In this issue

 

Gaining access to shale assets in Argentina, Qatar Petroleum has acquired a 30% stake in ExxonMobil’s prolific Vaca Muerta oil and gas play in the onshore Neuquén basin in Argentina.…
Canada, the largest energy trading partner of the United States, consistently exceeds the value of U.S. energy exports to Canada by a large margin. According to EIA figures, energy accounted…
Unplanned downtime can cost an LNG facility as much as $4 million per day. With potential costs so high, profitability is largely linked with unplanned downtime. According to GE Power…
Shifting tact, Uniper CEO Klaus Schäfer has announced plans to expand the utility’s business supplying LNG to power generators in South America, Middle East and Asia. Speaking to investors he…
Nearly two-thirds of oil and gas sector leaders, surveyed by the Norwegian classification society DNV GL, plant to boost spending on gas projects in 2018, with gas expected to overtake…
Against the run of play, LNG buyers are prepared to pay a premium for supply from Australia and the United States – described by Standard & Poor’s as “the swing”,…
The U.S. decision to leave the Iran nuclear deal and force the Middle East nation to cut its oil exports again keeps pushing up Brent, WTI and oil-linked LNG export…
The tanker was carrying a cargo from the Sabine Pass plant in Louisiana owned by Cheniere Energy. According to shipping data, the cargo was lifted on May 3 from the…
Mexico, the largest buyer of US pipeline gas and LNG, is preparing a tender for strategic storage at depleted oil and gas reservoirs. Cenagas, the Mexican National Natural Gas Control…
Advancing its capacity buildout, Cheniere Energy has taken a final investment decision (FID) on a third train at Corpus Christi LNG which will take the terminal’s liquefaction capacity to a…
California-based Sempra Energy has settled a dispute with Chicago Bridge & Iron (CB&I), the contractors working on transforming the Cameron LNG facility at Hackberry in Louisiana from an import to…
Alaska LNG has reached an agreement with BP and Alaska Gasline Development Corp (AGDC) on feed-gas supplies, including price and volume. The parties aim to finalize a long-term gas sales…
Dry natural gas production in the United States is forecast to reach a new record of 80.5 billion cubic feet per day (Bcf/d) in 2018, up from 73.6 Bcf/d in…
U.S. pipeline company Energy Transfer Partners has received approval from the Federal Energy Regulatory Commission (FERC) to place additional Phase-2 facilities into service. The $4.3 billion pipeline project will allow…

News Nudges

NFE seals long-term LNG supply deal to Caribbean

New Fortress Energy (NFE), the owner of LNG facilities in Florida and in Jamaica and projects in Puerto Rico and the US northeast, said it signed a long-term LNG supply agreement for eight cargoes a year for 10 years through January 2030. In addition to its 100,000 gallons per day liquefaction plant in Miami, NFE operates a floating LNG terminal in Montego Bay, Jamaica, along with a fuel-handling facility in Puerto Rico. Its Puerto Rican subsidiary NFEnergía has entered a 5-year gas supply contract and committed to convert two out of six units at the San Juan combined-cycle power plant (CCGT). The Miami facility began operations in April 2016 and enables the company to produce LNG for export in intermodal ISO containers to the Caribbean and to small-scale customers in southern Florida. The company is also looking at developing a Pennsylvania LNG distribution facility.