In this issue

 

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…
Despite the fall in global oil and gas prices, growth of LNG use in Asia's power sector is limited by coal. "Only very competitively priced LNG has a chance to…

News Nudges

U.S. net gas exports double in H1-2019 and keep growing

Start-up of two liquefaction trains – Cameron LNG Train 1 and Corpus Christi LNG Train 2 –have pushed total U.S. net gas exports to 4.1 billion cubic feet per day (Bcf/d) in the first half of this year, more than double pre-year levels. Apart from LNG, pipeline gas is exported to Canada and Mexico. As of June, total U.S. LNG export capacity reached 5.4 Bcf/d across four facilities and nine liquefaction trains – a significant rise compared with 2.0 Bcf/d net exports in 2018. Net natural gas exports is forecast to continue rising through the end of 2019 as additional LNG export capacity comes online and pipeline infrastructure in Mexico is placed into service. In its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) foresees net gas exports averaging 4.6 Bcf/d in 2019 and 7.2 Bcf/d in 2020. Cameron Train, the fourth U.S. LNG placed into service since February 2016, was followed by Freeport LNG Train 1 and the small-scale Elba Island LNG venture. Together, these three project are seen to nearly double U.S. LNG export capacity to 8.9 Bcf/d by the end of 2020. Although U.S. LNG exports have grown substantially, most U.S. natural gas trade is transported via pipeline across shared borders with Canada and Mexico. In the first half of 2019, net exports of natural gas by pipeline to Mexico grew by 5%, and net exports of natural gas by pipeline to Canada remained relatively flat. Exports to Canada surged when the second phase of both the Rover pipeline and the new NEXUS pipeline entered service, allowing gas flows from the Appalachian Basin to the St. Clair point of exit northeast of Detroit. Deliveries to Mexico grew following the start-up of the Texas-Tuxpan pipeline, transporting gas from the U.S. Permian Basin.