EIA: U.S. Expected to be Net Gas Exporter in 2017
Posted on Aug 9, 2017 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on EIA: U.S. Expected to be Net Gas Exporter in 2017
The U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The United States has been a net gas exporter for three of the past four months and this is expected to continue for the rest of 2017 and throughout 2018 due to growing U.S. natural gas exports to Mexico, declining...
Petronas Cancels B.C. LNG Terminal Project
Posted on Jul 26, 2017 in Canada & Mexico, Financing, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Petronas Cancels B.C. LNG Terminal Project
Malaysian state oil and gas company Petronas released a statement that it and its partners “have decided not to proceed with the Pacific NorthWest LNG project at Port Edward in British Columbia [B.C.], Canada.” According to the statement, the decision “was made after a careful and total review of the project amid changes in market conditions.” Read more in the Reuters article....
Article: U.S. LNG Deliveries to the U.K. Likely to be Rare
Posted on Jul 14, 2017 in LNG Exports, Markets and Competition | Comments Off on Article: U.S. LNG Deliveries to the U.K. Likely to be Rare
Platts reports that although a shipment U.S. LNG landed at the United Kingdom’s Isle of Grain last week, additional U.S. LNG shipments to the U.K. are likely to be few because profit margins on U.S. LNG are higher in other markets, such as Mexico and East Asia. ...
ConocoPhillips’ Kenai LNG Plant to be Mothballed
Posted on Jul 14, 2017 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on ConocoPhillips’ Kenai LNG Plant to be Mothballed
The Alaska Journal reports that ConocoPhillips intends to fully shut down its Kenai, Alaska LNG terminal because of depressed global LNG prices and ConocoPhillips’ inability to find a suitable buyer for the plant. According to the article, the last LNG export from the Kenai plant was in the fall of 2015....
Open Season Underway for Alaska LNG Capacity
Posted on Jun 21, 2017 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Open Season Underway for Alaska LNG Capacity
Alaska Gasline Development Corp. (AGDC) has announced the commencement of a foundation customer capacity solicitation to determine the foundation customers who wish to reserve capacity on the proposed Alaska LNG Project. “The capacity solicitation presents an opportunity for North Slope gas resource owners and other qualified parties to subscribe to capacity on the Alaska LNG system.”...
Cheniere to Ship Sabine Pass LNG to Poland
Posted on Apr 28, 2017 in LNG Exports, Markets and Competition | Comments Off on Cheniere to Ship Sabine Pass LNG to Poland
Bloomberg reports that Poland’s state-owned PGNiG SA purchased a spot LNG cargo from Cheniere Energy Inc.’s Sabine Pass LNG terminal in Cameron Parish, La. for delivery in June to the nation’s Baltic Sea import terminal, which the press release describes as “the first such contract for Central and Eastern Europe.” ...