A gas rig in a shale field in Pennsylvania – Photo: AP
According to the newspaper Financial Timeson 4-5 May, the gas price of the Henry Hub Natural Gas Distribution Center in Erath Township, Louisiana (USA) – owned by Sabine Pipeline LLC – reached $8,415/1 million Btu (Btu is a single unit). British thermal flavor, commonly used in America).
The sale price is more than double what it was at the beginning of 2022, and much higher than the $3 average 10 years ago.
Liquefied natural gas (LNG) producers have increased their demand for shale gas to export abroad. These facilities have been operating at full capacity since the war in Ukraine began.
Since the beginning of March, production from LNG plants has averaged more than 350 million m3/day (equivalent to 127 billion m3/five). The above amount is about 17% more than in 2021 and is close to the consumption of the American people.
More LNG shipments are expected in 2022, as Cheniere Energy expands an export plant in Louisiana and rival Venture Global opens one in the state.
Gas is still much cheaper in the US than in Europe, where it was around $37 per million Btu this week, or in Asia, where it was $23.5. The disparity creates an incentive to add more factories to export.
U.S. energy infrastructure companies, NextDecade and Energy Transfer, this week announced long-term gas sales contracts for two projects in Texas and Louisiana.
The US and the EU recently signed an agreement by 2030, in which the US will ship an additional 50 billion cubic meters each year.3 LNG to Europe, nearly 50% more than the current export capacity of the US.
Domestic demand for LNG is also increasing as US electricity consumption is on the rise again. Combined with sluggish production growth from shale gas fields, US gas inventories are at a seasonal low in three years and well below the five-year average.
“Low inventories and high exports due to the hostilities in Ukraine, causing prices to go up is understandable,” said Andrew Gillick, energy strategist at Enverus, a consulting firm.
at Blogtuan.info – Source: tuoitre.vn – Read the original article here