United States natural gas production has grown at a rate of 3.8% per year since 2008 from 55 Bcf/d to 66 Bcf/d in 2013. Shale gas production, however, has grown at a much faster pace. In 2008 production was less than 6 Bcf/d, but production grew at a rate of over 40% per year to […]
LNG Shipping: Responding to the New Boom in LNG Supply
The global fleet of LNG carriers surpassed 400 ships in 2014. This number is anticipated to increase to over 500 in the next five years. The increase in LNG carriers is a direct reaction to the flurry of new LNG exporting projects in Australia and North America. Most of these ships are being built in […]
How Are Low Oil Prices Impacting the LNG Industry?
In the past several months, oil prices have fallen considerably. Brent crude oil is down 32% from $113 to $76 and WTI is down 29% from $107 to $75. While down, natural gas has not seen as large a fall. Henry Hub Natural Gas is down 9% from $4.70 to $4.20. The recent decline in […]
New Approaches to FLNG
Floating liquid natural gas (FLNG) is a new technology pioneered by Shell, but companies are already trying different approaches to improve its cost effectiveness and speed of construction. As a first mover in this space, Shell is using its scale and traditional leadership in oil and gas technology to its advantage. Golar is using its […]
Exploiting Floating LNG for Small Markets
Last week, we explored a small company, Carib Energy Solutions, aiming to supply the Caribbean with LNG. We also briefly mentioned another company, Cambridge Energy and their plans to supply the Caribbean with LNG as well. However, unlike Carib, Cambridge is planning to produce their own LNG. Further, it is planning to produce LNG on […]
North American Natural Gas Boom Spreads to the Caribbean
Carib Energy Solutions is not the name that comes to mind when people think of LNG. Most people will think of large export terminal developers such as Cheniere or Freeport LNG. However, a small company, Carib, has secured both Free Trade Agreement (FTA) and non-FTA export licenses from the United States Department of Energy (DOE). […]
Spurring natural gas demand with technology
Just within a few years of its founding, the ARPA-E has done an incredible job of identifying critical innovation gaps and funding a number of creative ideas with the potential of delivering disruptive breakthroughs. We can now add speed and timeliness to the organization’s credit. The continued slump in natural gas prices underlines the commodity’s […]
No fracking way?
I’ve always loved a good debate especially when it is conducted in the classical sense with two podiums, open microphones, relevant topics, and informed advocates. National Public Radio recently aired such a debate on hydraulic fracturing, which is the core operation behind the shale gas revolution in North America. Fracking is what industry hands call […]
Replicating the shale gas story globally
The North American success story has motivated a number of foreign countries and companies to initiate efforts toward developing their local shale gas resources. The potential is very promising: a study commissioned by the EIA concluded that nearly 6,000 trillion cubic feet (tcf) of gas reserves are available in 32 countries — far more than […]
The shale gas weekend
Shale gas seems to be the flavor of this weekend wherever one looks. If the Wall Steet Journal did an editorial defending fracking, the New York Times continued its superb Drilling Down series on shale gas with a piece questioning if the industry was another bubble in the making. The WSJ editorial was a great […]
