GAS AND LNG NEWS

The Permian Basin’s bounty of associated gas could be a curse if your East Texas position thrives with a tight basis to the Henry Hub.

The recent gathering of Gastech in Milan proved to be highly concerned with solutions to the current energy crisis, rather than assigning blame. But there were clear misgivings about some of the market-distorting policies being proposed. The crisis has focused the spotlight on LNG affordability and reaffirmed how well oil-indexed term supply, along with changes in demand patterns, are insulating some Asian markets from higher LNG costs. For Gazprom, a company with a hobbled, evolving pipeline gas sales strategy, a shifting LNG focus will provide little consolation.

Estimated natural gas prices via various routes to seven European countries, monthly from 1990.