The Gulf Coast gas storage market today is a different animal, marked by steeper prices, an emphasis on high injection and withdrawal rates, and a looming capacity shortfall. How did we get here, which market players are shaping things the most, and how much new gas storage is likely to get built?
The trade press has become increasingly skeptical about whether Europe can adequately replenish its underground natural gas reserves in time to meet critical storage targets. Today, we explain why Europe, and Germany specifically, finds itself in a precarious situation and what might be done.
Far from resting on its laurels, ExxonMobil has weathered multiple industry cycles to drive continual output growth. Today, we analyze how that has unfolded since 2020, where ExxonMobil is investing today, and why the Permian, Guyana and LNG-dedicated assets are defining its upstream future.
A natural gas pipeline deal that gives privately held Esentia Energy a complete, start-to-finish link between the Permian Basin and Mexico’s Pacific Coast is highlighting a heretofore under-the-radar LNG project being planned at the end of that now-1,400-mile pipeline system.
Ksi Lisims LNG has signed a Heads Of Agreement (HOA) with British energy company Centric Energy for 1 MMtpa of LNG (approximately 135 MMcf/d) for a term of 20 years, on an FOB basis, subject to the completion of a Sale and Purchase Agreement (SPA), according to a September 30 press release.
The big news this week may have been the FID on LNG Canada’s Phase 2. But that announcement will have even larger upstream impacts, including a major expansion to the Coastal GasLink pipeline, more drilling in the Montney Formation, and more condensate production for the Alberta oil sands.
The Permian has up to 11 Bcf/d of new natural-gas takeaway capacity scheduled to enter service through the end of 2029, with still more coming into the early 2030s. The central question is whether natural gas growth from Permian oil development will fill that capacity and, if so, how quickly.
Just a few years ago, natural gas storage capacity along the Gulf Coast was widely available at low cost, but that has all changed. A storage-capacity shortfall is looming as new LNG export facilities come online, and the competition among storage developers is heating up. There will be winners and losers.
The North American energy landscape has changed dramatically since our first School of Energy way back in 2013, but the need to understand market fundamentals has not. Today’s blog includes key highlights (and some blatant plugs) for a newly available replay of our recent conference in Houston.
The Permian Basin has likely seen the last of negative natural gas prices for years to come, now that new pipeline capacity is in place. But how can we be sure? Today, we’ll highlight the importance of gas-flow analysis and pipeline modeling and preview our upcoming Natural Gas Master Class.
