In this issue

 

In a world awash with LNG, the UK’s Brexit negotiations do not specifically focus on energy security, however “as the LNG supply and demand balance is forecast to tighten during…
Gail India, the state-run gas supplier, has bought a second shipment of LNG from Cheniere Energy that has set sail from Sabine Pass in Louisiana and is due to reach…
Canada’s first export of LNG is understood to be soon heading overseas from a port in Louisiana. Cheniere Energy is considering the liquefaction and export of natural gas sources as…
Vivek Chandra and Langtry Meyer, co-founders of the Texas LNG Brownsville project have selected Samsung Engineering and KBR to provide a detailed engineering report – as the basis for deciding…
Monday, 03 April 2017
Cleveland-based Chart Industries Inc. is about to carry out a series of management changes as part of a wider succession plan that will also see its corporate headquarters move to…
A bipartisan bill, launched by US Congressman John Garamendi (D – CA), calls for up to 30 percent of exports for liquefied natural gas and crude oil to be transported…
‘Vaca Muerta’, Spanish for ‘Dead Cow’, is the name of a pilot shale gas project in Argentina’s Neuquen province that Shell agreed to develop together with the state energy company,…
Reversing last year’s slight drop, the production of US dry natural gas is seen average 73.7 billion cubic feet per day (Bcf/d) in 2017, a rise of 1.4 Bcf/d year-on-year…
Reluctance of buyers to commit to sign firm offtake agreements with project developers due to the abundance of supply has inevitable consequences, with today over 80% of new-build capacity being…
Grappling with opposing signals on gas supply security, the state of California and energy companies are starting to embrace a “new level of resourcefulness,” says Callie Kolbe, analyst at Point…
British Petroleum (BP) agreed to collaborate with Alaska LNG project partners and set out terms for a tolling structure with a view to attract project financing. An accord to that…
Dwindling resources in Trinidad & Tobago – once a stalwart LNG exporter – combined with attacks on Nigeria’s gas export infrastructure, have cut short supply into the Atlantic Basin. This…
Investors fear that a proposed US border adjustment tax could slam earnings of oil and gas companies in the Canadian province of Alberta. Industry leaders are wary about a possible…
Spain is expected to take the lion’s share of US LNG in Europe as Gas Natural has started to offtake more cargoes on a regular basis in 2017, according to…

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.