MassiveIndustry

(Mon, 23 Jan 2017) In its January 2017 <em>Short-Term Energy Outlook</em> (STEO), EIA expects the Henry Hub natural gas spot price to average $3.55 per million British thermal units (MMBtu) in 2017 and $3.73/MMBtu in 2018, both higher than the 2016 average of $2.51/MMBtu. Higher prices in 2017 and 2018 reflect natural gas consumption and exports exceeding supply and imports, leading to lower average inventory levels.

Over the past two years, the Middle East has grown into a recognized demand center because of increasing imports from both traditional buyers and new market entrants.

(Thu, 19 Jan 2017) South Korea, which lacks domestic energy reserves, ranks among the world’s top five importers of liquefied natural gas, coal, and petroleum and other liquids. Despite its lack of resources, South Korea has some of the most advanced oil refineries in the world, and its companies have investments in overseas oil and natural gas assets.

(Wed, 18 Jan 2017) Natural gas is Mexico’s largest source of electricity generation, accounting for 54% of the country’s generation in 2015, up from 34% in 2005.