LNG

First U.S. Floating LNG Project Delfin Gets License to Export 1.8 Bcf/Day

First U.S. Floating LNG Project Delfin Gets License to Export 1.8 Bcf/Day

Delfin deepwater LNG clears export hurdle

The U.S. Department of Energy approved a long-term application to export liquefied natural gas (LNG) from the U.S.’s first offshore project, Delfin LNG, LLC.  Exports in the amount of 1.8 billion cubic feet per …

LNG Titans Clash over Contract Terms

LNG Titans Clash over Contract Terms

Japan wants better prices, less restrictions; Qatar says not so fast

The advent and growth of global LNG production and shipping has brought energy to markets with little or no access to natural gas for domestic use.

Countries in Asia …

Another $81 Million toward U.S. LNG Export Capacity: Venture Global’s Funding Reaches $361 Million

Another $81 Million toward U.S. LNG Export Capacity: Venture Global’s Funding Reaches $361 Million

Venture Global LNG has raised additional capital of $81.4 million in its sixth round of equity investment to capitalize its two proposed LNG export projects in south Louisiana. The recent offering, a private Reg. D transaction, brings the company’s aggregate …

Alaska in Talks to Purchase ConocoPhillips’ Nikiski Kenai LNG Facility

Environmental Group Poses Legal Challenge to U.S.’s Largest Proposed LNG Project

The Center for Biological Diversity announced its attempt to intervene in Federal Energy Regulatory Commission proceedings on the state of Alaska’s plans to build the nation’s largest-ever liquid natural-gas project.

Alaska LNG had been described as a “gigaproject” by those …

We want Private Companies to Operate Oil & Gas Storage Here: China

We want Private Companies to Operate Oil & Gas Storage Here: China

Chinese authorities announce plans to further reform the country’s oil and gas sector; call for increased imports of low-priced U.S. natural gas

China has said it will allow private companies to invest in the country’s oil and gas storage sector, …

Tellurian Offers 10 Million Shares, but Quickly Pulls Offer

Tellurian Offers 10 Million Shares, but Quickly Pulls Offer

On May 17, 2017,  U.S. LNG export startup Tellurian Inc. (ticker: TELL) announced it planned to sell 10,000,000 shares of its common stock in an underwritten public offering with Credit Suisse Securities (USA) LLC as the deal’s sole book-running manager …

Creole Spirt, Teekay Tanker Suezmax Tanker, Source: Teekay

Deal Paves Way for Mega-sized U.S. Energy Exports

China world’s largest energy consumer

A new deal between China and the U.S. has thrown open a door for U.S. LNG producers to export the country’s vast energy supplies to China. It’s the first step for the U.S. to become …

Source: Gazprom. LNG Tanker

Global LNG Competition Stiffens: Who’s Got the Best Deal for Me?

Malaysia’s Petronas is looking to entice global buyers with smaller, shorter, more flexible LNG contracts and to eventually supply trucks and ships with the fuel

Petronas, Malaysia’s state-owned energy company, and the world’s third-largest LNG exporter is exploring shorter-term contracts …

Source: Royal Dutch Shell

43 Q1 Cargoes Shipped by Cheniere Add Up to Revenue, Earnings

We are all very impressed with the increase in demand, especially in Asia. And I don’t think any of the consultants have anticipated the demand increases that we’re starting to witness – Jack Fusco

The U.S.A.’s first operational LNG exporting …

May 5, 2017 - 2:02 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Oil & Gas Infrastructure Could Generate 1 Million U.S. Jobs, Bump GDP by Almost $2 Trillion

Oil & Gas Infrastructure Could Generate 1 Million U.S. Jobs, Bump GDP by Almost $2 Trillion

$1.3 trillion private investment in oil and gas infrastructure could add almost $2 trillion to U.S. GDP

By 2035, if the right regulatory policies are in place, private investment could exceed $1.3 trillion for oil and natural gas infrastructure, and …

Societe Generale and Macquarie Capital Named Financial Advisors for Rio Grande LNG Project

Societe Generale and Macquarie Capital Named Financial Advisors for Rio Grande LNG Project

Two banks bring $40 billion of LNG capital raise history to the project

Texas-based LNG export developer NextDecade, LLC said it has appointed Societe Generale and Macquarie Capital to act as joint financial advisors in conjunction with the anticipated debt …

Source: http://www.gazprom.com/press/gallery/events/649250/

Gazprom Reports $17.5 Billion of Profit in 2016 Despite Weaker Pricing

Gazprom continues to sell an increasing amount of gas to Europe

Russia’s state-owned gas giant Gazprom (ticker: OGZPY) announced its financial results for full-year 2016 Thursday, reporting a stronger profit despite lower sales prices.

The company supplied a record 178.3 …

Gulf Coast LNG Importer Golden Pass Cleared to Export from Proposed $10 Billion Plant

Gulf Coast LNG Importer Golden Pass Cleared to Export from Proposed $10 Billion Plant

U.S. Oks Qatar Petroleum/ExxonMobil to Ship U.S. NatGas to Non-FTA Nations from Texas

The U.S. Department of Energy has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not …

April 26, 2017 - 4:54 pm Closing Bell Story‎, Jobs, LNG, Oil and Gas 360 Articles
ConocoPhillips Weighs Developing New Gas Fields to Feed Darwin LNG Expansion

ConocoPhillips Weighs Developing New Gas Fields to Feed Darwin LNG Expansion

Darwin’s current production will run dry by 2022

ConocoPhillips (ticker: COP) is considering expanding its Darwin LNG facility, taking advantage of nearby undeveloped gas fields. A feasibility study has been commissioned to examine different LNG process technologies and production volumes …

Second LNG Reverse Merger in 2017

Second LNG Reverse Merger in 2017

3.55 Bcf/d Rio Grande LNG project slated to go public

NextDecade and Harmony Merger Corp (ticker: HRMN) agreed to merge today, in a reverse merger that would bring NextDecade public.

NextDecade is planning the Rio Grande LNG project, a proposed …

Alaska’s Gov. Walker Makes ‘Sovereign-to-Sovereign’ LNG Pitch to China’s Xi

Governor pitching Alaska LNG to Xi: ‘the entire value chain is available to them’ –  Walker

By Energy Wire

ANCHORAGE, Alaska — Chinese President Xi Jinping made a historic stop in Alaska on Friday, meeting with state Gov. Bill Walker …

April 10, 2017 - 12:48 pm Closing Bell Story‎, Energy News, LNG

Japan LNG Buyers Wary of Tellurian’s Fixed-Price Offer

Souki adds a twist to the global LNG equation

 From Reuters

CHIBA, Japan, April 6 (Reuters) – Japanese buyers of liquefied natural gas have shown cautious interest in Tellurian Inc’s bold guarantee of U.S. LNG delivered at a fixed price …

April 6, 2017 - 11:33 am Closing Bell Story‎, Energy News, LNG
An ONGC Asset Manager at Mori Source: ONGC

India Investing $3 Billion in Iran Gas Field

ONGC Videsh revised its plan to develop Iran’s Farzad-B natural gas block

India’s largest oil and gas explorer is looking to invest into Iran as the country looks for ways to meet its growing demand for oil and natural gas. …

U.S. Approaching Net Exporting Of Gas, Driven By Shale and LNG

U.S. Approaching Net Exporting Of Gas, Driven By Shale and LNG

December gas export volumes 98% of import volumes, highest ever

The U.S. unconventional boom has fundamentally changed the natural gas supply situation in the U.S. with plentiful gas easily available. This has changed not only the nation’s gas markets, but …

Qatar to Restart Development of the World’s Largest Natural Gas Field

Qatar to Restart Development of the World’s Largest Natural Gas Field

Qatar lifts moratorium on developing the North Field, which holds the majority of the country’s natural gas

Qatar will end a self-imposed moratorium on further developing the North Field as it hopes to remain competitive and capture more market share …

Source: Gazprom. LNG Tanker

Petronas Exports First Ever Cargo from an FLNG Facility

Satu FLNG producing offshore Borneo

Petronas will be the first company to export LNG from a floating production unit, beating competitors Shell and Inpex according to Reuters.

Located off the coast of Borneo, Petronas’ Satu facility is currently loading …

Source: Royal Dutch Shell

Asian Natural Gas Market Hub Needed: EIA

Asian version of Henry Hub would open up markets

The rise of global LNG trade could support a market hub for natural gas in Asia, according to a note released by the EIA today. As the world’s largest consumer of …

Source: Gazprom LNG Storage Tanks

Asia is Forming an LNG Buyers’ Club

Roughly one-third of the world’s LNG purchasing power is lobbying for flexible contracts

Global oversupply in liquefied natural gas has emboldened buyers to push for more favorable contracts.

Korea Gas Corp. (KOGAS), Japan’s JERA and China National Offshore Oil Corp. …

Source: Royal Caribbean ---    World’s 3 largest cruise ships converge off Florida Coast:  Royal Caribbean International’s Oasis of the Seas, Allure of the Seas and Harmony of the Sea meet off the coast of Florida November 4, 2016.

Natural Gas is Reducing Transport Sector Emissions at U.S. and Canadian Port Cities

New truck engine reduces NOx emissions to near zero – 90% below current limit

There are a lot of trucks required to transport freight, containers and other cargo around a port. One of largest drayage trucking companies in the Ports …

Kinder Morgan Launches Open Season on Gulf Coast Express NatGas Pipe from Permian to Gulf Coast

Kinder Morgan Launches Open Season on Gulf Coast Express NatGas Pipe from Permian to Gulf Coast

Pipeline will provide route to export Permian’s gas to Mexico and ship as LNG

Kinder Morgan, Inc. (ticker: KMI) has announced the start of a non-binding open season for firm natural gas transportation service on its proposed Gulf Coast Express …

55 Bcf/d of LNG Export Applications Received by DOE

55 Bcf/d of LNG Export Applications Received by DOE

65 export applications on file

Global LNG trading is expected to grow significantly in the next 15 years, and much of this growth will be fueled by exports from the U.S. The EIA reports that 65 applications have been filed …

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere’s Midship open season ends March 30

Cheniere Energy’s (ticker: LNG) Midship Pipeline Company, LLC has signed agreements with foundation shippers to support construction of a 200 mile, 36-inch interstate natural gas pipeline project and has launched a binding open …

An Oil & Gas 360® Exclusive: Interview with Tellurian CEO Meg Gentle

An Oil & Gas 360® Exclusive: Interview with Tellurian CEO Meg Gentle

“We’re not just a one project developer, developing our asset and then clipping coupons from it

Cheniere, Tellurian and U.S. LNG

If you go all the way back to the pre-shale boom days when the U.S. was forecasting a …

ExxonMobil Takes $2.8 Billion Dive Offshore

ExxonMobil Takes $2.8 Billion Dive Offshore

ExxonMobil acquires a 25% stake in Eni’s Mozambique offshore project

ExxonMobil (ticker: XOM) announced Friday that the company has purchased a 25% indirect interest in the natural gas Area 4 block offshore Mozambique from Eni (ticker: E) for $2.8 billion. …

Engie Looks to Sell Interest in India’s Biggest LNG Importer

From Bloomberg

Engie SA, France’s former natural-gas monopoly, plans to sell its entire 10 percent holding in India’s biggest importer of liquefied natural gas.

Engie unit GDF International has written to the four Indian state companies that together own half …

March 9, 2017 - 5:29 pm Closing Bell Story‎, LNG, Natural Gas News