gas prices

The price of natural gas has more than doubled this year in many parts of the world. The ripple effects are starting to be felt, but how wide they will spread may not be known until winter comes.

Oil producers that spent years gearing up for a growth spurt beginning in 2020 are making up for lost time.

This year gas is expected to look only a bit better, but after 2019 that is a relief.

Shale-based associated gas production is behind the phenomenon. When oil prices do not support production, associated natural gas production also stops, with little to no consideration of natural gas prices.

The drop in gas prices, although greater than forecast, will not be to the same extent as oil prices.

Natural gas has emerged as a potentially major player in the energy mix, but what role will price pressures play in sanctioning gas supply projects and in LNG markets?

With almost 10 Bcf/D of liquefaction capacity scheduled to go into service by 2025, a new report from Moody’s says that US LNG exports should help solidify a floor under natural gas prices as LNG markets see a shortfall in supply.