In this issue

 

Chevron’s $33 billion takeover of Anadarko – one of the world’s largest independent oil companies – will boost its lead in the Permian Shale, and grow its midstream and LNG…
Natural gas future prices for May at the U.S. benchmark Henry Hub have firmed to $2.535/MMBtu due to increased demand from the power sector and for feedgas from a growing…
The U.S. Energy Information Administration (EIA) expects natural gas prices at the benchmark Henry Hub will fall to an average $2.82/MMBtu this year, and decline further in 2020. The bearish…
Free ReadThe International Finance Corporation (IFC), a multilateral development agency and part of the World Bank Group, has said it provided a 15-year loan over $228 million to fund LNG-to Power…
The French energy major Total has signed two Heads of Agreements (HoA) with Tellurian Inc., the developer of the Driftwood LNG project in Louisiana, committing to invest in Driftwood Holdings…
Sempra Energy has at last seen progress in the commissioning of its Cameron LNG project, a former regas terminal being transformed into a liquefaction and export terminal. Feed-gas is now…
NextDecade, the developer of the Rio Grande LNG project in Texas, has signed an innovative 20-year sale and purchase agreement (SPA) with Shell. Around three-quarters of the purchased LNG volumes…
Free ReadStriving to remove perceived export barriers, three U.S. Senators have reintroduced the License Natural Gas (LNG) Now Act. It is aimed at revamping the current system put in place by…
As the second wave of the US shale revolution unfolds, the United States is forecast to account for 70% of the rise in global oil production and some 75% of…
Seeking to secure attractively-priced LNG for its power plant fleet, Thailand’s state-run Electricity Generating Authority (EGAT) is holding a bidding round in May and June. To qualify, interested bidders need…
Free ReadChart Industries and Indian Oil Corp (IOC), owner of India’s first East Coast LNG import terminal at Kamarajar Port, Ennore, have entered a cooperation to promote LNG developments in India.…
Latest earnings calls from publicly-traded U.S. gas producers show a slowdown in 2019 gas production although the role of private producers increases. Energy Aspects sampled E&P firms with a combined…
Free ReadLength in natural gas supply the U.S. Mid-Atlantic and Ohio region is building up amid rising production from the Marcellus and Utica Shale. Simultaneously, growing demand in the South Central…
The Argentine Secretary of Energy Gustavo Lopetegui has said it would take some time before Argentina becomes a globally competitive LNG market participant. “Shale gas production could be increased by…

News Nudges

Freeport LNG joins list of U.S. gas exporters

Freeport LNG has become the sixth major US liquefaction facility to start operations First LNG production for the project’s Train 1 occurred on 12th August, 2019, according to Japanese utility major JERA. Osaka Gas and JERA are involved in the project through a company, FLNG Liquefaction (FLIQ1). Work will continue towards the start up of commercial operation in the autumn of this year, the companies said. FLIQ1 made its final investment decision (FID) for Train 1 in October, 2014. The project operator is Freeport LNG Development. After achieving commercial start up, Osaka Gas and JERA will lift half of Train 1’s total contracted capacity amounting to about 4.64 mill tonnes per annum, on liquefaction tolling agreements with FLIQ1. In addition, both companies will each secure LNG without destination restrictions, diversify their supply sources and price indices, and enhance the stability and flexibility of their LNG procurement, JERA said. Ship tracking data showed several LNGCs in the area possibly waiting to load at the facility.