European natural gas and LNG prices surge by up to 40 percent as oil prices touch $40 per barrel level
Oil prices moved back above $40 per barrel for the first time since March while European natural gas prices and LNG vaue indicators surged by 40 percent to recover from historic lows amid more positive signals for global economies.
US LNG shipments
March 27 (LNGJ) - The US shipped 15 LNG cargoes from its export plants in the past week compared with 16 in the previous week. Seven shipments left Cheniere Energy’s Sabine Pass plant in Louisiana, while two departed from Cheniere’s Corpus Christi facility in Texas. At the four other plants, three were shipped from the Freeport plant in Texas, two departed from Sempra Energy’s Cameron facility in Louisiana, one left from Dominion Energy’s Cove Point in Maryland and none from the newest facility, the Elba Island plant in Georgia, according to the Energy Information Administration.
Cove Point LNG developer Dominion Energy reports solid earnings and seeks growth
Dominion Energy, the developer of the Cove Point LNG export plant in Maryland, reported fourth-quarter earnings of $1.1 billion compared with $641 million for the same period in 2018.
Cove Point LNG deal
Dec 23 (LNGJ) - Dominion Energy of the US said it completed the sale for $2.1 billion of a 25 percent non-controlling stake in Cove Point LNG in Maryland to Brookfield Super-Core Infrastructure Partners, a fund managed by Brookfield Asset Management Inc. of Canada.
Dominion’s Cove Point LNG unit owns the liquefaction plant and storage facilities located on the western shore of Chesapeake Bay as well as a 136-mile pipeline that interconnects the facility with the inter-state pipeline system.
