LNG

Kinder Morgan Inc., the US pipeline giant and key shareholder in the LNG export plant in Georgia and the Gulf LNG project in Mississippi, has completed the $1.22 billion acquisition of Stagecoach Gas Services, a natural gas pipeline and storage joint venture with assets serving the Marcellus Shale basin and northeast utilities.

The US Government expects LNG exports will average 8.5 billion cubic feet per day for all of 2021compared with 9.8 Bcf per day during January when around 18 to 22 cargoes were lifted each week from the six plants in operation amid high spot prices in North Asia.