In this issue

 

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…
Free ReadShell Eastern Trading will be the first supplier of LNG cargoes to Hong Kong for use in the 2.5 Gigawatt Black Point and 3.7 GW Lamma Island Power Stations. Under…
Global market are flush with new supply from the latest round of US LNG project build-out, but the prevailing ‘tolling’ model makes offtaker exposed to a significant downside risk. LNG…

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.