Canadian natural gas producers are hoping to spend a minimum $20 billion on shipping Liquid Natural Gas (LNG) to Asia in the next 2-9 years. The size of the prize is huge—spot natural gas in Japan can be as high as $17/mcf—more than 10x Canada’s spot price of $1.50...
Japan spent US$75.4 billion on LNG last year, paying an average price of US$16.60 per million BTU—while gas prices in the United States averaged just US$2.75. No Japanese politician, economist, or grocer thinks that makes sense. So Asia is trying to lower prices for Liquefied Natural Gas (LNG) as...
By: Bill Powers
Sanford Bernstein is a boutique brokerage firm that the Market considers "smart money". But I have hard time believing their May 4th call that Marcellus/Utica gas production will jump a net 10 bcf/d by 2018.
My main doubt comes from Chesapeake (CHK-NYSE) as they are in the process...
Editor's Note: Today's OGIB is the transcript of my recent interview with Peter Byrne of The Energy Report (TER) on a growing debate in North America's Great Experiment: the Shale Revolution, and I also talk about which junior producers I'm keeping close tabs on right now in the oil patch.
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The Energy...
Investing in Condensate, Part I explained what this hot new commodity is; Part II outlined the bullish case for Canadian condensate demand, and in this third and final article on condensate, I review American efforts to move their glut of condensate north.
Condensate is making uneconomic gas wells profitable for producers in the...
Some junior oil and natural gas companies with large debts are starting to have their financial problems go public. See these examples:
On February 17, Canadian Superior (SNG-TSX) just had their $47 million loan called by the Western Canadian Bank. Canadian Superior along with partners including British Gas has made...
Natural gas is the only commodity in North America where the US dollar is not the key factor affecting prices, says technical analyst and newsletter writer Donald Dony. He adds that the greenback sets the backdrop for oil, copper and other commodity prices.
North American natural gas, however, is a...
China is planning on implementing a value-based tax on sales of natural gas and oil throughout the nation starting in November, according to a statement made by the Ministry of Finance on October 10.