Global gas production outpaces demand – BP
Global gas production increased by 2.2% in 2015, while demand was up by just 1.7%.
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Contractors face lean times as producers make cuts
Contractors are feeling a squeeze as Australia’s producers look to cut costs. But the reductions could be risking the industry’s future.
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- Enagas buys 20% Quintero LNG stake for $200 mln
- US competition likely to pressure Canadian producers – NEB
- Ghana’s electricity costs spiralling with switch to thermal power
- Possible Polish delays in store for Nord Stream 2 approval
- Russian revenue relying on industries other than energy
- Russian gas exports to non-CIS countries up by almost 21%
- BP and Det Norske in $1.3 bln Norwegian merger
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Risk of oil price spike may benefit gas
GGA Chief Energy Analyst Peter Stewart spoke at the IEA last week on the interaction between oil and gas prices. These are the main points of his speech to the standing committee on oil markets.
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- European hub prices boosted as maintenance cuts supplies
- Henry Hub hits 2016 high with surging power demand
- Risk of oil price spike may benefit gas
- OPEC freeze unlikely with oil above $50/bbl
- Oil price rise dampens hopes for OPEC output cap
- Price favours Canadian gas flows into western US
- Kuwait sees intense inter-sector competition for gas
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