• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 23 hours "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 4 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days Demonising fossil fuels has caused major grid problem in Australia
  • 4 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 6 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 331 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Ross McCracken

Ross McCracken

Ross is an energy analyst, writer and consultant who was previously the Managing Editor of Platts Energy Economist

More Info

Tricky Times For U.S. LNG Producers

A glut of new LNG supply coming on-stream after a relatively warm northern hemisphere winter has seen spot LNG prices plunge, putting a dent in the aspirations of the next generation of US LNG plant developers seeking to raise finance.

What has not upset the applecart is rising US gas prices. US gas production has risen almost inexorably despite low prices, benefitting from the co-production of gas with shale oil. Concerns had been raised that increased LNG exports, gas-for-power generation, gas use in refining and petrochemicals and other industries, as well as significantly higher pipeline exports to Mexico would combine to push up domestic US gas prices.

Not so, Henry Hub gas prices are bumping along below $3/MMBtu, while the sharp rise in flaring and venting in the Permian basin reflects not just infrastructure constraints, but the additional capacity of gas which could be brought to market – an estimated 661 MMcf/d in the first quarter, according to Rystad Energy. This would appear to support the new wave of US LNG projects which base their business cases on the expected long-term availability of cheap, essentially surplus, US gas.

US supply-side risk

However, just because concerns about higher US gas prices have not materialized does not mean they are misplaced. Surplus US gas is not simply a product of shale.

Canada has been slow to diversify its dependence of both oil and gas production on US markets, but movement is now taking place…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News