In this issue

 

Thursday, 06 July 2023

Rio Grande LNG targeted to reach FID on Phase 1 in early July

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…
Thursday, 06 July 2023

Heatwave could push up Henry Hub cash prices to $2.55 in July

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…
Thursday, 06 July 2023

Commonwealth LNG waits for non-FTA permit before taking FID

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…
Thursday, 06 July 2023

Permian dry gas output goes from strength to strength

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…
Thursday, 06 July 2023

Energy trade between Mexico and the United States soared to nearly $82bn

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…
Thursday, 06 July 2023

Kinder Morgan boost gas storage capacity in Texas

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,…
Thursday, 06 July 2023

Latin America turns to LNG to balance growing gas deficit

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…
Thursday, 06 July 2023

Fast LNG capacity builds and high price could curb US gas-burn

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

US LNG: May – June 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

Monthly US LNG Exports (MMt)

Period between 1 May 2023 and 30 June 2023, inclusively.
Friday, 05 May 2023

Glenfarne aims for FID on Texas LNG this year after FERC Order removes remand

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…
Friday, 05 May 2023

Haynesville Shale rig count in decline as gas price falls

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…
Friday, 05 May 2023

LNG continues to lead growth in US gas exports over next two years

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…
Friday, 05 May 2023

Baker Hughes boosts LNG services orders in “unique spending cycle”

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…
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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.