In this issue

 

One-in-five LNG cargoes setting sail from Sabine Pass are heading to Mexico this year while demand from Argentina and Brazil remains sluggish. Mexico imported 29 cargoes from the US in…
AES Colón – a $1.15 billion LNG import terminal and adjacent combined-cycle power plant – has just been inaugurated in Panama. The project comprises the first LNG regas terminal in…
Seeking to accommodate U.S. President Donald Trump’s demands for greater LNG sales to Europe, the European Commission President Jean-Claude Junker has said the EU would build more LNG import terminals.…
The Government of South Korea is planning to cut natural gas taxes by 74% and raise taxes on the use of thermal coal for power generation by 27% next year.…
US LNG export project investors and potential foreign importers of the fuel have been informed by the US government that non-Free Trade Agreement permits are valid for their whole 20-year…
The Federal Energy Regulatory Commission (FERC) has authorized the commissioning of Train 1 and the common area utilities at both the liquefaction and pre-treatment facilities. Freeport’s first three Trains are…
Monday, 03 September 2018
Pieridae Energy, the developer of the Goldboro LNG export project in the Canadian Atlantic Coast province of Nova Scotia, has posted widening second-quarter losses as it progresses with the venture…
Keen to accelerated the commissioning of Train-5 at Sabine Pass LNG, Cheniere Energy has filed a request with the Federal Energy Regulatory Commission (FERC) for permission to inject feed gas…
TransCanada, a major North American pipeline operator, has placed into service the Topolobampo Pipeline at a cost of $1.2 billion. Spanning over a distance of 348 miles (560km), the pipeline…
Cheniere Energy is working towards having Corpus Christi liquefaction Trains 1 and 2 substantially completed in the first half of 2019, and Train-2 in the second half of next year.…
The spread in natural gas prices between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown…
Nearly two-thirds of oil and gas sector leaders, surveyed by the Norwegian classification society DNV GL, have increased spending on gas projects in 2018; hence natural gas is expected to…
Improved execution of oil & gas upstream projects is now being achieved thanks to greater corporate discipline, more pre-FID planning and reduced project scope. This allows project delivery to finally…
Despite harsh rhetoric, both China and the United States can still avoid a damaging trade war, industry participants hope. Strikingly, China has not included US agricultural products and LNG on…

News Nudges

FERC raises concerns over Jordan Cove LNG project

In its draft environmental impact statement (EIS) for the Jordan Cove LNG export project in Oregon, the US Federal Energy Regulatory Commission (FERC) raised “serious reservations” about the environmental impact of the Canadian-led venture. Jordan Cove LNG, owned by Pembina Pipeline Corp., is designed to include five small-scale liquefaction Trains each with 1.5 mtpa of output for a total of 7.8 mtpa. It will also include two full-containment LNG storage tanks with total capacity of 320,000 cubic metres, gas treating facilities, an export jetty and access to more than 25 Bcf/d of gas supply from Western Canada and the US Rockies. “We conclude that constructing and operating the project would result in temporary, long-term, and permanent impacts on the environment,” said the FERC in its draft report. “Specifically, we conclude that constructing the project would temporarily but significantly impact housing in Coos Bay and that constructing and operating the project would permanently and significantly impact the visual character of Coos Bay. Furthermore, constructing and operating the project is likely to adversely affect 13 federally-listed threatened and endangered species,” the regulator stated. As proposed, the LNG plant would be visited by about 120 LNG carriers per year and Pembina has confirmed that it had signed preliminary accords with Jera and Itochu of Japan for the supply of LNG. The natural gas feeder pipeline would link to the existing pipeline systems in Klamath County, Oregon, and would span parts of Klamath, Jackson, Douglas, and Coos counties before connecting with the LNG plant. The approximately 229-mile-long, 36-inch-diameter pipeline would be capable of transporting up to 1.2 Bcf/d of natural gas.


Bangladesh nears start-up of 2nd FSRU

Bangladesh is getting ready to commission its second floating storage and regas unit (FSRU) in an effort to import more LNG for use in the power sector. Moored offshore the port of Cox’s Bazar, the FSRU vessel ‘Summit LNG’ has been chartered from Excelerate Energy in a project involving Summit Power. The Summit Group stated the ‘Summit’ FSRU can handle around 3.75 mtpa of LNG, which effectively doubles the Bangladesh’s LNG import capacity after a first FSRU, the ‘Excellence’, was commissioned at Moheshkhali Island in August last year. All regasified LNG, produced at the new FSRU, will be procured by state-owned Petrobangla. To transport the gas, the Chinese major CNOOC has been commissioned to build a 4.2 mile pipeline that connects Summit FSRU to the shore. Singapore-based Summit Power operates 20 power plants in Bangladesh with an installed capacity of 1,941 MW, which is about 20% of the country’s total privately-held power generation. Summit is currently developing a 583 MW gas power plant in the town of Meghnaghat, some 20km south of the capital Dhaka. The plant is planned to be commissioned in March 2022. Muhammed Aziz Khan, chairman of Summit Group, said the company was “working towards achieving power and energy sufficiency in Bangladesh under the bold leadership of the government.” Targeting Bangladesh, GE has agreed to potentially provide $50 million to Summit to be used for the development of power projects. Mitsubishi Corp. owns a 25% stake in Summit Group since Augsut 2018, and is also eying to participate in power projects across Southeast Asia.