In this issue

 

LNG tanker transport natural gas liquefied at -161°C which is subsequently supplied to an import terminal where the LNG gets regasified by using heat exchangers (ambient and combustion vaporisers). During…
Cheniere Energy has told regulators that Train-1 of its Corpus Christi LNG export project in Texas will reach substantial completion in March 2019, followed by completion of Train-2 in September…
Prumo Logística has said that its subsidiary, Gás Natural Açu (GNA), has hired a consortium formed by Siemens and Andrade Gutierrez to build a 1,238-MW thermal power plant, based on…
The US oil major ExxonMobil has joined a group of eight International Oil Companies (IOCs), led by the European majors Shell and BP, to jointly put forward proposals to curb…
Gravitating away from importing LNG on a take-or-pay contract basis, China’s exceptional gas demand growth in winter 2017/18 not only increased incremental supply from longterm contracts by nearly 40% but…
Strong seasonal gas demand this winter for power generation and heating, along with high spot LNG prices in Asia and Europe, are forecast to push up US LNG export volumes.…
China’s new '2+26' cities policy – a pledge to cut emission in the country’s 28 northern cities by 15% year-on-year in the winter months – is limiting the use of…
Speedy approval of new mines in China has the potential to lower demand for seaborne coal imports by up to 50 million tons (Mt), sending down coal prices from levels…
Global petrochemical manufacturer INEOS has struck a long-term supply agreement with SP Chemicals which will see ethane, derived from US shale gas, being shipped to China for the first time.…
Exports of natural gas from the United States to Mexico – both by pipeline and shipments of LNG cargoes – have reached an all-time high of just under 7.8 Bcf/d…
Pemex, Mexico’s national oil company, has made the biggest onshore find of oil and associated natural gas in 15 years in the eastern state of Veracuz. The find near the…
Chart Industries’ latest compact LNG regasification station is now fully operational in Mexico, bringing natural gas to fuel an off-grid power station. The regas project is a first for the…
Iran’s deputy oil minister Ali Kardor, who also heads the National Iranian Oil Company (NIOC) has signed an energy roadmap with Gazprom chairman Alexey Miller that will see the Russian…
Attending the inauguration of Novatek’s landmark $27-billion Yamal LNG plant on December 8, the Saudi Arabian Energy Minister Khalid Al-Falih confirmed the Middle East oil nation is considering investing in…

News Nudges

Entergy gets permit to put Gulf Run pipeline in service

Entergy Transfer, the owner of the Lake Charles LNG export project, has received regulatory permission to put the Gulf Run pipeline in service as a provider of LNG feed gas and volumes for the domestic market. Stretching across 135 miles in Louisiana, the pipeline has a capacity of 1.65 Bcf/d and its set to bring gas from all major US shale basins to Lake Charles. Here, Energy Transfer is converting its existing LNG import and regas terminal into a liquefaction facility with 16.45 MTPA of exports. Several long-term offtake contracts have been signed, and Entergy signalled more would be in preparation.


ExxonMobil to double upstream earnings by 2027

US oil and gas major ExxonMobil said its upstream earnings potential could double by 2027 from three years ago with production expected to grow by 500,000 oil-equivalent barrels per day to 4.2 million oil-equivalent barrels per day. More than half of the additional volumes will come its priority LNG production areas at the Golden Pass project in Texas, in Mozambique, in Papua New Guinea as well as Qatar. “Around 90 percent of upstream investments that bring on new oil and flowing gas production are expected to have returns greater than 10 percent at prices less than or equal to $35 per barrel,” the company disclosed.