LNG 4.65% 22.5¢ liquefied natural gas limited

For those interested, this is the link to Tysons post....

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    For those interested, this is the link to Tysons post.


    Natural gas prices have slumped 20% in the past year, and prices of liquefied natural gas, otherwise known as LNG, just hit a three-year low as supplies have risen faster than demand. Now one analyst sees a “looming global price crash” that will ripple through the energy sector.As more countries, particularly in Asia, switch to natural gas from other fossil fuels, demand has been rising. But supply appears to be rising even faster. Citi analyst Anthony Yuen says that natural gas supplies have built up much faster than most analysts expected. Yuen expects “a 25% surge in global LNG supply from 2018 to 2020, with more than half from the U.S.” The U.S. Energy Information Administration predicted late last year that LNG export capacity from the U.S. would double by the end of 2019.The supply glut has caused prices to fall around the world, with U.S. Henry Hub prices falling to the mid-$2 range per million BTUs from $4.80 in the fourth quarter of last year, and a natural gas futures contract in Asia dropping from $12 in the fourth quarter of 2018 to $4 per million BTUs today. Natural gas supplies are rising so quickly that European gas storage may be full two months earlier than expected, Yuen estimates.He sees Henry Hub prices averaging $2.50 in 2019, down from his prior estimate of $2.80. And that decline could have a ripple effect across several industries.
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