Polish gas company PGNiG is set to receive a spot cargo of U.S. LNG on Dec. 13 as part of plans to reduce its reliance on Russian imports and to become a bigger player in the LNG market.
Oil producer cartel OPEC and its partners will need to keep production lower than their agreed target through 2019 for benchmark Brent crude to come back to $70 a barrel (bbl), oil and gas consultancy Rystad Energy said.
OPEC said on Dec. 12 it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of demand for its crude, underlining the challenge the producer group faces to prevent a glut even after last week's decision to trim output.
Several companies in the sector play crucial roles as the midstream grows to handle greater sales abroad.
It’s beginning to look a lot like a tight natural market everywhere you analyze, says Stratas Advisors.
Departure marks the first export of LNG from Texas.
The deal could be as long as 10 years and include buying a stake in a U.S. project.
Construction on 10 mtpa facility to start in early 2019 after expected FERC approval.
Important trends could buffet the growing U.S. export market.
Second vessel to visit Corpus could be the first to load an LNG cargo there.