In this issue

 

Several US firms have submitted proposals in a USTDA tender for a Feasibility Study to assess and plan the development of LNG-related projects in Panama. The tender closed on January…
Oblivious, and seemingly unfazed by the forthcoming glut in global LNG supply, an array of new liquefaction and export projects have been speedily sanctioned by US regulators the first half…
Tuesday, 16 February 2016
Societe Generale recommends to go ‘long’ on the Mar-17 US natural gas contact, anticipating a March 2017 price to rally next year as the market becomes much less oversupplied. Bank…
US spot gas prices at Henry Hub are forecast to rise through much of 2016, spurred by rising industrial consumption and moderate supply growth due to falling rig counts. Starting…
Liquefaction is energy-intensive; hence the construction of such a facility tends to significantly increase the power load already being served in an area. An array of LNG export projects have…
Steward, a sleepy former gold and silver mining town on Canada’s northern Pacific Coast, might be revived by a liquefaction project after regulators granted an export licence to a firm,…
Houston-based Sanchez Energy said it has made further progress with the Catarina shale-gas wells underpinning plans for a liquefaction plant in South Texas. Sanchez and its partner Targa said they…
A ‘facility development permit’ has been granted to Royal Dutch Shell for development of up to 13 mtpa LNG Canada project, to be near Kitimat on British Columbia’s Pacific coastline.…
Canada's National Energy Board (NEB) has awarded its first 40-year LNG export license to the Shell-led LNG Canada Development Inc. Project developers, including PetroChina, were seeking a 6.1% annual tolerance…
Expanding US LNG exports beyond 12 billion cubic feet per day (Bcf/d) would benefit the US economy while maintaining cheap gas prices at home that give the domestic industry a…
With the liquefaction process at Cheniere Energy’s Sabine Pass terminal now in full swing, it looks like the first cargo will leave the Louisiana facility as planned in the third…
Neal Shear, interim chief executive at Cheniere Energy, has been given the green light to continue in his post until June 15, 2016. He succeeded the famed Charif Souki, who…
US gas prices are likely to stay low for longer, as the Energy Information Administration (EIA) expects gas production to rise by 1.5 Bcf/d in 2016 despite declining rig counts…
Tuesday, 16 February 2016
Natural gas production across all major US shale regions are seen declining. Substantial drop in rig counts since mid-2014 can no longer be compensated by productivity gains, hence EIA analysts…

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.