LNG prices in northeast Asia are up more than 80 percent in just two weeks, capping off a wild bust-to-boom swing in a little over six months.
Despite the latest sanctions on Nord Stream 2, Russia has vowed to complete the project.
Oil prices are on the mend, but the global LNG market continues to wallow in oversupply.
Collapsing Chinese demand, and the resulting crash in LNG prices, could disrupt gas exports from the United States.
American officials concede its latest sanction efforts may not be enough to halt completion of the Nord Stream 2 gas pipeline.
The Power of Siberia pipeline connects Russian gas to Chinese consumers—redrawing the energy map in the process.
Crude oil could be much more expensive if not for the U.S.-China trade war—but the danger is that the trade war tips the global economy into a deeper downturn.
The poor performance in the first three months of the year has not put a dent in confidence among top oil executives who see stronger profits later this year and next, although plenty of uncertainty remains.
LNG prices are set to tumble as a raft of new projects come online, but a tighter market is expected in the 2020s as project developers face questions on the next tranche of export projects.
The Eastern Mediterranean has already become a significant source of natural gas production, but fully developing the region’s gas reserves, as well as finding ways to move that gas to market, has been extremely challenging.