In this issue

 

Hard-nosed Chinese buyers are sniffing at the economics of US LNG supply deals, trying to find cheaper deals elsewhere.
Cheniere Pembina Pipeline Corp., the Canadian energy infrastructure company, said it was making progress with a range of natural gas projects in North America, including the Jordan Cove LNG export…
Sempra Energy, the California-based utility transforming the US Cameron LNG terminal into an export plant, is still planning an additional Mexican LNG export venture with national Petroleos Mexicano (Pemex), first…
LNG exporter Cheniere Energy, owner and operator of the Sabine Pass plant in Louisiana and developer of the Corpus Christi facility in Texas posted a full-year loss though edged towards…
Chart Industries, the US LNG equipment-maker, was moving in a positive path with rising sales and fourth-quarter profits after restructuring, acquiring three new companies and winning a contract for a…
As exports from the US accelerate, Asia’s growing gas import requirements are largely met by LNG on flexible trade terms that usher in a “new global gas order,” according to…
Defying fresh sanctions by the Trump administration, a Gaselys tanker carrying the first LNG exported by the Yamal facility in the Russian Arctic, has berthed at the Engie SA Everett…
The February 2018 futures contract for natural gas on the New York Mercantile Exchange (NYMEX) is trading at a discount to the current spot price. This pricing pattern provides economic…
Mexico, the largest offtaker of US pipeline gas and LNG importer from Peru, Nigeria and the US, is getting ready to launch an online gas trading platform by the summer…
Spurred by rising gas demand from the electric power sector, industry and LNG exporters, US dry natural gas production is forecast to rise by an average of 80.4 billion cubic…
Conflicting agendas add to the confusion on the future role of LNG in South America, and even the direction of LNG trades”, given that three countries – Argentina, Brazil and…
Global coal demand is facing a “decade of stagnation” and should remain nearly flat between 2017 and 2022, the International Energy Agency (IEA) forecasts. Lower gas prices, a surge in…
LNG tanker transport natural gas liquefied at -161°C which is subsequently supplied to an import terminal where the LNG gets regasified by using heat exchangers (ambient and combustion vaporisers). During…
Cheniere Energy has told regulators that Train-1 of its Corpus Christi LNG export project in Texas will reach substantial completion in March 2019, followed by completion of Train-2 in September…

News Nudges

FERC raises concerns over Jordan Cove LNG project

In its draft environmental impact statement (EIS) for the Jordan Cove LNG export project in Oregon, the US Federal Energy Regulatory Commission (FERC) raised “serious reservations” about the environmental impact of the Canadian-led venture. Jordan Cove LNG, owned by Pembina Pipeline Corp., is designed to include five small-scale liquefaction Trains each with 1.5 mtpa of output for a total of 7.8 mtpa. It will also include two full-containment LNG storage tanks with total capacity of 320,000 cubic metres, gas treating facilities, an export jetty and access to more than 25 Bcf/d of gas supply from Western Canada and the US Rockies. “We conclude that constructing and operating the project would result in temporary, long-term, and permanent impacts on the environment,” said the FERC in its draft report. “Specifically, we conclude that constructing the project would temporarily but significantly impact housing in Coos Bay and that constructing and operating the project would permanently and significantly impact the visual character of Coos Bay. Furthermore, constructing and operating the project is likely to adversely affect 13 federally-listed threatened and endangered species,” the regulator stated. As proposed, the LNG plant would be visited by about 120 LNG carriers per year and Pembina has confirmed that it had signed preliminary accords with Jera and Itochu of Japan for the supply of LNG. The natural gas feeder pipeline would link to the existing pipeline systems in Klamath County, Oregon, and would span parts of Klamath, Jackson, Douglas, and Coos counties before connecting with the LNG plant. The approximately 229-mile-long, 36-inch-diameter pipeline would be capable of transporting up to 1.2 Bcf/d of natural gas.


Bangladesh nears start-up of 2nd FSRU

Bangladesh is getting ready to commission its second floating storage and regas unit (FSRU) in an effort to import more LNG for use in the power sector. Moored offshore the port of Cox’s Bazar, the FSRU vessel ‘Summit LNG’ has been chartered from Excelerate Energy in a project involving Summit Power. The Summit Group stated the ‘Summit’ FSRU can handle around 3.75 mtpa of LNG, which effectively doubles the Bangladesh’s LNG import capacity after a first FSRU, the ‘Excellence’, was commissioned at Moheshkhali Island in August last year. All regasified LNG, produced at the new FSRU, will be procured by state-owned Petrobangla. To transport the gas, the Chinese major CNOOC has been commissioned to build a 4.2 mile pipeline that connects Summit FSRU to the shore. Singapore-based Summit Power operates 20 power plants in Bangladesh with an installed capacity of 1,941 MW, which is about 20% of the country’s total privately-held power generation. Summit is currently developing a 583 MW gas power plant in the town of Meghnaghat, some 20km south of the capital Dhaka. The plant is planned to be commissioned in March 2022. Muhammed Aziz Khan, chairman of Summit Group, said the company was “working towards achieving power and energy sufficiency in Bangladesh under the bold leadership of the government.” Targeting Bangladesh, GE has agreed to potentially provide $50 million to Summit to be used for the development of power projects. Mitsubishi Corp. owns a 25% stake in Summit Group since Augsut 2018, and is also eying to participate in power projects across Southeast Asia.