In this issue

 

Free ReadUS fracking companies fear the impact of President Biden’s plan to lower the number of drilling leases on federal land. Analysts see no near-term effect on volumes or prices until…
Dallas-based Energy Transfer has agreed to acquire Enable Midstream Partners in an all-equity transaction valued at around $7.2 billion. The merger is expected to lead to $100 million operational cost…
The developer of the Driftwood LNG export plant in Louisiana is still awaiting new investors to take stakes in the delayed venture since Indian company Petronet LNG withdrew as a…
Free ReadIt has become clear that the German government was ready to pay over €1 million to the Trump administration to avert US sanctions and proceed with construction of the Nord…
Fitch Ratings has warned fossil fuel exporters face a growing risk of loss of GDP, government revenue and export receipts as more upstream assets are downgraded, or become stranded, as…
Though ExxonMobil had to write down billions on its American gas assets, the oil major seeks to boost profits from its Permian Basin shale activities. “In 2020, capital expenditures in…
Cheniere Energy, the largest US LNG exporter from the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas, said the global LNG market had strengthened significantly in…
Free ReadUS pipeline operator Kinder Morgan said a minority stake of 25 percent had been sold in the 9,000-mile Natural Gas Pipeline Company of America, which supplies city gas to Chicago…
Modelling how fast US energy demand will recover after the pandemic, analysts say the consumption of natural gas will increase faster than other fossil fuels. Electricity use is expected to…
The US Energy Information Administration (EIA) expects crude oil prices to rise from $50 per barrel in December 2020 to $56/bbl in the first quarter of 2021, caused by demand…
Free ReadCorpus Christi Liquefaction, the Cheniere Energy subsidiary operating the export plant in Texas, has asked the Federal Energy Regulatory Commission to start full commercial service from the third LNG Train…
NextDecade, developer of the Rio Grande liquefied natural LNG export project in Texas, has decided not to proceed with another venture called Galveston Bay LNG because part of the project…
Southern LNG Company, the operator of the Elba Island LNG export plant near Savannah in Georgia, is to host a full inspection of the facility by regulators just after the…
January-February exports at 10.14mmt on 28th February - Down 1.90mmt (16pct) over November-December period - Shipments up 0.81mmt (9pct) over period year-on-year - Avg. US capacity utilisation at 82pct for report period

News Nudges

Kinder Morgan sells 25% stake in Chicago city-gas supplier

US pipeline operator Kinder Morgan said a minority stake of 25 percent had been sold in the 9,000-mile Natural Gas Pipeline Company of America, which supplies city gas to Chicago and feed gas to LNG plants on the Gulf Coast of Texas and Louisiana. Kinder Morgan and the other joint owner of the pipeline, Brookfield Infrastructure Partners of Canada, sold the NGPL stake to a fund controlled by ArcLight Capital Partners, based in Boston, Massachusetts, and specialising in energy sector investment. “The value of the minority interest implies an enterprise value of about $5.2 billion for NGPL, representing 11.2 times its 2020 earnings before interest, taxes, depreciation and amortization,” said a statement from Kinder Morgan and Brookfield. Kinder Morgan and Brookfield said they would each hold a 37.5 percent interest in NGPL following the closing of the ArcLight deal and Kinder would continue to operate the pipeline.