U.S. natural gas demand is at an all-time high and expected to keep rising - and...
- U.S. natural gas demand is at an all-time high and expected to keep rising - and yet, prices are falling.
But gas production is at a record high and expected to keep growing. Demand is rising as power generators shut coal plants and burn more gas for electricity and as rapidly expanding liquefied natural gas terminals turn more of the fuel into super-cooled liquid for export. Gas speculators last week boosted their net short positions to the highest on record, according to the U.S. Commodity Futures Trading Commission.The market is expecting a big boost in gas output this fall after Kinder Morgan Inc’s Gulf Coast Express pipeline comes online in September and releases some of the gas currently stranded and being burned in the Permian.
“Negative $9. I’d be happy taking it all for $1,” Gentle said earlier this year at a conference. Tellurian is developing the Driftwood LNG export plant in Louisiana and pipelines to transport gas from fields like the Permian to the Gulf Coast.The rising production has offset a nominally bullish factor like persistently low inventories. While recent declines in oil and gas prices have prompted energy firms to cut spending on new drilling, a drop in production growth is still considered far away.
Meanwhile, U.S. power generators’ gas use may be peaking, rising to an expected record 30.6 bcfd in 2019 but then falling to 29.6 bcfd in 2020 as renewables produce more electricity, EIA data shows.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
How yuan-dollar became the world’s most closely watched asset priceIf things were fine when the yuan was 6.99 to the dollar, why did all hell break loose when it hit 7.01?
Baca lebih lajut »
Report: Some Day Cares Still Use Recalled Fisher Price Rock ’N Play SleepersThe item was recalled in April after it was linked to dozens of infant fatalities.
Baca lebih lajut »
Disney to bundle Disney+, Hulu, ESPN+ at popular Netflix priceDisney to bundle Disney+, ESPN+ and Hulu streaming servives and offer it to clients for $13 a month in a move to woo away Netflix customers
Baca lebih lajut »
Disney to bundle Disney+, Hulu, ESPN+ at popular Netflix priceWalt Disney Co on Tuesday said it would offer a $13-per-month bundle of its thre...
Baca lebih lajut »
Roku Posts More Stellar Results In Q2 As Stock Price Continues To SurgeRoku shares jumped in after-hours trading Wednesday, adding to their already surging value, after the streaming specialist reported another stellar quarter of growth. In its fiscal second quarter, …
Baca lebih lajut »
Beyond Meat's stock briefly falls below secondary offering priceShares of Beyond Meat fell Thursday, briefly pushing its stock price below its secondary offering price.
Baca lebih lajut »