Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new liquefied natural gas (LNG) plants to lift demand - and prices - for the fuel. Natural gas prices have fallen by one-third this year, undercut by a warmer winter, outages at LNG facilities and higher-than-expected output. The growth in solar and wind power and a pause on new U.S. LNG export permit reviews also have clouded the outlook for future gas demand.
U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said. Mergers will result in more suppliers able to provide processing, transport, storage and export services, according to executives and dealmakers. Scale "is definitely important," Williams Companies Chief Operating Officer Michael Dunn told Reuters on the sidelines of the CERAWeek by S&P Global conference.
(Bloomberg) -- The chief of the largest US producer of natural gas has warned that a lack of pipelines and storage facilities will trigger dramatic price swings in the years ahead, causing them to surge as much 350%.Most Read from BloombergTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesUltra-Wealthy Are Souring on Chicago’s Most Elite NeighborhoodNvidia Looks to Extend AI Dominance With New Blackwell ChipsWhat Hap