In this issue

 

Friday, 03 March 2023

High demand could spur $100 billion in new US LNG projects by 2027

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.…
Friday, 03 March 2023

Freeport LNG’s second tanker berth not available until May

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…
Friday, 03 March 2023

EIA slashes Henry Hub forecast on mild weather and growing supply

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…
Friday, 03 March 2023

Port Arthur LNG tipped to be first in line for FID

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…
Friday, 03 March 2023

Tellurian pitches for buyers for Driftwood LNG

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…
Friday, 03 March 2023

ExxonMobil to invest in upstream, makes “great progress” on Golden Pass LNG

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…
Friday, 03 March 2023

Cheniere makes plans for 23 mtpa of new expansions

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…
Friday, 03 March 2023

Europe can muddle through without Russia gas, awaits new US LNG supply

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…
Friday, 03 March 2023

GEFC expects gas demand to rise 36 percent by 2050

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…
Friday, 03 March 2023

US LNG: January – February 2023

• 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

Monthly US LNG Exports (MMt)

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…
Tuesday, 03 January 2023

America could cover Europe’s LNG demand at a cost of below $3/MMBtu

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…
Tuesday, 03 January 2023

Freeport LNG unlikely to reach full output until well into 2023

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…
Tuesday, 03 January 2023

Entergy to supply renewable power to Cameron LNG terminal

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.…
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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.