In this issue

 

A triple whammy of a warm winter, sluggish demand in Asia and cancelled cargoes in China due to the coronavirus outbreak is prompting Cheniere to slow down its midscale expansion…
Free ReadEnergy independence of the United States will be tested in the 2020s, unless there is a sharp reversal in the collapse of fresh capital expenditure in the shale sector, CME…
The Chinese Government is open to applications for tariff exemptions on several U.S. products, including crude oil and LNG, starting from March 2, 2020. The long-anticipated announcement was widely welcomed…
All eyes are on China’s economic and energy demand growth. But with the U.S. election looming large in November, it is unlikely that President Trump will facilitate real breakthroughs on…
Free ReadLawmakers in the U.S. Congress are preparing to hit European investors in the Nord Stream 2 pipeline with a new set of sanctions in an effort to derail the project…
Natural gas prices at Henry Hub are forecast to stay lower than $4 per million British thermal units (MMBtu) through 2050 amid an abundance of low-cost resources, primarily in the…
Growth in exports of U.S. gas production will nearly double over the next two years, as new liquefaction facilities are placed in service and new gas interconnectors to Mexico begin…
Stranded gas wells at the Marcellus Basin in Pennsylvania, U.S., are being tapped via mobile trailor-mounted liquefaction units. Initial operations were launched and are set to last until at least…
Free ReadRail tankers will soon transport LNG to power generators across the United States, as the regulator seeks to advance the use of this cleaner-burning fuel in decentralized location like the…
The Federal Energy Regulatory Commission (FERC) has refused re-hearing requests from environmental groups for the rehearing of its orders authorizing construction and operation of the Texas LNG Brownsville and Annova…
Sempra Energy's Mexican subsidiary IEnova has seen fourth quarter earnings rise 22 percent to $253.4 million as the South Texas-Tuxpan pipeline went in service. However, these gains were partially offset…
Free ReadNew Fortress Energy (NFE), the owner of LNG facilities in Florida and in Jamaica and projects in Puerto Rico and the US northeast, said it signed a long-term LNG supply…
Monday, 02 March 2020
January - February exports at 9.06mmt on 27 February Total shipments more than doubled over same period last year US capacity utilisation at 97% overall US LNG exports for the…
Elba Island LNG Elba LNG shipped has shipped two cargoes totalling 0.12mmt since the beginning of January, pegging capacity utilisation at 64%. However, these shipments concentrated on January, with February…

News Nudges

NFE seals long-term LNG supply deal to Caribbean

New Fortress Energy (NFE), the owner of LNG facilities in Florida and in Jamaica and projects in Puerto Rico and the US northeast, said it signed a long-term LNG supply agreement for eight cargoes a year for 10 years through January 2030. In addition to its 100,000 gallons per day liquefaction plant in Miami, NFE operates a floating LNG terminal in Montego Bay, Jamaica, along with a fuel-handling facility in Puerto Rico. Its Puerto Rican subsidiary NFEnergía has entered a 5-year gas supply contract and committed to convert two out of six units at the San Juan combined-cycle power plant (CCGT). The Miami facility began operations in April 2016 and enables the company to produce LNG for export in intermodal ISO containers to the Caribbean and to small-scale customers in southern Florida. The company is also looking at developing a Pennsylvania LNG distribution facility.