In this issue

 

Free ReadAtlantic basin LNG producers, notably at the US Gulf Coast, can achieve a better netback value at the Spanish Virtual Balancing Point (PVB) than elsewhere in Europe. However, offtake obligations…
Shipments of LNG from Cheniere’s Sabine Pass liquefaction and export facility in Louisiana were sold at prices as low as $4.27 per million British thermal units (MMBtu) this year, notching…
Rampant US gas supply has been outpacing demand growth for the past year, slashing prices in Europe and Asia. Some US exporters are considering shutting in production as record low…
Free ReadU.S. dry gas production will rise to an all-time high of 91.63 billion cubic feet per day (bcfd) this year, the U.S. Energy Information Administration (EIA) said, forecasting a fall…
The Center for Liquefied Natural Gas, a US industry group, expects five export projects along the U.S. Gulf Coast will take a final investment decisions in the next 12 months,…
Sempra Energy’s Cameron LNG export plant in Louisiana has received regulatory permission to start commissioning the second processing Train at the facility on the Calcasieu Ship Channel and commercial operations…
Golar Power is moving ahead with an integrated LNG-to-Power project in Brazil’s northern state of Para, after securing a 25-year power purchase agreement (PPA) from the Brazilian authorities. The 605…
Free ReadAustralian-listed LNG Ltd, developer of the Magnolia LNG project in Louisiana, is striving to sign a full sales and purchase agreement (SPA) with Delta Offshore Energy. The first LNG cargo…
Flows of natural gas from the Appalachian Shale Basin to the rest of the U.S. keeps growing as production averaged over 16 billion cubic feet per day last month, pushing…
As Japan’s gas-burn in the power sector falls amid competition from coal, nuclear and renewables, the country is expected to lose its position as the world’s No.1 LNG importer to…
Free ReadChina’s switch from coal to gas – both to decarbonize its energy mix and tackle pollution under its Blue Sky policy – requires importing considerably more gas imports and investment…
Rising national gas production in Argentina and peak potential LNG export during the summer months is coinciding with strong winter demand from utilities in the northern part of China and…
European utilities are courted by more and more sellers marketing long-term LNG volumes from pre-FID LNG supply projects. To gain access to attractively-prices US LNG, however, European buyers need to…
Free ReadNear-curve gas prices at the Dutch Title Transfer Facility (TTF) have fallen as low as $3.86 per million British thermal units (mmBtu) in recent weeks, driving up demand for LNG…

News Nudges

US LNG plant lease

Tellurian Inc., developer of the US Driftwood LNG plant in Louisiana, has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on a 477-acre site. The ground lease agreement has an initial term of 20 years with extension options of up to 50 years. “Tellurian is taking necessary steps to prepare for Driftwood LNG construction by entering into this long-term lease and executing certain projects such as road improvements and utility relocation,” said Tellurian’s Executive Vice President and Chief Operating Officer (COO) Keith Teague.