Liquefied Natural Gas Exports News

U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023.The U.S. was the stand out in global LNG supply growth in 2023, said Alex Munton, director of global gas and LNG research at consulting firm Rapidan Energy Group of the rise to 8.6 million metric tons leaving U.S. terminals in December.Qatar was the largest LNG exporter in 2022 and Australia the second-largest that year, U.S. government data showed."U.S.

Early White House efforts to boost U.S. liquefied natural gas exports and cut Europe's reliance on gas from Russia after its invasion of Ukraine are proceeding slowly, because of concerns about climate change impacts, government and industry sources said.The Ukraine crisis has underscored Europe's dependence on Russia, which supplies about 40% of its natural gas used to heat homes and generate electricity, and the Biden administration has promised its allies it will help break…

U.S. liquefied natural gas exports are down by more than a third since governments started imposing lockdowns to stop the spread of the coronavirus.Worldwide gas prices have plunged as lockdowns squeezed energy demand even as strong renewables output boosted supply. Gas prices are more expensive now in the United States than in Europe for the first time in a decade.Buyers in Asia and Europe have already canceled over 20 U.S. LNG cargoes for June and July, and more cancellations are anticipated.Gas flows to U.S.

U.S. Coast Guard Commandant Adm. Karl Schultz outlined his vision for the service Thursday during the State of the Coast Guard Address in Charleston, highlighting the organization’s top initiatives, accomplishments over the past year, and challenges facing the service today and on the road ahead.The 26th Commandant stressed the importance of America's marine transportation system and highlighted Coast Guard's role in safeguarding maritime commerce among the service's many crucial contributions to U.S. security. “Our interconnected global economy relies on efficient ports and waterways.

Liquefied natural gas exports from Novatek's Yamal terminal in the Arctic have come on stream faster than expected over the summer and exceeded volumes from Russia's only other LNG facility, Sakhalin, for the first time in August.The pace of commissioning the multi-billion dollar project has surprised a market used to chronic delays. Additional volumes from the start of another facility should now come in time for the northern hemisphere winter, a time of price spikes.Novatek said earlier this week it had begun commissioning the third train…

Rising exports have thrown a lifeline to U.S. shale producers and refiners, giving them an additional outlet at a time when the domestic market has been at risk of becoming saturated. The United States exported record quantities of natural gas, propane, gasoline, distillate fuel oil and light crude last year while continuing to import the heavy oils needed by its refineries. Gas exports increased by almost 30 percent in 2016 and have more than tripled in the last decade, limiting the build up of unused gas and supporting prices in recent months despite the warmest winter on record.

Natural gas workers in Peru plan to hold an indefinite strike starting Dec. 29 that would disrupt production of the widely-used fuel as well as Royal Dutch Shell Plc's liquefied natural gas exports, the union SUTRAPPEC said Thursday. Some 200 unionized workers needed to operate Peru's Camisea gas fields will down tools to press Argentine energy company Pluspetrol to offer better wages and benefits in a new labor agreement, said SUTRAPPEC spokesman Juan Carlos Vargas. Pluspetrol owns a controlling stake - 27.2 percent - in the Camisea consortium that produces the vast majority of Peru's natural gas from a remote jungle region. Pluspetrol and Netherlands-based Shell, which exports liquefied natural gas derived from Camisea gas production, did not immediately respond to requests for comment.

The expected boom in liquefied natural gas exports from the United States risks being hampered by a lack of vessels to handle the trade, the head of the U.S. coast guard told  shipping industry executives on Tuesday. The LNG tanker market, currently suffering from oversupply due to weak demand for natural gas, could thus in a few years face a shortage of capacity, Paul Zukunft told the Nor-Shipping conference. Several large projects are under construction on the U.S. Gulf coast, including Cheniere Energy's Sabine Pass, due to come on stream later this year, and Sempra Energy's  Cameron LNG, set for completion in 2018. "Right now we have one of the largest LNG facilities in the world being built in Louisiana," Zukunft said, referring to the Cameron plant.

SYDNEY, May 1 (Reuters) - An Australian port used by Chevron for liquefied natural gas exports has been forced to close by a cyclone off the country's west coast. The Port of Ashburton was shut at 0400 GMT, the Pilbara Ports Authority said. But Australia's largest iron ore export terminal, Port Hedland, and the port of Dampier, one of two used by Rio Tinto to ship iron ore, remain open, the authority added. Tropical Cyclone Quang is expected to hit the Australian west coast within a few hours, the Australian Bureau of Meteorology said, bringing winds up to 100 kilometres per hour. The cyclone is expected to weaken as it makes landfall, the weather bureau said. (Reporting by Colin Packham

Following its usual summer break over August 2014, Congress came back from its five-week summer recess and spent a whopping eight days or so back in session before recessing once again, approximately a week early, to hit the campaign trail for the November elections. This essentially means that including the summer recess, Congress will have been in session for a total of about eight days between the end of July and the middle of November 2014. No wonder why Congress has not been able to accomplish much this year, to date.

Expanded U.S. liquefied natural gas exports would mean a modest price increase for domestic consumers, but the higher costs would be offset by a boost to the economy, the U.S. Energy Information Administration said on Wednesday. Residential natural gas prices would likely be 5 percent higher than otherwise would be the case between 2015 and 2040 if U.S. LNG exports rose to 20 billion cubic feet per day, said the EIA report. Growth of LNG exports would be supported mainly by more shale gas production, according to the report, which was commissioned by the U.S. Energy Department. "Increased energy production spurs investment, which more than offsets the adverse impact of somewhat higher energy prices," the EIA said.

The U.S. Energy Department on Wednesday approved liquefied natural gas exports from two projects, as lawmakers pressed the administration to move quickly to clear a backlog of applications to ship gas abroad. Sempra Energy's Cameron LNG facility in Louisiana and Carib Energy's small-scale export project in Florida are the first projects to receive final permits from the department to export gas to non-free-trade-agreement countries since Cheniere's Sabine Pass project was approved in 2012. Until now Sabine Pass was the only project fully permitted at the federal level. The Federal Energy Regulatory Commission granted the $10 billion Cameron project a construction license in June after it was issued a conditional export permit by the Energy Department earlier in the year.

The U.S. Energy Department has finalized a plan to revamp its process for approving liquefied natural gas exports, and as originally proposed the changes eliminate conditional approvals for LNG projects. Beginning Thursday, the department will only issue final rulings on whether exports are in the public interest after the Federal Energy Regulatory Commission, or another authorized agency, has completed an environmental review of the project. The move will likely shift focus from the Energy Department, which has been criticized for moving too slowly, to the more costly FERC process, which assesses the safety and environmental impacts of LNG export facilities.

The Obama administration on Thursday announced a major overhaul of its review process for U.S. liquefied natural gas exports, a change that would benefit companies with strong financial backing for their projects. Under the proposal, the Department of Energy would no longer issue conditional approvals of projects. Instead, the department would decide whether an LNG export project is in the national interest only after the Federal Energy Regulatory Commission, or another agency, had issued a final environmental review. The action would shift emphasis from the department's conditional approval, placing the onus on FERC. The department said that by waiting until the environmental review is completed…

The Obama administration must speed up approvals of liquefied natural gas exports to help boost global supplies and help U.S. allies, five Senate Democrats said on Friday. The lawmakers, all from natural gas-producing states, urged the Energy Department to place additional weight on national security matters in its review of LNG export applications. The Democrats said they wanted to show the White House that there is significant Democratic support for speeding up gas exports, even though Republicans typically lead the chorus. "Our allies have emphasized that a strong market signal from the United States that it is a willing future supplier of LNG…

A U.S. House subcommittee voted on Wednesday to advance a bill that would eliminate the need for government approval of U.S. liquefied natural gas exports to countries that belong to the World Trade Organization.   The legislation, which will be considered by the full House energy committee, would essentially end the Energy Department's review of LNG export applications. (Reporting by Ayesha Rascoe; Editing by Jeffrey Benkoe)

Reuters - U.S. Energy Secretary Ernest Moniz said on Wednesday the administration considers geopolitical concerns such as the crisis in Ukraine when reviewing applications for liquefied natural gas exports, but it does not have authority to determine where those exports go. Some lawmakers have called for the Obama administration to use the nation's natural gas bounty as leverage as it negotiates with Russia over the unrest in Ukraine. Speaking at IHS CERAWeek energy conference in Houston, Moniz also said the oil industry needs to do a better job making the case in support of lifting the decades old ban on U.S. crude oil exports. (Reporting by Ayesha Rascoe; Editing by Marguerita Choy)

According to a report from Bloomberg, Australia’s liquefied natural gas exports may more than double by 2016 as Asian economies increase gas consumption as part of government policies to diversify energy sources, the Australian Bureau of Agricultural and Resource Economics and Sciences said. Exports may climb to 41 million metric tons in the 12 months to June 30, 2016, from 19 million tons this year.   (Source: Bloomberg)