In this issue

 

Buyers, spoilt for choice, have adopted a 'wait & see approach' but QatarGas does not see itself challenged. "We're optimising our established position but are not competing with US LNG,"…
Exports of US LNG to Europe will not be a game changer so "I see us more as a price taker in Europe," Charif Souki, chairman and CEO of Cheniere…
LNG buyers and sellers in Singapore will soon be able to trade gas domestically at a secondary market, allowing power producers to hedge their gas imports and rely less on…
Tuesday, 01 December 2015
Northwest Europe, most notably the UK Isle of Grain terminal, has overtaken Spain as the key supplier of reload cargoes from Europe. Though US LNG seeking a market of last…
Flexibility is the key value for Indian Oil Corporation (IOC) when it comes to signing new LNG supply deals. The Indian buyer is seeking more pricing flexibility, shorter duration of…
Prospects of US gas exports have been boosted by a report of the Department of Energy (DoE), saying that the Utica Shale may hold almost 800 trillion cubic feet of…
Natural gas production across all major US shale regions are seen declining from a high in May at 45.6 billion cubic feet per day (Bcf/d) to just 44.9 Bcf/d in…
Though Canada and more recently Argentina and China are producing commercial volumes of gas from shale formations or crude oil from tight rock, EIA analysts see additional gas supplies impact…
Antero Resources, with stakes in the Marcellus and Utica Shales, said it signed a 10-year agreement with the US unit of Japanese utility Chubu Electric Power to provide 70,000 MMBtu/day…
Two Houston-based companies, Targa Resources Partners and Sanchez Energy Corp., are planning to build a liquefied natural gas processing plant and feed-gas pipelines in the first LNG project targeting resources…
Tuesday, 01 December 2015
Gloomy predictions by Moody’s low global LNG prices anticipate that most of the 30 proposed liquefaction projects in North America will be cancelled. The collapse in oil prices narrows the…
Collapsing Henry Hub gas prices have shed 30% since recent high, making the US LNG exports more attractive. According to Morgan Stanley analysis, the US LNG price still shows a…
Though Shell's acquisition of BG is creating the world's largest LNG seller, Wood Mackenzie believes that regardless of the Tepco/Chubu merger, the buy-side is getting more fragmented.
ConocoPhillips, operator of the small-scale Kenai LNG export plant in Alaska, has filed an application with the US Department of Energy for authority to export cargoes to Free Trade Agreement…

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.