US natural gas price, production, exports grew from 2016 to 2017

In 2017, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $3.01 per million British thermal units, about 50 cents per MMBtu higher than in 2016. The higher prices in 2017 contributed to less consumption and increased domestic production was offset by increased exports of natural gas by pipeline and LNG cargoes, according to EIA.

Florida excluded from the US offshore oil and gas exploitation program

Ryan Zinke, Secretary of the US Department of the Interior, announced that Florida will be excluded from the recent US plan to further exploit offshore oil and gas. The decision to exempt Florida from the offshore oil and gas exploitation proposal, was made after Florida’s Governor, Rick Scott, request.

US, Portugal to boost LNG cooperation

The US and Portuguese delegations highlighted progress made in the bilateral energy relationship that could bring lower energy prices, more jobs, enhancement of Europe’s energy security and emissions reduction from the shipping sector.

Wärtsilä to equip new LNG-fueling barge in US

Finnish technology company Wärtsilä informed that it will equip a new articulated tug barge, that will be used to supply LNG fuel to cruise ships along the east coast of Florida, USA. This will be the first fueling barge with a Wärtsilä solution operating in US waters.

US launches gas exports initiative

The US Trade and Development Agency, in cooperation with LNG Allies, launched the U.S. Gas Infrastructure Exports Initiative. This Initiative aims to connect American companies to new export opportunities across the gas value chain in emerging economies.

INEOS to deliver US ethane to China

INEOS announced the agreement with SP Chemicals for the delivery of ethane from US shale gas to China. The agreement will see US ethane from shale gas shipped to China for the first time.

Shell expands marine LNG bunkering network in the US

Shell Trading has finalized a long-term charter agreement with Q-LNG Transport, LLC for an LNG bunker barge with the capacity to carry 4,000 cubic meters of LNG. As the first of its kind to be based in the US, the ocean-going LNG bunker barge will supply LNG along the southern East Coast of the country.

US proposes largest ever oil and gas lease sale

The proposal, announced by Secretary of the Interior, Ryan Zinke, covers an area of 76,967,935 acres, which is about the size of New Mexico, and is scheduled for March 2018, including all available unleased areas on the Gulf’s Outer Continental Shelf.

New project studies seaweed for fuel production

Researchers at the Woods Hole Oceanographic Institution are working to power homes and vehicles with fuel made from seaweed grown at large-scale offshore farms. The project will be funded by the US Department of Energy’s Advanced Research Projects Agency-Energy.


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