News

Bloomberg Businessweek: Natural Gas Production in 2013 to Increase as Prices Rise

By: Naureen Malik

JUNE 11, 2013 – Marketed natural-gas production in the U.S. this year will top 70 billion cubic feet a day for the first time amid gains from onshore reserves and higher prices, a government report showed. Daily output will average 70.01 billion cubic feet, up from 69.9 billion estimated in May, the Energy Information Administration said in its monthly Short-Term Energy Outlook, released today in Washington. Production will set a record for the sixth straight year as new wells come online at shale formations, such as the Marcellus in the Northeast and the Bakken in North Dakota, government data show.

Click here to read the full article from Bloomberg Businessweek.

Christian Science Monitor: Asia pushes for free-market liquefied natural gas

By: Keith Schaefer

JUNE 7, 2013 – Liquefied Natural Gas (LNG) prices have long been linked to the price of oil—with gas priced at roughly 13% or 1/8th the price of Brent, with the details determined in confidential contract negotiations.  Asian consumers are tired of this linkage, especially since it has meant prices that are four times higher in Asia than in North America.

Click here to read the full article from Christian Science Monitor.

The Hill: Keep the LNG export permits coming

By: Jason Bordoff

JUNE 4, 2013 – It would have been hard to imagine just a few years ago that we’d need to debate whether to export our energy. But the North American energy landscape is changing rapidly, and companies have now requested nearly 20 permits from the federal government to export natural gas.

Click here to read the full article from The Hill.