In this issue

 

Prospect of dwindling production from Argentina’s Vaca Muerta shale will likely spark a rise in US LNG imports over the coming months to build up reserve prior to the heating…
Flex LNG, the Norwegian shipowner with a fleet of 12 modern vessels, has signed charters with Cheniere Energy of the US, for at least four of its carriers, and with…
The American Bureau of Shipping, the US classification society, has held its annual meeting of members in Houston and recalled a past year of success.
Free ReadThe US Department of Energy has just published its latest LNG export data with the average overall price for the six plants rising with deliveries concentrated on Europe, including the…
WhiteWater Midstream is holding an open season for up to 2 billion cubic feet (Bcf) of firm storage capacity at the Waha Gas Storage in Texas. The bidding process started…
Tellurian Inc., the developer of the US Driftwood LNG export plant in Louisiana, has resumed drilling in the Haynesville Shale basin and considers buying more acreage. Executive chairman Charif Souki…
Free ReadJack Fusco, President and CEO of Cheniere Energy, said global LNG demand was still „very high“ and the North Hemisphere summer slowdown was being offset by South American nations seeking…
Firmer prices at Henry Hub have reduced the gas use for power generation in the United States, but government analysts forecast an increase in natural gas consumption, including for LNG…
The US economy has been badly hit by the Covid-19 pandemic, with gas consumption in 2020 falling to 1.9 Bcf per day below the 2019 high of 85.1 Bcf/d. Analysts…
NextDecade Corp., the developer of the US Rio Grande LNG export project, has signed an agreement with Mitsubishi Heavy Industries of Japan to install post-combustion carbon-capture technology at the facility…
Free ReadNew Fortress Energy (NFE) has agreed to supply the Mexican state-owned power producer CFE with the equivalent of 20,000-40,000 million British thermal units (MMBtu) of LNG via an import terminal,…
Monday, 10 May 2021
• March-April exports at 12.26mmt • Up 2.12mmt (21pct) over January-February period • Shipments up 4.32mmt (54pct) over period year-on-year • Avg. US capacity utilisation at 99pct for report period
Monday, 10 May 2021
Monthly US LNG Exports (MMt) period between 1st March and 30th April, inclusively.
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…

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.