In this issue

 

Free ReadThe U.S. Federal Energy Regulatory Commission (FERC) has delivered a final environmental impact statement for the Texas LNG export project, giving the green light for proposed project in the Port…
Optimism has been expressed by Peter Altmaier, the German economy minister, that two regasification terminals will be built on the northern Germany coastline “in the foreseeable future” to enable LNG…
Though no firm offtake agreement is in place, Qatar Petroleum and ExxonMobil have taken FID on their 15.2 mtpa Golden Pass LNG venture and announced they will jointly invest over…
Free ReadNatural gas will become the fastest-growing energy source in the coming decades, displacing coal as a fuel for power plants and heavy industries, Royal Dutch Shell said in its 2019…
Pieridae Energy, developer of the German-backed Goldboro LNG export project in the Canadian province of Nova Scotia, has entered into agreements for a private placement of shares with a group…
Steelhead LNG has stopped construction on the Kwispaa LNG project in Sarita Bay on Vancouver Island’s west coast, casting doubt on the future of the joint venture. Developers said the…
Free ReadMexico’s state-run electric utility Comisión Federal de Electricidad (CFE) is aiming to renegotiate take-or-pay clauses it had agreed with North American gas pipeline developers, including TransCanada and Sempra’s IEnova. CFE…
Rapidly evolving exports of LNG and liquid fuels will turn the United States into a net energy exporter next year. As gas demand grows in Asia and Henry Hub prices…
Seasonal imports of LNG help meet peakload gas demand in New England’s industrial and power sector. During a freeze in the first week of February, more than 800,000 million cubic…
Free ReadThough trade tensions with the U.S. affected China’s GDP figures in the fourth quarter, demand growth in China’s gas and electricity sector is still “phenomenal,” Wood Mackenzie says. Total electricity…
Pembina Pipeline Corp., the Canadian owner of the Jordan Cove LNG export project reported progress on the US liquefaction venture and expects a decision from the U.S. federal energy regulator…
US regulators are advancing with the Pointe LNG project proposed for the East Bank of the Mississippi River, which would be the second riverbank export facility in the south of…
Free Read2019 could be a ‘year of incongruity’, as developers are rushing to reach financial close on an array of LNG export projects despite a backdrop of a market tipping into…
Despite rising oil prices and production levels U.S. gas fracking companies are continuing to lose money, according to a review of the Institute for Energy Economics and Financial Analysis (IEEFA).…

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.