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US natural gas production, consumption, exports achieve record in 2018

The Energy Information Administration (EIA) issued its Natural Gas Annual report for 2018, addressing that the US set a new record in natural gas production, consumption and exports that year. US natural gas increase was seen mostly in the Appalachian, Permian, and Haynesville regions.

Greece could become a bunkering hub in the east Med.

The 2019 Global Gas Report focuses on today’s gas trends, on the key factors that explain the recent developments and what will be the future outcomes in the global gas sector; Thus, the report analyzes the advantages of natural gas in Europe and highlights how European countries take advantage of it to achieve their sustainability goals.

Natural gas inventories exceed 5-year average after two years

According to EIA’s Weekly Natural Gas Storage report the working natural gas inventories in the Lower 48 states reached 3,519 billion cubic feet (Bcf) for the week ending October 11, 2019, exceeding the previous five-year average since September 22, 2017. 

Natural gas flaring increases by 11%, new data reveals

The value of natural gas flared by 80 different nations around the world has increased by 11% to hit a global peak this year of $16.4 billion, according to data intelligence firm Brainnwave. This is attributed to the dual effects of the rising price of natural gas and the increased volume of gas flared.

The road to 2050 energy transition

In the most recent Energy Transition Outlook, DNV GL presents its timeline of the next 30 years of the energy transition, which shows many astonishing milestones. Namely, the one of the key takeaways of the timeline is the peak of energy supply and demand, but there are other significant milestones as well. According to the timeline oil will peak at 2022, while 4 years later transport energy demand will peak.

How to keep emissions gap well below 2°C

In light of DNV GL’s Energy Transition Outlook 2019 launch, this infographic describes 10 measures that aim to help close the emissions gap to well below 2°C. However, DNV GL added that policies must also be developed in order to mitigate at least three fronts at the same time: higher energy efficiency, more renewables, and industrial-scale CCS.

Summer natural gas prices to be the lowest in last 20 years

In its July 2019 Short-Term Energy Outlook, the US Energy Information Administration expects Henry Hub natural gas spot prices for June, July, and August this year to average $2.37 per million British thermal units. If this happens, this price would be the lowest summer average Henry Hub natural gas price since 1998.

Vaca Muerta gas production rise results to Argentinian LNG exports

According to EIA, Argentina’s domestic natural gas production has been steadily increasing in the past three years, due to the increased production coming from the Neuquén Basin’s Vaca Muerta shale and tight gas play. Its production surpassed the 1 billion cubic feet per day (Bcf/d) in December 2018.

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