In this issue

 

Short-cycle and flexible nature of US shale gas operations has made its economics more competitive than many conventional assets. In the face of depressed oil and gas prices, wildcat drillers…
US LNG exports, pushed back to early March, will come more dearly for European buyers than purchasing the gas on the spot market, Gazprom claimed, insisting that import volumes to…
Keen to maintain market share in oversupplied LNG markets with record low prices, Qatar now lures leading buyers by offering short duration cheap ‘teaser deals’ as it seeks to open…
As the first LNG tanker set sail from Sabine Pass in the last week of February, Charif Souki should have been celebrating his bellwether project. Instead, he is gearing up…
Nuclear restarts are gathering speed in Japan with three reactors now back on the grid; hence the world’s biggest LNG buyer reported the steepest plunge in gas imports in more…
Two-thirds of the growth in fuel demand will take place before 2025, thereafter efficiency gains in installed generating capacity in the OECD32 countries, notably through the switch from coal-to-gas generation,…
Blind-sighted by the US shale gas revolution, a flurry of developers have been seeking to export LNG from the lower 48 states even though much of this capacity is not…
This year, 2016, should see the much-awaited Final Investment Decision (FID) on the Shell-led LNG Canada project. It’s tipped as the front-runner after NorthWest LNG is beset by quarrels over…
Several US firms have submitted proposals in a USTDA tender for a Feasibility Study to assess and plan the development of LNG-related projects in Panama. The tender closed on January…
Oblivious, and seemingly unfazed by the forthcoming glut in global LNG supply, an array of new liquefaction and export projects have been speedily sanctioned by US regulators the first half…
Tuesday, 16 February 2016
Societe Generale recommends to go ‘long’ on the Mar-17 US natural gas contact, anticipating a March 2017 price to rally next year as the market becomes much less oversupplied. Bank…
US spot gas prices at Henry Hub are forecast to rise through much of 2016, spurred by rising industrial consumption and moderate supply growth due to falling rig counts. Starting…
Liquefaction is energy-intensive; hence the construction of such a facility tends to significantly increase the power load already being served in an area. An array of LNG export projects have…
Steward, a sleepy former gold and silver mining town on Canada’s northern Pacific Coast, might be revived by a liquefaction project after regulators granted an export licence to a firm,…

News Nudges

YPF issues $500m bond

Argentine oil and gas producer, Yacimientos Petroleiferos Fiscales (YPF) has isused a $500 million of 10-year, dollar-denominated notes to yield 8.75%. The sale on June 24 – the first such issuance in more than a year - was managed by the US Citigroup, the UK’s HSBC Holdings and Itau Unibanco Holdings SA of Brazil. Bankers said that proceeds from the sale would go towards working capital and refinancing YPF’s existing debt.


Pieridae Energy shares suspended at TSX

Pieridae Energy, developer of the Goldboro LNG project in the Canadian province Nova Scotia, has had its shares suspended on the Toronto Stock Exchange pending a market-relevant announcement. Trading in Pieridae’s shares were halted on the TSX Venture exchange June 25 at the request of the company’s CEO Alfred Sorensen, pending a possible material announcement in the next couple of days, said to be a natural gas resources acquisition.


US Delfin project delay

Delfin LNG has asked regulators for an extension of three year and six months to construct the plant and related facilities in Cameron Parish in Louisiana. The onshore facilities will transport natural gas to Delfin LNG’s proposed deepwater port in federal waters offshore Louisiana. Delfin told the Federal Energy Regulatory Commission (FERC) that due to the “detailed nature of the engineering design of the offshore facilities and the “the complexity of developing the necessary commercial arrangements”, progress on the project has been slower than originally anticipated. Delfin now proposes to place the export project on stream no later than the end of March 2023.