In this issue

 

Free ReadIt has become clear that the German government was ready to pay over €1 million to the Trump administration to avert US sanctions and proceed with construction of the Nord…
Fitch Ratings has warned fossil fuel exporters face a growing risk of loss of GDP, government revenue and export receipts as more upstream assets are downgraded, or become stranded, as…
Though ExxonMobil had to write down billions on its American gas assets, the oil major seeks to boost profits from its Permian Basin shale activities. “In 2020, capital expenditures in…
Cheniere Energy, the largest US LNG exporter from the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas, said the global LNG market had strengthened significantly in…
Free ReadUS 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…
Modelling how fast US energy demand will recover after the pandemic, analysts say the consumption of natural gas will increase faster than other fossil fuels. Electricity use is expected to…
The US Energy Information Administration (EIA) expects crude oil prices to rise from $50 per barrel in December 2020 to $56/bbl in the first quarter of 2021, caused by demand…
Free ReadCorpus Christi Liquefaction, the Cheniere Energy subsidiary operating the export plant in Texas, has asked the Federal Energy Regulatory Commission to start full commercial service from the third LNG Train…
NextDecade, developer of the Rio Grande liquefied natural LNG export project in Texas, has decided not to proceed with another venture called Galveston Bay LNG because part of the project…
Southern LNG Company, the operator of the Elba Island LNG export plant near Savannah in Georgia, is to host a full inspection of the facility by regulators just after the…
January-February exports at 10.14mmt on 28th February - Down 1.90mmt (16pct) over November-December period - Shipments up 0.81mmt (9pct) over period year-on-year - Avg. US capacity utilisation at 82pct for report period
Free ReadMonthly US LNG Exports (MMt) as oof 4th March for the period between 1st January and 28th February, inclusively.   Elba Island LNG Elba Island LNG exported two cargoes, amounting to…
Freight rates for shipping US LNG to Asia will fall once the Panama Canal congestion eases in early February 2021. However, analysts expect Northeast Asia’s call on US supply will…
Former Alaska Governor Bill Walker and the ex-head of the state-backed Alaska Gasline Development Corp. (AGDC) and its LNG project, Keith Meyer, have set up a company and offered to…

News Nudges

US rig count rises

The Baker Hughes Rig Count reported three more rigs deployed in the US in the past week and taking the total to 698. Oil rigs are up three while natural gas rigs are unchanged at 144 along with miscellaneous rigs at two. “The US Rig Count is up 258 rigs from last year's count of 440 with oil rigs up 210 and gas rigs up 48,” said Baker Hughes. The Canadian Rig Count is up 44 rigs from last year's 51 with oil rigs up 25 and natural gas rigs up 19.


Texas LNG for UK

The Panamanian-flagged LNG carrier “Prism Brilliance” is scheduled to deliver a US cargo on April 21 to the UK South Hook import terminal at the port of Milford Haven in Wales. The cargo was lifted by the 180,000 cubic metres capacity ship on March 20 from the Freeport export facility on Quintana Island in Texas, according to shipping data.