EUCI Blog

By Mark Jaffe, EUCI energy writer U.S. natural gas net exports are set to rise nearly 30% to 20.5 billion cubic feet a day by 2027, spurred by five new liquefied natural gas (LNG) export facilities, according to the federal Energy Information Administration (EIA). Already the world’s largest LNG exporter, the EIA is projecting LNG…

By Mark Jaffe, EUCI energy writer The U.S. and Israeli attacks on Iran have roiled energy markets and may lead to a reordering of energy priorities, but at least in the short run will not have the same impacts as previous geopolitical disruptions, according to Rystad Energy. For example, after the Russian invasion of Ukraine,…

By Mark Jaffe, EUCI energy writer The global natural gas market is set to be reshaped in 2026 by a surge of new liquified natural gas (LNG) capacity, which will help lower market prices and spur demand, according to the International Energy Agency (IEA). The increase in global gas demand slowed to less than 1%…

By Mark Jaffe, EUCI energy writer The U.S. is the world’s biggest natural gas producer – with three regions in the country each producing more gas than most countries – but demand continues to outpace production leading to higher natural gas prices. “Retail U.S. natural gas prices for every sector have increased so far this…

By Mark Jaffe, EUCI energy writer The sea lanes vital to the global oil market are under pressure from geopolitical events as shipments through five critical maritime “chokepoints” drop and insurance rates rise, according to a Rystad Energy analysis. In 2023, more than 71 million barrels a day (bpd) of oil and 26 billion cubic…

By Mark Jaffe, EUCI energy writer The Trump administration’s 25% tariffs on all imports of steel and aluminum – set to begin March 12 – will challenge the utility sector, but in the short run should not undermine company finances, according to the credit rating service Morningstar DBS. Still, the tariffs may have a ripple…

By Mark Jaffe, EUCI energy writer Natural gas inventories heading into the winter heating season are at their highest level since 2016, 6% above the five-year average, but electric reliability regulators remain concerned about the impact of freezing temperatures on deliveries to power plants. “While the natural gas industry is making progress on commercial practices…

Natural gas pipeline capacity from the Permian Basin is set to increase September 10, 2024 Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one…

Brent Crude Tumbles Below $75 a Barrel, Erasing 2024 Gains September 3, 2024 Brent erased its 2024 gains as concerns about demand in the world’s two biggest economies overshadow heightened geopolitical risks. The global benchmark dropped below $75 a barrel and touched the lowest intraday price since December 2023. Read more

Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance Aug 26, 2024 Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24, limiting flows of some light crude to Louisiana. The Zydeco pipeline system, which spans…

Brazos Midstream completes new gas processing facility and announces further expansion plans 19 August 2024 Brazos Midstream, a company focused on the Permian Basin, has announced the completion of a new gas processing facility and further expansion plans, reports GlobalData. The Sundance I facility in Martin County, Texas, with a capacity of 200 million ft3/d,…

Canada has become the main exporter of oil to the U.S. meeting demand from refineries Energize Weekly, August 14, 2024 Canada has become the main source of imported oil for U.S. refineries, accounting for 60 percent of crude imports as of January 2024 – almost doubling its share in 10 years, according to the federal…