In this issue

 

Record prices and the need for energy security is causing a third wave of US LNG projects, with Wood Mackenzie expecting over $100 billion to be invested over the next five years.…
Though the first cargo has left Freeport LNG since its shutdown last summer and a second one is loading, it will take several weeks before the liquefaction plant reaches full…
As gas prices dwindle in a mild winter, the US Energy Information Administration has slashed its 2023 Henry Hub spot price forecast to $3.40/MMBtu on average, down almost 50% from last…
Free ReadThough debt financing has become more costly, market observers believe the dam could break in 2023 and projects with 6.2 Bcf/d of additional capacity could reach financial close. First in line…
Tellurian Inc., the developer of the Driftwood LNG export plant in Louisiana, was pitching for buyers at the Indian Energy Week seeking replacement offtakers after it cancelled two sales and…
US oil giant Exxon Mobil is planning large investments in oil and gas upstream to rebalance the market, and is on track for a 2024 start-up of the Golden Pass…
Free ReadCheniere Energy, the largest US LNG exporter, has specified plans for adding 20 million tonnes per annum more to the Sabine Pass plant in Louisiana and further expanding the Corpus…
A year on from Russia’s invasion in Ukraine, confidence is growing that Europe can pull though the next three years without Russian gas until new LNG supply – mainly from…
The Gas Exporting Countries Forum (GECF) forecasts natural gas demand will increase by 36 percent to 5,460 billion cubic meters (bcm) in 2050, with power generation accounting for 43 percent…
• January-February exports at 14.07mmt at the time of writing • Broadly stable compared to November-December period • Shipments up 0.22mmt (2pct) over period year-on-year • Avg. US capacity utilisation at 99pct for…
Friday, 03 March 2023
Free ReadPeriod between 01 January 2023 and 28 February 2023, inclusively.  Elba Island LNG Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.45mmt in…
North America’s large gas resources could meet over 30 years of domestic and LNG export demand at a cost of less than $3 per million British thermal units (MMBtu), McKinsey…
Analysts doubt that Sempra’s Freeport LNG plant will resume full production until well into next year, as the operator again delayed the restart of the second-largest US LNG export facility…
The US utility Entergy Louisiana has signed an accord to supply renewable power to Sempra’s Cameron LNG terminal to offset emissions of the liquefaction plant, including its Train 4 expansion.…

News Nudges

Chevron decarbonises LNG fleet

Chevron has signed an agreement with Sempcorp Marine Repairs & Upgrades to help reduce the carbon-intensity of its LNG fleet operations. The tankers will be retrofitted with new technologies such as a reliquefication system, hull air lubrication and new gas compressors. These measures expected to reduce cargo boil-off, lower fuel consumption and increase volumes of cargo delivered.


Shell’s profits double

Global energy major Shell said its adjusted earnings in the final three months of 2022 had more than doubled to $39.9 billion on the back of soaring oil and gas prices in the wake of Russia’s invasion of Ukraine. Shell posted its record earnings just days after US-based Exxon Mobil announced annual profits of $55.7 billion.