Brownsville LNG project led by Vivek Chandra and Langtry Meyer makes advance on permits
Texas LNG, the project in Brownsville founded by Vivek Chandra and Langtry Meyer, has received its draft environmental impact statement (DEIS) from regulators.
US LNG and shale update
Aug 31 (LNGJ) - US LNG exports increased in the past week to six shipments, including five from Cheniere Energy’s Sabine Pass facility in Louisiana and one from the Dominion Energy Cove Point plant in Maryland. One further LNG carrier was lifting a cargo from Cove Point for imminent departure, according to a report from the Energy Information Administration. The benchmark Henry Hub natural gas spot price declined on the week to $2.96 per million British thermal units. Appalachian shale-gas prices and Permian Basin prices saw their discounts to the Henry Hub widen in the week because of flat demand. “Tennessee Zone 4 Marcellus spot prices decreased 25 cents from $2.61 per MMBtu to $2.36 per MMBtu. Prices at Dominion South in southwest Pennsylvania fell to $2.62 per MMBtu,” said the EIA. “Permian Basin spot prices at the Waha Hub in West Texas, which is located near the Permian, declined and are now at record lows compared to the Henry Hub,” it added. “Prices at the Waha Hub averaged $1.27 per MMBtu, $1.69 per MMBtu lower than Henry Hub prices. This decrease is the largest differential between Waha and Henry Hub prices since at least 2013,” stated the EIA.
