In this issue

 

Despite rising oil prices and production levels U.S. gas fracking companies are continuing to lose money, according to a review of the Institute for Energy Economics and Financial Analysis (IEEFA).…
Following eight years of global economic growth, economists agree a downturn is simply a matter of when and how deep. The worst case scenario, according to Wood Mackenzie, would be…
Free ReadThe spread in natural gas spot prices between the Henry Hub in Louisiana and the Appalachian region continued to narrow over the year just past. Prices fell at Henry Hub…
California-based Sempra Energy has decided to sell its equity interests two utilities in Chile and Peru to focus on its LNG export ventures in North America. Sempra CEO Jeffrey W.…
Britain is strong market for sellers looking to home excess gas supply this winter, National Grid said when announcing a record send-out of its Grain LNG import terminal. A robust…
Free ReadNextDecade Corp. envisages reaching financial close on the 27 mtpa Rio Grande liquefaction and export project in Texas in the third quarter of this year. The project remains subject to…
Steelhead LNG, developer of the near-shore export plant on Vancouver Island, is investigating the pipeline route to bring feed-gas from the Chetwynd area of northeast British Columbia to Sarita Bay.…
Houston-based Kinder Morgan has touted it will supply up to 40% of the gas volumes for future U.S. LNG and pipeline exports, and stays on schedule to start up its…
Free ReadDevelopment banks of Brazil and Germany, BNDES and KfW Ipex-Bank, have agreed a corporate financing deal worth R$1.76 billion ($471m) for an LNG-fuelled power project at the port of Açu,…
SeaFloat, a barge-mounted power plant based on SGT-800 gas turbine, will be provided by Siemens and the maritime arm of ST Engineering for Bermuda-based Seaboard Corp. The 145 MW power…
The US Department of Energy (DOE) has eased reporting mandates for liquefied natural gas exporters that would keep track of the ultimate end-user of the natural gas shipped overseas. It…
Free ReadArgentina’s LNG export aspirations may soon be a reality as Exmar, the Belgian shipping firm, has entered a 10-year charter with YPF to deploy a floating LNG liquefaction vessel at…
Wednesday, 02 January 2019
Strong, sustained growth in U.S. gas production is putting downward pressure on Henry Hub spot and futures prices. Dry gas production increased to 83.3 Bcf/d in 2018, according to figures…
Tellurian, the US LNG developer founded by ex-Cheniere CEO Charif Souki, has sealed a preliminary deal with Vitol to supply 1.5 mtpa of LNG cargoes for 15 years. The accord…

News Nudges

Freeport LNG joins list of U.S. gas exporters

Freeport LNG has become the sixth major US liquefaction facility to start operations First LNG production for the project’s Train 1 occurred on 12th August, 2019, according to Japanese utility major JERA. Osaka Gas and JERA are involved in the project through a company, FLNG Liquefaction (FLIQ1). Work will continue towards the start up of commercial operation in the autumn of this year, the companies said. FLIQ1 made its final investment decision (FID) for Train 1 in October, 2014. The project operator is Freeport LNG Development. After achieving commercial start up, Osaka Gas and JERA will lift half of Train 1’s total contracted capacity amounting to about 4.64 mill tonnes per annum, on liquefaction tolling agreements with FLIQ1. In addition, both companies will each secure LNG without destination restrictions, diversify their supply sources and price indices, and enhance the stability and flexibility of their LNG procurement, JERA said. Ship tracking data showed several LNGCs in the area possibly waiting to load at the facility.