With the current energy crisis worsening, the United Kingdom and Europe are looking to winter with trepidation and an increased focus on building up energy inventories. LNG imports – particularly from the United States – are filling the gap for Europe’s immediate energy needs and storage demands ahead of the cold season, causing price increases
The United States has an abundance of natural gas, particularly in the Appalachian Basin. In fact, as the American Oil and Gas Reporter recently explained: “Today, Appalachia by itself is outproducing all but two of the nations on the list of the world’s top liquified natural gas exporters in 2021: the United States and Russia.
Chinese demand for natural gas is expected to grow by 10% year-on-year this winter, as a Covid-19 recovery spurs higher residential and industrial consumption, state oil companies said on Thursday. Presenting at a gas seminar in Beijing, the companies said demand during the 2020/21 peak winter season is estimated at 148 billion cubic meters (Bcm),