LNG Canada Delays FID for Proposed Kitimat B.C. Export Terminal
Posted on Jul 12, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on LNG Canada Delays FID for Proposed Kitimat B.C. Export Terminal
CBC News reports that LNG Canada has indefinitely delayed making a final investment decision (FID) on its proposed liquefaction and LNG export terminal near Kitimat, British Columbia (B.C.) due to global energy market conditions. According to the report, LNG Canada CEO Andy Calitz recently told a conference that “the drop in natural gas prices around the world, particularly in Asia,...
Sabine Pass LNG Cargo Shipped to Spain
Posted on Jul 5, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Sabine Pass LNG Cargo Shipped to Spain
Platts reports that a cargo of LNG has left Cheniere Energy’s Sabine Pass LNG terminal in Cameron Parish, La., and is headed to Spain. This is the second shipment of U.S. LNG to Europe, where the LNG will compete with Algerian pipeline gas supplies in Spain and Portugal. According to the article, by 2020, U.S. LNG exports are expected to be able to supply a quarter of the European...
Uncertainty of Alaska LNG Project Discussed at State Legislature Hearing
Posted on Jun 30, 2016 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Uncertainty of Alaska LNG Project Discussed at State Legislature Hearing
The Alaska Journal of Commerce reports that new Alaska Gasline Development Corp. (AGDC) President and CEO Keith Meyer presented a plan to Alaska’s joint House-Senate Resources Committee to overhaul the financial structure of the proposed Alaska LNG Project. The plan would allow the state to lead the project with other outside investors, “but still depend on the producers selling their...
Platts Launches LNG Gulf Coast Marker
Posted on Jun 20, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Platts Launches LNG Gulf Coast Marker
S&P Global Platts (Platts) [subscription] announced that it will launch the LNG Gulf Coast Marker (GCM), “a daily LNG assessment reflecting the value of spot LNG exported from the US Gulf Coast, on a FOB basis, expressed in US$/MMBtu.” Platts will also add new freight route costs from the US Gulf to destinations on its existing freight route cost table which “will reflect the most...
DOE Releases April 2016 LNG Export Data
Posted on Jun 20, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on DOE Releases April 2016 LNG Export Data
The U.S. Department of Energy’s Office of Fossil Energy has released LNG import and export data for 2016 through April. The data show that in April three commissioning cargoes of domestically produced LNG were exported from the Sabine Pass Liquefaction terminal in Cameron Parish, La.: two cargoes totaling 6,310,025 Mcf were sent to Argentina at export point prices ranging from $3.85...
Widened Panama Canal to Open June 26; U.S. LNG Supplies Expected to Remain in Atlantic Basin
Posted on Jun 10, 2016 in Liquefaction, LNG Exports, Markets and Competition, Vessel Transportation | Comments Off on Widened Panama Canal to Open June 26; U.S. LNG Supplies Expected to Remain in Atlantic Basin
Hellenic Shipping News reports that the Panama Canal widening project is expected to be inaugurated June 26, allowing it to accommodate large LNG tankers and permitting U.S. Gulf Coast LNG producers to reduce the shipping time to markets in Asia by approximately ten days. However, according to an analyst, “prices in the Pacific aren’t currently high enough to create a large arbitrage...