In this issue

 

Thursday, 02 May 2019

Chevron expands lead in the Permian through Anadarko takeover

Chevron’s $33 billion takeover of Anadarko – one of the world’s largest independent oil companies – will boost its lead in the Permian Shale, and grow its midstream and LNG…
Friday, 03 May 2019

Henry Hub gas prices up as demand rises for LNG feedgas

Natural gas future prices for May at the U.S. benchmark Henry Hub have firmed to $2.535/MMBtu due to increased demand from the power sector and for feedgas from a growing…
Friday, 03 May 2019

U.S. dry gas output goes from strength to strength, puts lid on prices

The U.S. Energy Information Administration (EIA) expects natural gas prices at the benchmark Henry Hub will fall to an average $2.82/MMBtu this year, and decline further in 2020. The bearish…
Friday, 03 May 2019

World Bank, BNDES and KfW help finance LNG-to-Power project in Brazil

Free ReadThe International Finance Corporation (IFC), a multilateral development agency and part of the World Bank Group, has said it provided a 15-year loan over $228 million to fund LNG-to Power…
Friday, 03 May 2019

Total signs HoA with Tellurian to invest in Driftwood LNG

The French energy major Total has signed two Heads of Agreements (HoA) with Tellurian Inc., the developer of the Driftwood LNG project in Louisiana, committing to invest in Driftwood Holdings…
Friday, 03 May 2019

Feed-gas flows into Cameron LNG Train-1

Sempra Energy has at last seen progress in the commissioning of its Cameron LNG project, a former regas terminal being transformed into a liquefaction and export terminal. Feed-gas is now…
Friday, 03 May 2019

Shell signs up to purchase Brent-indexed LNG from NextDecade

NextDecade, the developer of the Rio Grande LNG project in Texas, has signed an innovative 20-year sale and purchase agreement (SPA) with Shell. Around three-quarters of the purchased LNG volumes…
Friday, 03 May 2019

U.S. Senators file ‘LNG Now Act’ to remove export barriers

Free ReadStriving to remove perceived export barriers, three U.S. Senators have reintroduced the License Natural Gas (LNG) Now Act. It is aimed at revamping the current system put in place by…
Friday, 03 May 2019

U.S. shale gale to drive 75% expansion in global LNG trade

As the second wave of the US shale revolution unfolds, the United States is forecast to account for 70% of the rise in global oil production and some 75% of…
Friday, 03 May 2019

EGAT holds bidding round to source LNG for power generation

Seeking to secure attractively-priced LNG for its power plant fleet, Thailand’s state-run Electricity Generating Authority (EGAT) is holding a bidding round in May and June. To qualify, interested bidders need…
Friday, 03 May 2019

Chart, IOC cooperate on LNG opportunities in India

Free ReadChart Industries and Indian Oil Corp (IOC), owner of India’s first East Coast LNG import terminal at Kamarajar Port, Ennore, have entered a cooperation to promote LNG developments in India.…
Monday, 01 April 2019

Analysts expect slower growth in U.S. gas production in 2019

Latest earnings calls from publicly-traded U.S. gas producers show a slowdown in 2019 gas production although the role of private producers increases. Energy Aspects sampled E&P firms with a combined…
Monday, 01 April 2019

Demand for LNG feed-gas surges in Southern U.S., reverses pipeline flows

Free ReadLength in natural gas supply the U.S. Mid-Atlantic and Ohio region is building up amid rising production from the Marcellus and Utica Shale. Simultaneously, growing demand in the South Central…
Monday, 01 April 2019

Argentina admits planned start of LNG exports will be delayed

The Argentine Secretary of Energy Gustavo Lopetegui has said it would take some time before Argentina becomes a globally competitive LNG market participant. “Shale gas production could be increased by…
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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.