The technological advances in the oil and gas patch just keep coming. While everyone has been scrambling to catch up with the shale gas revolution, the industry has been working on another potentially massive breakthrough in gas. This one is in producing gas that has long been stranded offshore in areas too far or too small to warrant a pipeline to shore.
The debate about what might happen to spot natural gas prices as a result of the Japanese nuclear crisis rumbles on. The latest view comes from IHS Cera, and differentiates between what might happen in 2011 and in 2012-14. Read more
My last post on Japanese LNG demand and its effect on prices generated some debate from readers, so here are a few more views from a report in Petroleum Economist. Read more
It has been well documented that the damage to Japan’s nuclear capacity could lead to a spike in demand for liquified natural gas. but how much could the country need, and what could that do to prices? Read more
Shell has begun to ship liquid natural gas cargoes into Tokyo to help meet their energy demands in the aftermath of the earthquake and subsequent nuclear crisis. The first batch into the Tokyo Bay area was agreed on Monday night, and significantly for global LNG prices, it had originally been intended for elsewhere. Read more
As we reported earlier, liquefied natural gas (LNG) cargoes are being diverted to Japan to help it overcome its fuel shortages.
This, though, is having an impact on European natural gas prices — British national balancing point (NBP) prices in particular. Read more
The FT’s Javier Blas has been writing about the disruption in the energy markets as a result of the Japan earthquake. Here is the current state of play with energy-related commodity prices. Read more
If energy markets were ever confused, it’s now.
On the one hand the Japanese earthquake immediately implies bearishness for crude oil on account of lower demand. On the other hand it implies a hike in demand for refined products. Read more
Suppliers of liquified natural gas are watching the weather almost as closely as New Yorkers right now. According to a new report by BarCap, one of the only things that kept LNG demand and supply in balance in 2010 was the hellish winter in Europe and what its analysts call “exceptionally supportive weather” elsewhere. Read more