The global LNG market was influenced by some unprecedented factors in 2022. Europe significantly grew their LNG imports driving LNG prices to astounding highs. U.S. emerged as the top exporter in spite of an emergency shutdown at Freeport LNG. High shipping rates also plagued LNG markets along with limited supply and growing sustainability pressures. All […]
Strength in numbers: Increasing the Permian’s gas takeaway capacity
The Permian Basin is set to see five new pipeline projects in the coming next year. Three projects will expand existing pipelines’ capacity, while the other two involve the construction of new pipelines. If everything goes according to plan, these five new pipelines will collectively add 4.18 billion cubic feet per day (Bcf/d) to the […]
ESG Offerings: The Next Competitive Advantage
Energy and chemical operators are facing increased scrutiny around environment, social, and governance (ESG) practices. While pressure is mounting for operators, industrial equipment providers have faced limited pressure regarding ESG practices. Equipment providers have been focused on reducing the environmental footprint at their manufacturing plants by reducing energy and water consumption and increasing the role […]
Much ado about gas: Qatar’s exit from OPEC
Qatar recently announced plans to leave OPEC starting January 2019, ending its nearly six-decade long membership. The decision comes amid tensions with neighboring countries as a trade and travel embargo was imposed last June by a group of Middle Eastern countries led by Saudi Arabia and including Bahrain, Egypt, and United Arab Emirates. Political considerations […]
Delivered LNG costs from North America
The United States has started exporting LNG, thanks to the cheap and abundant supply of natural gas from shale plays. The first round of LNG exports began from the U.S. Gulf Coast and was quickly followed by a second project on the U.S. East Coast. However, since natural gas supply is now available across the […]
Methanol for Power Generation
The discovery and rapid development of shale gas and unconventional oil plays has dramatically increased the supply of natural gas in North America. This growing natural gas resource can be monetized in several ways including conversion into liquefied natural gas (LNG), methanol, or other liquid hydrocarbons. Given the promise of new, cheap supply and methanol’s […]
Growing Consolidation and New Markets Drive Change in the Artificial Lift Market
Artificial lift is a method of increasing pressure within an oil and gas reservoir to maximize hydrocarbon recovery. Historically, artificial lift was primarily used on wells with insufficient pressure but now in an effort to improve flow rates its use on naturally flowing wells has increased. In total there are ~1 million wells utilizing artificial […]
What Role Can CNG Fill as a Transportation Fuel?
Recently, we wrote about the role of natural gas as a transportation fuel and the focus was on LNG. CNG is another way that natural gas can be used as a transportation fuel. There is not a CNG or LNG specific engine. In both cases, the fuel is delivered to the automobile engine as a […]
A Brief History of Natural Gas Demand
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 […]
The global fight for resources
Nothing is more telling of the global fight for resources than a few trips to Asia and long conversations with clients as I have learned this past year. To build the roads, bridges, cars, planes, and power plants their people need, policy makers, CEOs, and consumers in India, China, Thailand, and Malaysia in Asia are […]
