JJETF - LNG Exports And Natural Gas Dynamics

2024-05-17 05:30:00 ET

Summary

• The United States is well positioned to benefit from the growing LNG trade due to its infrastructure and abundant natural gas.
• LNG is expected to grow globally due to energy security and demand from emerging economies, and particularly China.
• The Chesapeake-Southwestern merger highlights fortification on the natural gas side of the industry's consolidation.
• Gulf Coast midstream infrastructure is an important and under-appreciated asset that promotes domestic and global economic prosperity.

"The U.S. economy is hard to hold back, even if you try," says midstream fund manager Jay Hatfield in an interview May 15. The context in which we speak is assessing the fundamentals in oil, gas, and some transition dynamics as it relates to policy, the U.S. economy, and the global economy. Last year in April, upon the first (or second) public utterance that Exxon (XOM) might buy Pioneer Natural Resources, I have been considering massive U.S. energy infrastructure assets and their development alongside shale. In October 2023 and April this year, I detailed these developments further through presentations at the University of Montana. The energy complex is undergoing more change in this post-pandemic reshuffling, and considerable innovation is afoot....

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