In this issue

 

The American Gas Association has welcomed the balanced perspective taken in the draft guidance released by the White House Council on Environmental Quality in relation to the greenhouse-gas emissions of…
California-based Sempra Energy is striving to take a leadership role in modernizing North America’s natural gas infrastructure to help incentivize power plant operators to switch from coal to gas. On…
Trump-alley Andrew Wheeler, the head of the U.S. Environmental Protection Agency (EPA), has signed a final ruling that roles back Obama-era emission limits for thermal power plants. The new rule…
Free ReadThe biggest losers of tit-for-tat trade politics between the United States and China are developers of US LNG export projects. Debt-financing for such costly infrastructure projects is now hard to…
State-owned Saudi Aramco, the world’s largest oil and gas company, has signed a Heads of Agreement (HoA) or a definite 20-year LNG sale-and-purchase agreement (SPA) over 5 mtpa from Phase-1…
Falling gas prices in Europe and Asia pose no risk of reducing US LNG exports, the Cheniere Energy CEO Jack Fusco said. “There haven’t been any spot cargos that haven’t…
Free ReadAnnouncing non-FTA export approval for the Driftwood LNG project near Lake Charles, the US Energy Secretary Rick Perry said he “applauds the American private sector for continuing to reach new…
Spreads for arbitrage trading are narrowing between the Dutch TTF and the US Henry Hub as well as the TTF and the Japan Korea Marker (JKM), so Energy Aspects warns…
In a triangle move to lift a US LNG cargo, the Qatari Q-Flex tanker “Al Safliyah” has become the largest LNG vessels to transit the expanded Panama Canal. It recently…
YPF, Argentine’s state-run oil and gas producer, is seeking to sell a partial cargo from its Tango floating liquefaction unit at Bahia Blanca in a first step to turn the…
Free ReadThe Port of Corpus Christi in Texas, the site of an LNG export plant owned by Cheniere Energy and other oil and gas shipment facilities, said it was set to…
Developers of the delayed Freeport LNG export project in Texas are selecting a preferred bidder for the fourth processing Train, although construction of Train 1-3 still needs to be completed…
Petroleos Mexicanos (Pemex), the Mexican oil and gas company, says its 2% month-on-month rise in its natural gas production is aimed at reducing the country’s dependency on pipeline gas and…
Energy trade between Mexico and the United States has undergone massive change. The value of U.S. exports of petroleum products nearly tripled from $10.4 billion in 2008 to a record…

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.