In this issue

 

Monday, 10 May 2021
Monthly US LNG Exports (MMt) period between 1st March and 30th April, inclusively.
Free ReadUS fracking companies fear the impact of President Biden’s plan to lower the number of drilling leases on federal land. Analysts see no near-term effect on volumes or prices until…
Dallas-based Energy Transfer has agreed to acquire Enable Midstream Partners in an all-equity transaction valued at around $7.2 billion. The merger is expected to lead to $100 million operational cost…
The developer of the Driftwood LNG export plant in Louisiana is still awaiting new investors to take stakes in the delayed venture since Indian company Petronet LNG withdrew as a…
Free ReadIt has become clear that the German government was ready to pay over €1 million to the Trump administration to avert US sanctions and proceed with construction of the Nord…
Fitch Ratings has warned fossil fuel exporters face a growing risk of loss of GDP, government revenue and export receipts as more upstream assets are downgraded, or become stranded, as…
Though ExxonMobil had to write down billions on its American gas assets, the oil major seeks to boost profits from its Permian Basin shale activities. “In 2020, capital expenditures in…
Cheniere Energy, the largest US LNG exporter from the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas, said the global LNG market had strengthened significantly in…
Free ReadUS 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…
Modelling how fast US energy demand will recover after the pandemic, analysts say the consumption of natural gas will increase faster than other fossil fuels. Electricity use is expected to…
The US Energy Information Administration (EIA) expects crude oil prices to rise from $50 per barrel in December 2020 to $56/bbl in the first quarter of 2021, caused by demand…
Free ReadCorpus Christi Liquefaction, the Cheniere Energy subsidiary operating the export plant in Texas, has asked the Federal Energy Regulatory Commission to start full commercial service from the third LNG Train…
NextDecade, developer of the Rio Grande liquefied natural LNG export project in Texas, has decided not to proceed with another venture called Galveston Bay LNG because part of the project…
Southern LNG Company, the operator of the Elba Island LNG export plant near Savannah in Georgia, is to host a full inspection of the facility by regulators just after the…

News Nudges

Charter rates rise

Shipping spot charter rates for LNG carriers soared in the West of Suez market with rates rising by up to $18,500 per day to be between $82,000 per day and $78,000 per day for vessels of 155,000-165,000 cubic metres capacity. East of Suez spot charter rates showed a more moderate increase of $1,500 per day to be quoted by shipbrokers at between $64,000 per day and $60,000 per day. One-year charter rates for the most modern vessels were unchanged at about $93,000 per day.


US LNG for UK

The 145,000 cubic metres liquefied natural carrier “Methane Lydon Volney” was discharging a US cargo on September 29 at the Isle of Grain import terminal on the Medway-Thames estuary, southeast of London. The vessel carrying a cargo lifted from the Sabine Pass plant in Louisiana docked after the UK National Balancing Point benchmark natural gas price hit a seasonal record on September 28.


Fatih Birol on Time 100 list

The Executive Director of the International Energy Agency (IEA), Fatih Birol has been named as one of the 100 most influential people by Time Magazine in its annual list. “In a world where facts are assaulted, Fatih Birol combines the best of high-tech data, optimistic know-how and old-school rhetorical finesse,” US Special Presidential Envoy for Climate John Kerry commented, suggesting the IEA head would use his authority to “slash carbon emissions and save our planet.”