In this issue

 

The Impact Assessment Agency of Canada (IAAC) has made funding available to Canadians and Indigenous groups to participate in the approval process for an LNG export project proposed for Pearse…
• January-February exports at 13.61mmt • Up 0.10mmt (1pct) over November-December period • Shipments up 3.31mmt (32pct) over period year-on-year • Avg. US capacity utilisation at 108pct for report period.
Monday, 07 March 2022
Free ReadPeriod between 01 January 2022 and 28 February 2022, inclusively. Elba Island LNG Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.42mmt in…
Sky-high European gas demand has caused US LNG exporters to divert cargoes – initially sold to Asian buyers – to northeast Europe. With the start-up of Nord Stream 2 held up…
Fitch Ratings warns of a “highly uncertain” situation in global oil and gas markets as the fast spread of the Omicron variant could result in renewed lockdowns, travel restrictions and…
Free ReadUnphased by record high gas prices and a looming supply shortage, the German regulator BNetzA has halted the approval process of Nord Stream 2 – the controversial Russian interconnector through…
Japan’s largest power plant operator JERA has bought a 25.7% stake in the US liquefaction terminal Freeport LNG together with Global Infrastructure Partners. The deal broadens JERA's gas supply sources…
Siemens Energy has secured a turnkey contract to build GNA II, a 1.7 GW integrated LNG-to-Power plant at Port of Açu, in the Brazilian state of Rio de Janeiro. Customer…
NextDecade, the US developer of the Rio Grande LNG export project along the Brownsville Ship Channel, has confirmed that a final investment decision for the venture would again be delayed,…
Free ReadVegas-based Southwest Gas Holdings is rejecting continued attempts by activist investor Carl Icahn to buy up outstanding stock for $75 per share, calling the move opportunistic and not in the best…
US LNG exports are forecast to be almost 85 percent higher in 2023 than they were in 2020 as nation’s natural gas production increases. “We estimate that US LNG exports…
Coal has staged a surprise return in the global power gen market in the face of sky-high LNG prices, but this phenomenon will be short-lived, the International Energy Agency (IEA)…
Thursday, 13 January 2022
• November-December exports at 13.49mmt • Up 1.27mmt (10pct) over September-October period • Shipments up 1.70mmt (14pct) over period year-on-year • Avg. US capacity utilisation at 107pct for report period
Thursday, 13 January 2022
Free ReadPeriod between 01 November 2021 and 31 December 2021, inclusively. Elba Island LNG Elba Island LNG exported five cargoes amounting to 0.29mmt in August and September, broadly steady in volume…

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.