In this issue

 

PetroChina recently commissioned new storage and regasification facilities at its Rudong terminal in Jiangsu province. Rudong could be the only Chinese import terminal to handle regasified Canadian LNG in 2020…
Wednesday, 04 January 2017
Carib Energy, a subsidiary of US shipping line Crowley Maritime Corp., is gearing up to export LNG in containers to Latin America after it was given a 20-year permit by…
Wednesday, 04 January 2017
Green light to ship US LNG to all destinations has been granted to the Elba Island LNG export project, where Shell is waiting in the wings as the main offtaker.
Exploration is gradually returning to profitability after five years of only single-digit returns. Dr Andrew Latham, VP of exploration at Wood Mackenzie commented: "The industry has a good chance of…
Wednesday, 04 January 2017
Cheniere Energy second liquefaction and export plant at Corpus Christi that will add to volumes from the Sabine Pass terminal is 47.1% complete, the Houston-based company told FERC in a…
Wednesday, 02 November 2016
Natural-gas futures hit a 22-month high in October which ushers in the start of a “multiyear bull market,” as analysts at Seaport Global Securities see it. The US Energy Information…
Portfolio LNG buyers in Japan are closely observing the ramp up of US LNG exports over the past six month. The first spot cargo will head from the US Gulf…
Though Asian LNG prices for November delivery rebounded slightly over the past ten days, the oversupply persists and helps open new markets: Indonesia and Jamaica have chartered floating storage units…
Expansion of the Panama Canal – a strategic shortcut for sea voyages between the Atlantic and Pacific oceans – has so far not sparked a significant rise in LNG tanker traffic.…
Crowley LNG Alaska, a unit of the shipping company Crowley Maritime, has won a contract to supply the fuel to a small dual-fuel power plant near Fairbanks in Alaska. The…
Completing its LNG trucking fuel chain along the US Pacific Coast, Clean Energy Fuels Corp has opened its first public liquefied natural gas station in Washington State. The fuel supply…
Anticipating that South Africa’s proposed LNG-to-power projects will cost up to $3.7 billion, the Department of Energy (DoE) announced it will reveal a list of preferred bidders for the projects…
Wednesday, 02 November 2016
Cheniere’s Sabine Pass LNG facility, the first new US export facility, has been given the regulatory green light to start commercial operations on the second liquefaction train. FERC authorized the…
Driftwood LNG has applied to the US Department of Energy for authorization to export up to 26 mtpa from a proposed plant on the Gulf Coast of Louisiana. Driftwood has…

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.