In this issue

 

Advancing a competing project, the former Cheniere CEO Charif Souki has filed an initial plan with regulators for Driftwood LNG on the US Gulf Coast to produce 26 mtpa. Souki…
Shares in Cheniere Energy surged over 6% on the day when the first US LNG exporter named a new CEO, ending a quarrel at the top of the firm. The…
Florida-based Eagle LNG has announced it started the construction of its Florida liquefaction plant in the port city of Jacksonville to supply the marine fuels market and other sectors from…
Dredging works are progressing at Freeport LNG to accommodate a second ship dock. Works began in early February 2016 and once completed in 2018, the Freeport facility will be able…
The US Federal Energy Regulatory Commission (FERC) has given the green light to Cameron LNG to build two additional liquefaction Trains and five in total for almost 25 mtpa in…
Within hours of the opening of the first booking period, the Panama Canal Authority (ACP) has filled all 25 available slots. First commercial transit through the expanded Canal is due…
The first cargo of US LNG to head for Europe is expected to land in Portugal. Galp Energy purchased the cargo shipped from Cheniere’s Sabine Pass terminal which is expected…
Passing of “The Energy Policy Modernization Act” in the US Senate by a vote of 85-12 was hailed by LNG project developers as a ‘watershed moment’. The bill will speed…
With the first ever US LNG cargo having set sail from Sabine Pass in February, the share of LNG from North America will continue to grow and is forecast to…
Despite relatively low prices, production of US natural gas production reached a record high level of 79 Bcf/d in 2015, up 5% year-on-year, according to EIA figures. Five states –…
A decline in engineering quality is jeopardizing timely proceedings and project management for new LNG ventures, Neeraj Nandurdikar, analyst at Independent Project Analysis (IPA) of Ashburn told the LNG18 conference.
Not only will Iran’s oil exports rise, once sanctions are untangled, the Islamic Republic is also gearing up to boost natural gas and liquids production. EIA analysts anticipate Iran’s non-crude…
Once sanctions are lifted, Iran aims to sell gas to Persian Gulf states, notably Oman, for export as LNG to global markets. The head of National Iranian Gas Export Co.…
LNG Ltd has received the Federal Energy Regulatory Commission (FERC) authorization to site, construct, and operate facilities to liquefy and export domestically produced natural gas from its Magnolia LNG terminal…

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.