companies will produce about 7.4bn cubic feet of gas a day, according to S&P Capital IQ, overtaking the current number-one producer EQT, which produces about 5.4bn cu ft/d....
...Today’s newsletter looks at a subject that has been the source of much consternation in the US over the past week: President Joe Biden’s decision to freeze permitting for new liquefied natural gas infrastructure...
...“I have trouble believing that things would escalate to the point where Hormuz becomes a problem for global oil and [liquefied natural gas] flows.” Another force in the market is Opec+....
...It costs less than $3 per kilogramme for “grey” hydrogen production from fossil fuels, S&P said in a report this year....
...The project is intended to transport natural gas from the Timor Sea to a terminal in Darwin in Australia’s north, before being shipped to Asia for use....
...It’s a matter of survival,” said Jorge Emmanuel, an adjunct professor at Silliman University, citing recent natural disasters including heatwaves, flooding and typhoons in the Philippines....
...While there has been a fall in new bond issuance from oil and gas companies since 2021, S&P attributed this to firms’ high cash levels, which have also helped them pay down debt....
...Oil and gas prices have barely budged on the recent news. Brent crude is trading a little lower than a year ago while European gas prices are down nearly 70 per cent....
...Wall Street’s blue-chip S&P 500 stock index closed 1.2 per cent lower, its sharpest daily decline since the middle of February, while the tech-heavy Nasdaq Composite fell 1.4 per cent....
...British Gas was privatised in 1986, yet its parent remains a lightning rod for public anger over energy prices....
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