In this issue

 

NextDecade has lined up enough lenders for Phase 1 of its Rio Grande LNG project in Texas, following two large equity and offtake deals with with TotalEnergies and Global Infrastructure…
Free ReadSweltering heat in south-central US and Mexico is forecast to push Henry Hub cash prices to $2.55/MMBtu on average in July, as gas-burn for power generation soars due to rising…
The developer of the Commonwealth LNG project in Cameron Parish, Louisiana, expects the US Department of Energy (DoE) to soon approve a licence to export to Non-Free Trade Agreement countries as…
Gross natural gas withdrawals in the US Permian region set a record high last year at 21.0 billion cubic feet per day (Bcf/d), 14 percent above the 2021 average, and…
High commodity prices drove up the value of energy trade between Mexico and the United States last year to $81.9 billion, an all-time high. More crude oil was imported from…
Free ReadUS pipeline company Kinder Morgan has announced plans to expand the working gas storage capacity at its Markham facility in Matagorda County along the Texas Gulf Coast. To that end,…
New gas developments are progressing slowly in Latin America, so supply cannot keep up with demand which is forecast to grow 1.4 percent per year over the next decade to…
Faster development of US LNG terminals in response to higher prices could cause a 12 percent plunge in gas-burn for power generation to as little as 18.6 Bcf/d in the…
Thursday, 06 July 2023
Free Read• May-June exports at 14.85mmt at the time of writing • Down by 1.18mmt (-7pct) compared to March-April period • Shipments up 1.20mmt (9pct) over period year-on-year • Avg. US capacity utilisation at…
Thursday, 06 July 2023
Period between 1 May 2023 and 30 June 2023, inclusively.
Glenfarne Energy Transition will take FID on its 4 mtpa Texas LNG project in 2023 after the US Federal Energy Regulatory Commission (FERC) issued the project’s Order on Remand. FERC’s…
Shut-ins at Haynesville Shale has reduced rig counts by three and Lower 48 gas rigs are down by five to a total of 157 as production started a long-awaited decline…
Free ReadGrowth in US gas exports will be driven by LNG, with shipped volumes forecast at 12.1 bcf/d in 2023, a 14 percent rise year-on-year. Falling LNG prices due to mild…
US energy services company Baker Hughes has increased its order intake during the three months through March by 12 percent to $7.73 billion year-on-year in what CEO Lorenzo Simonelli called…

News Nudges

Kinder Morgan boost gas storage capacity in Texas

US pipeline company Kinder Morgan has announced plans to expand the working gas storage capacity at its Markham facility in Matagorda County along the Texas Gulf Coast. To that end, it will lease an additional storage cavern under an agreement with Underground Services Markham, part of Texas Brine Company. The cavern will help provide more than 6 billion cubic feet of incremental working gas storage capacity and 650 million cubic feet per day of incremental withdrawal capacity on KMI’s extensive Texas intrastate pipeline system. Anchor shippers have subscribed to approximately half of the available capacity under long-term agreements and the commercial in-service date for the project is January 2024.