Frigid weather is set to continue in the US northeast, which could further delay the start of LNG exports from the Dominion Cove Point plant.
Peter Stewart took part in a session on ‘The Coming Revolution in Hyper-smart Power Systems’ at the St. Petersburg International Economic Forum.
Prices in the US northeast will remain under pressure as gas stocks are replenished.
Qatar’s escalating diplomatic fallout with its neighbours risks dampening the appetite for its LNG in the Middle East and Africa.
Henry Hub prices could increase during June because of storage concerns, even though mild weather has been forecast across the US.
A political crisis unfolding in Brazil has the potential to adversely impact the country’s oil and gas sector.
The power sector supported Europe’s gas demand growth last year, but with changes taking place in the gas and power markets that growth is not set to continue.
The world’s biggest LNG exporter will defend its share of the market as competition among suppliers intensifies amid the global glut of the fuel.
European hub prices are expected to decline over the coming week as demand-side support falls.
Concerns surrounding the low level of gas stocks in the US will support Henry Hub prices during May.
The startup of Egypt’s West Nile Delta marks a major milestone in the country’s journey to become self-sufficient in gas production.
Trinidad will struggle to boost buyer appetite for its LNG and will face bigger problems as the bulk of its long-term supply contracts start to expire.
Consumers in east Canada will pay more for gas as a result of the region’s increasing reliance on imports of the fuel.
UK prices have been buoyed by strong demand and problems with supplies, but are expected to come under pressure later this week.
Depleted gas stocks in the US will remain a concern even though flows into the country’s storage facilities are improving.
Cooler temperatures across Europe have boosted weather-related gas consumption while storage levels have fallen in the UK.
Canada’s struggle to find customers for its gas will persist as growing shale output in the US provides tough competition.
Thailand is set to become increasingly dependent on imported LNG and could be vulnerable to price spikes as the market tightens.
The outlook for global LNG supply and demand and Europe’s future as an LNG market is explored in this contributed feature by Mike Fulwood from Nexant.
Coal is becoming more competitive than gas in the US power sector as Henry Hub prices remain high.
Below-average temperatures are forecast for many of the continent’s large markets over the next week, supporting demand.
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