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Reduced demand for US LNG likely to continue

Global economic slowdown has led to reduced demand for LNG produced in the US. As a result, LNG exports from the country are likely to remain low in the near future, says GlobalData, a leading data and analytics company. Haseeb Ahmed, Oil and Gas Analyst at GlobalData, comments: “Significantly low prices of gas along with an LNG supply glut has pushed companies to revisit their CAPEX spends on upcoming multi-billion-dollar…

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Natural Gas

Global Natural Gas Demand Set For Long-Term Growth After COVID

The world’s consumption of natural gas is set to decline by 4 percent this year, but global demand will return to growth after the pandemic, thanks to low natural gas prices and stricter environmental policies, a new report showed on Thursday. The Global Gas Report 2020 – published by the International Gas Union (IGU), research company BloombergNEF (BNEF), and Italian gas infrastructure firm Snam – says that the trend of increased natural…

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Buffett’s Berkshire Buys Dominion Natural Gas Assets For $10 Billion

Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) has announced an agreement to purchase the natural gas transmission and storage assets of utility company Dominion Energy Inc. (D) in a deal currently valued at $9.7 billion in total, including a cash payment of $4 billion and the assumption of $5.7 billion of debt incurred by the Gas Transmission & Storage segment of Dominion. Subject to regulatory approvals, the deal is expected…

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