In this issue

 

Fitch Rating anticipates more US LNG cargoes will continue to be shipped to Europe as higher netbacks earned here than in China make cargo diversions “more competitive”, while more liquefaction capacity…
The French utility Engie has agreed to purchase 1.75 million tons per annum of LNG on a free-on-board basis from NextDecade’s Rio Grande LNG export project on the Brownsville Ship…
Energy Transfer, owner of assets in the Permian Basin and Haynesville Shale, has signed supply accord with the global commodities trader Gunvor for 2 mtpa from the Lake Charles LNG…
Free ReadMore than 900 drilling permits for new horizontal wells have recently been awarded in the Permian Basin, spurred by high oil prices. “This is a clear signal that operators in…
Adding no interstate gas pipeline capacity in the United States through to 2050 risks to severely limit gas flows from the Appalachia production region to the Midwest.
El Salvador has imported its maiden LNG cargo in early April when Shell shipped roughly 0.06 million tons of super-chilled gas to FSRU Tatjana near the Port of Acajutla. The…
Free ReadWoodfibre LNG, the mid-scale project near the town of Squamish in British Columbia, has issued a notice to proceed to US engineering contractor McDermott to move the projects towards major…
Carbon capture and storage (CCS) will substantially curtail the carbon footprint of future LNG projects. LNG players in the US, who benefit from the 45Q tax credit, will likely be…
Helmerich & Payne (H&P), North America’s largest land drilling solutions provider, have invested $33 million into Galileo to use their technology on drill pads. Galilieo’s technology can capture natural gas…
Monday, 09 May 2022
• March-April exports at 14.7mmt  • Up 0.88mmt (6pct) over January-February period • Shipments up 1.88mmt (15pct) over period year-on-year • Avg. US capacity utilisation at 117pct for report period 
Monday, 09 May 2022
Free ReadPeriod between 01 March 2022 and 30 April 2022, inclusively. Elba Island LNG Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.45mmt in…
Venture Global has set the pace for how quickly new US LNG export capacity can come to market. The 10 million tons of LNG per annum Calcasieu Pass project in…
By 2050, approximately 25 percent more natural gas will be produced than consumed in the United States, according to government projections. However, more than 35 percent of gross additions will…
Free ReadIntercontinental Exchange (ICE) is pushing ahead with development of derivatives and products to allow the hedging of risk in the natural gas, LNG and oil complexes with the latest having…

News Nudges

US rig count rises

The Baker Hughes Rig Count reported three more rigs deployed in the US in the past week and taking the total to 698. Oil rigs are up three while natural gas rigs are unchanged at 144 along with miscellaneous rigs at two. “The US Rig Count is up 258 rigs from last year's count of 440 with oil rigs up 210 and gas rigs up 48,” said Baker Hughes. The Canadian Rig Count is up 44 rigs from last year's 51 with oil rigs up 25 and natural gas rigs up 19.


Texas LNG for UK

The Panamanian-flagged LNG carrier “Prism Brilliance” is scheduled to deliver a US cargo on April 21 to the UK South Hook import terminal at the port of Milford Haven in Wales. The cargo was lifted by the 180,000 cubic metres capacity ship on March 20 from the Freeport export facility on Quintana Island in Texas, according to shipping data.