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Lng Exports

U.S. Okays ConocoPhillips LNG Exports

Liquefied Natural Gas Tanker Kenai, Alaska. Photo: ConocoPhillips Company

 The U.S. Department of Energy has renewed authorization for liquefied natural gas (LNG) exports from the North Kenai ConocoPhillips facility, reports Reuters.   The approval is to export about 40 billion cubic feet of natural gas from its Kenai LNG export terminal in Alaska over the next two years starting Feb. 19.   U.S. Senator Lisa Murkowski applauded the decision. Over the last year she has been urging Department of Energy officials to support ways to commercialize Alaska’s natural gas reserves like the current Conoco facility as well as the Alaska LNG project.   The Kenai facility was the first LNG export facility in the United States. Most of the gas exports from Kenai have gone to Japan since the plant entered service in 1969.   The federal approval will allow ConocoPhillips to export gas to any country the United States has a free-trade agreement with or any other country with which trade is not prohibited by U.S. law.  


Japan Needs U.S. LNG, But Quickly ...

Japanese trade minister Toshimitsu Motegi calls for early U.S. approval for exports to his country of liquefied natural gas (LNG). The Japanese minister made his request at a meeting with Acting Energy Secretary Daniel Poneman, stating that securing a relatively cheap energy source is crucial for Japan, reports the 'Wall Street Journal' citing Kyodo news. Mr. Poneman told Mr. Motegi at a recent press conference that he fully recognized that U.S


Iran to Export LNG by 2011

Iran has signed a memorandum of understanding (MOU) to export natural gas to Italy, to be implemented by 2011, says an IranMania report. Iran will also export gas to China by the end of the current year. China’s oil giant Sinopec Group signed a $70 billion oil field development and LNG agreement with Iran earlier this fall, according to the report. Iran will attain an annual LNG export of 36 million tons, worth $6 billion, by 2015. Source: IranMania


US House Passes Bill to Pressure Regulators on LNG Exports

The U.S. House of Representatives passed a bill on Wednesday to speed permits for exports of natural gas, a measure that even if passed by the Senate and signed into law by President Barack Obama, is not expected to help bring much new fuel to global markets.   Lawmakers voted 277 to 133 to approve the bill, sponsored by Republican Bill Johnson of Ohio, that would force the U.S. Department of Energy (DOE) to decide within 30 days on applications to export liquefied natural gas, or LNG.


US Becomes Net Natgas Exporter for a Day with Sale to Brazil

The United States turned into a net natural gas exporter for a day after the first liquefied natural gas export from Cheniere Energy Inc's Sabine Pass terminal in Louisiana left for Brazil on Wednesday.   The United States however is not expected to become a net exporter of gas on an annual basis until 2017 after more pipelines to Mexico and LNG export terminals enter service, according to federal energy estimates.  


Global LNG Prices Eroded By Mounting Supply

Asian spot prices for liquefied natural gas (LNG) slid for the third straight week, as pressure mounted from new Australian and U.S. supplies, traders said.   LNG for April delivery in Asia eased to $4.30 per million British thermal units (mmBtu), down 20 cents from the previous week.   Traders said they expected prices to fall below $4 during the summer as supply continues to pick up from new projects.  


Kitimat LNG Partners to Purchase Pacific Trail Pipelines Interest

Kitimat LNG partners Apache Canada Ltd. (Apache Canada) and EOG Resources Canada Inc. (EOG Canada) announced that they have agreed to purchase the 50 percent interest in the Pacific Trail Pipelines Limited Partnership (PTPLP) they do not own from Pacific Northern Gas Ltd. (PNG) for $50m. Apache Canada and EOG Canada will pay PNG $30m on closing – expected by the end of February – and a second payment of $20m when the purchasers decide to proceed with construction of the Kitimat


GofM Energy Hub: LNG Exports to India Planned

Principals Sign the Agreement: Photo credit United LNG

United LNG, LP and Petronet LNG Limited, India's largest LNG importer, agree to supply LNG from the Main Pass Energy Hub™ project in the Gulf of Mexico. The (conditional) agreement was signed by Petronet LNG Managing Director & CEO, Dr. A.K. Balyan and Stephen Payne, Chairman & General Partner of United LNG, of the United States, at the LNG 17 Conference held in Houston, Texas. The parties said they would continue working toward a final Sales Purchase Agreement to conclude the


Braemar Secures World’s Largest FLNG Project

Sheila McLain, Vice President of Business Development for Braemar in Houston

Braemar Engineering, the marine and LNG technical consultancy arm of the Braemar Shipping Services PLC group, announced it has been appointed as Owner’s Engineers for United LNG, LP in the world’s largest floating LNG production project. The project, situated offshore near Venice, Louisiana in the Gulf of Mexico, will be the world’s largest floating LNG export project, with three floating liquefaction units projected to export up to 24 million metric tons per annum (MTPA)


Strong Fleet Growth to Keep LNG Shipping Rates in Check

Graph: Drewry Shipping Consultants Limited

2017 will be a tough year for LNG shipowners as rates are expected to remain under pressure, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.   This year has started on a positive note for LNG shipowners as spot rates have firmed up to the West of Suez because of seasonal demand for LNG. Many analysts have started writing positive stories about the LNG shipping market believing that the momentum in rates will continue. 


South Korean Tender Stirs LNG Market

© Oleksandr Prykhodko / Adobe Stock

Asian spot LNG prices jumped this week, buoyed by hopes Korea Gas Corp's new tender would match past buying sprees and by emerging demand from China and Japan.   Spot prices for June delivery rose to $5.70 per million British thermal units (mmBtu), a 20 cent jump over last week


US Authorizes Non-FTA LNG Export from Golden Pass

Photo: Golden Pass LNG Terminal

The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States


Australia Plans to Limit LNG Exports

© Carabay / Adobe Stock

Australia's conservative government unveiled a radical plan on Thursday to restrict exports of liquefied natural gas (LNG) at times when domestic shortages push up local prices, aiming to ease soaring energy costs for local manufacturers.  


Crowley to Supply LNG in Puerto Rico

Photo: Crowley

Crowley Maritime Corp.’s  liquefied natural gas  (LNG) services group has been awarded a multi-year contract to supply additional volumes of containerized, U.S.-sourced LNG to a major pharmaceutical company’s manufacturing plants in Puerto Rico.  


US Shifts LNG Exports to Asia as Arb Opens Ip

Photo: Cheniere Energy

The biggest divergence between U.S. and Asian gas prices in a year has created an opportunity for tankers delivering liquefied natural gas, with most departures from a key Louisiana terminal in the last month-and-a-half heading toward East Asia, shipping data released on Wednesday show.  


Australian LNG Projects Face Delays, Benefiting US Producers

Shells Prelude floating LNG production vessel (Photo: Shell)

Australia's plans for a huge increase in its production of liquefied natural gas are being dealt a big blow by a series of production delays, as energy companies struggle with technical problems and cost overruns.   The country is still likely to become the world's biggest LNG exporter


Oversupplied Japanese LNG Players to Sell off Excess Volumes

© akiyoko / Adobe Stock

Asian spot LNG prices extended losses this week as oversupplied Japanese utilities sought to offload cargoes and as key European gas benchmarks softened.   Asian prices for LNG delivery in March fell 25 cents to about $7.75 per million British thermal units (mmBtu), traders said


NextDecade Takes Aim at Texas City for LNG Export

Photo: NextDecade, LLC

 NextDecade LLC has signed lease agreements with the State of Texas and City of Texas City for a close to 1,000-acre site at Shoal Point for the potential development of a multi-billion dollar liquefied natural gas (LNG) export facility.  


Shell: LNG Demand Strong to 2030

LNG Demand Set to Outpace Gas Demand Growth from 2015 to 2030   Shell launches LNG Outlook Global demand for liquefied natural gas (LNG) reached 265 million tonnes (MT) in 2016 – enough to supply power to around 500 million homes a year


Total in Talks to Buy Iranian LNG Project

Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves. The French oil major -- the first of its peers to strike deals in Iran after sanctions -- seeks entry into Iran LNG at a


Legislators Call for US-flag LNG Carriers

© Wojciech Wrzesien / Adobe Stock

New legislation proposed this week would require up to 30 percent of U.S. liquefied natural gas (LNG) exports to travel on U.S.-flagged vessels.   The U.S. is expected to continue ramping up its LNG exports in the coming years and become a net exporter by 2020, yet there are currently no U.S


FLNG Production Bows out as US Exports Roil Market

File photo : Shell

Once considered the future of gas production, floating liquefied natural gas (FLNG) projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in U.S. shale supplies and slumping prices.  


Total Seeking to Buy Stake in Iranian LNG Project

Photo: Total

 French oil giant Total held talks with Iranian officials about several projects in the country in 2016, notably a 10 million tonnes per year liquefied natural gas project (LNG), Reuters reported.  It has signed an agreement with Iranian authorities for a 50 per cent stake  in


ICE to Offer First US Gulf Coast LNG Futures Contract

With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May.


New US Pipelines to Drive Natural Gas Boom as Exports Surge

© Yauheni Chazlou / Adobe Stock

U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters.  






 
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