LNG

Source: Gazprom. LNG Tanker

Venture Global Plaquemines LNG Files for FERC Approval

2.6 Bcf/d Plaquemines facility to begin construction in 2018

Venture Global LNG announced Wednesday that it has submitted the FERC application for its Plaquemines LNG facility. Located in Plaquemines Parish, Louisiana, the Plaquemines LNG export terminal will be constructed on …

U.S. Looks Set to Export First LNG on Canada’s Behalf

From Bloomberg

Canada’s first exports of LNG may soon be heading overseas-from a port in Louisiana.

A year ago, Cheniere Energy Inc. built an LNG export terminal along Louisiana’s coast and became the only company shipping U.S. shale gas by …

March 2, 2017 - 2:57 pm Closing Bell Story‎, LNG, Natural Gas News

Tellurian’s Driftwood LNG Receives Approval for Exports to Free Trade Agreement Nations

Tellurian Inc. (ticker: TELL) announced today that their project Driftwood LNG has received authorization from the United States Department of Energy to export LNG to free trade agreement (FTA) nations.

Tellurian has also submitted an application to export LNG to …

March 2, 2017 - 2:54 pm Closing Bell Story‎, LNG, Natural Gas News
Latin America Main Destination of Cheniere LNG in 2016

Latin America Main Destination of Cheniere LNG in 2016

Sabine Pass ahead of schedule

Cheniere Energy (ticker: LNG) reported fourth quarter results yesterday, showing a net income of $109.7 million, or $0.48 per share. Overall 2016 results are a net loss of $610 million, or ($2.67) per share. Both …

Cheniere Partners Announces Pricing of Private Placement of $800 Million of Senior Secured Notes

Cheniere Energy Partners, L.P. (ticker: CQP) announced today that its wholly owned subsidiary, Sabine Pass Liquefaction, LLC, intends to enter into a note purchase agreement to issue and sell $800 million principal amount of 5.00% Senior Secured Notes due 2037 …

February 24, 2017 - 4:19 pm Closing Bell Story‎, LNG, Natural Gas News
U.S. to Become Major LNG Exporter: EIA

U.S. to Become Major LNG Exporter: EIA

EIA: U.S. net natural gas exporter by 2018

Following suit with recent analyses by BP, Shell and others, the EIA predicted in an announcement  today that the U.S. will become a major LNG exporter in the next 20 years. The …

Source: Cheniere Energy Corpus Christi LNG Rendering

U.S. Could Be the World’s Largest LNG Supplier by 2035

LNG demand to grow by 4-5% per year through 2030

LNG has grown significantly in the past decade, and is poised to grow even more in the next 20 years. While the vast majority of LNG has historically been supplied …

Tellurian is sharply cutting the equity buy-in for potential partners in a bid to make its business model to finance construction of its proposed Driftwood LNG export terminal more attractive.

Tellurian Investments Merges with Magellan Petroleum

Tellurian Inc active in Louisiana, UK, Australia

Tellurian Investments and Magellan Petroleum announced the close of their merger on Friday, creating the company Tellurian Inc.

Tellurian (ticker: TELL) is the result of a reverse merger, with the private Tellurian Investments …

Indonesia’s Bontang LNG to Have 32 Uncommitted Cargoes in 2017

From LNG World News

Indonesia’s Bontang LNG export plant expects there will be up to 32 uncommitted cargoes from the facility in 2017.

The number of uncommitted cargoes is one-fifth of the plant’s estimated production of around 160 cargoes this …

February 10, 2017 - 12:47 pm Closing Bell Story‎, Energy News, LNG
For Coal to Come Back, 3 Things Must Happen

For Coal to Come Back, 3 Things Must Happen

The inevitability of coal’s decline–that perception will probably change: Pipes

To set the stage for a coal comeback, one factor is already in place

Within minutes after his inauguration, President Trump posted a memo on the White House website entitled …

Portugal to Receive a Cargo from Cheniere’s Sabine Pass Facility

From LNG World News

According to the shipping data by the port of Sines, Portugal, the 162,000-cbm Clean Ocean LNG carrier is set to arrive at the REN-operated Sines terminal on February 13.

The Sines LNG terminal, that mostly receives …

February 9, 2017 - 1:20 pm Closing Bell Story‎, Energy News, LNG
MarkWest and Antero Midstream Announce Marcellus Joint Venture

MarkWest and Antero Midstream Announce Marcellus Joint Venture

Midstream venture will support Antero Resources production

MPLX LP (ticker: MPLX) announced a joint venture with Antero Midstream (ticker: AM) on Monday, in a venture to support development of acreage owned by Antero Resources (ticker: AR). MarkWest Energy Partners, a …

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

Deal creates Montney/Marcellus/Utica Midstream Export Opportunity

AltaGas Ltd. (ticker: ALA) and WGL Holdings, Inc. (ticker: WGL) announced on Jan. 25, 2017, they have entered into a definitive agreement and plan of merger for AltaGas to acquire WGL in an all …

China, India will Drive 30% Growth in Energy Consumption through 2035: BP

China, India will Drive 30% Growth in Energy Consumption through 2035: BP

BP says U.S. shale gas output to more than double

In its recently released 2017 Energy Outlook, BP outlines its predictions for global energy production and consumption through 2035.

Global consumption of energy is expected to increase by 30% …

Alaska in Talks to Purchase ConocoPhillips’ Nikiski Kenai LNG Facility

Alaska in Talks to Purchase ConocoPhillips’ Nikiski Kenai LNG Facility

Alaska determined to be an LNG exporter even when the oil and gas companies have bailed

Alaska’s KTVA11 reported last night that the Alaska Gasline Development Corporation (AGDC) said in a presentation before the Senate Resources Committee on Monday that …

January 24, 2017 - 4:49 pm Arctic, Closing Bell Story‎, LNG, Oil and Gas 360 Articles

LNG Beckons as Busy U.S. Ports Address Emissions Rules

From Bloomberg

(Bloomberg) — The tightening of emissions limits for deepwater ships has some of North America’s busiest ports chasing a new opportunity.

The UN’s International Maritime Organization last year cut limits on sulfur in marine fuels to 0.5% from …

January 13, 2017 - 10:40 am Closing Bell Story‎, Energy News, LNG
ExxonMobil Announces New Gas Discovery Offshore Papua New Guinea

ExxonMobil Announces New Gas Discovery Offshore Papua New Guinea

ExxonMobil says the Muruk-1 well has encountered “high-quality” sandstone similar to the Hides field

ExxonMobil (ticker: XOM) announced a new natural gas find Wednesday off the coast of Papua New Guinea. The Muruk-1 well encountered “high-quality” sandstone reservoirs similar to …

U.S. LNG Exports could Surge to 3 Bcf/day in 2017

From Argus

Houston, 21 December (Argus) — The US LNG industry expects another landmark year in 2017, with export volumes set to more than double to a gas equivalent of at least 3 Bcf/d (85mn m³/d).

The US likely would …

December 22, 2016 - 11:55 am Closing Bell Story‎, Energy News, LNG
Total Buys 23% of Tellurian with $207 Million Investment

Total Buys 23% of Tellurian with $207 Million Investment

Total + Tellurian to develop integrated gas project together

Total (ticker: TOT) is acquiring approximately 23% of Tellurian Investments, an early stage U.S. LNG export project that was founded by former Cheniere Energy (ticker: LNG) CEO Charif Souki and former …

Source: Novatek

Russia Signs 23 Energy Agreements with Japan

Russia and Japan ink 23 energy-related agreements including offshore and LNG

Russia and Japan deepened ties between the neighboring countries over the weekend as Russian President Vladimir Putin visited Japanese Prime Minister Shinzo Abe in Japan.

The talks were set …

FERC Says ‘No’ to Jordan Cove, Again

FERC Says ‘No’ to Jordan Cove, Again

 

The Federal Energy Regulatory Commission on Friday rejected the pending requests for a re-hearing by the Jordan Cove Energy Project L.P., Pacific Connector Gas Pipeline, the State of Wyoming and the Wyoming Pipeline Authority.

The commission orders read as …

December 14, 2016 - 9:57 am Closing Bell Story‎, LNG, Oil and Gas 360 Articles, Regulatory

LNG Market Moving toward Flexible Contracts: Kuwait Petroleum

From Natural Gas World

Weaker than expected demand in traditional Asia markets is leaving several large LNG buyers in the region over-contracted which should help accelerate a transition towards more flexible contractual structures, Nizar Mohammad Al-Adsani, CEO, Kuwait Petroleum Corporation …

December 7, 2016 - 1:57 pm Closing Bell Story‎, Energy News, LNG

Cheniere to Send LNG Supplies to Asia as soon as Next Month: Official

From Reuters

Houston-based Cheniere Energy Inc is gearing up to send its first supplies of liquefied natural gas (LNG) from its Sabine Pass export terminal on the U.S. Gulf Coast to Asian customers as a rise in prices in the …

November 29, 2016 - 8:51 am Closing Bell Story‎, Energy News, LNG
Tellurian is sharply cutting the equity buy-in for potential partners in a bid to make its business model to finance construction of its proposed Driftwood LNG export terminal more attractive.

Tellurian Receives $25 Million Equity Infusion from GE Oil & Gas

Tellurian and its Driftwood LNG export project move forward

Tellurian Investments Inc. announced that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian Investments with an implied Tellurian common stock value of $5.94 per share.…

November 28, 2016 - 1:58 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles, People

ConocoPhillips May Sell Kenai LNG plant

From  Alaska Dispatch News

ConocoPhillips said Thursday it’s in the “initial stages” of trying to sell its plant on the Kenai Peninsula that for nearly 50 years liquefied natural gas from Cook Inlet for export to overseas markets.

The company, …

November 18, 2016 - 9:22 am Closing Bell Story‎, Energy News, LNG

GAIL India Scraps $7-Billion Natural Gas Tender: Report

Press Trust of India

GAIL will now hire the ships from the global spot or current market to transport liquefied natural gas (LNG), a top official said; GAIL has tied up 5.8 million tonnes per annum of LNG from Sabine

November 14, 2016 - 1:39 pm Closing Bell Story‎, Energy News, LNG
The Fuel Mandate that Could Sway Refineries’ Appetites to Lighter Crude

The Fuel Mandate that Could Sway Refineries’ Appetites to Lighter Crude

International Maritime Organization legislation looks to lower emissions from ships to 0.5% from 3.5% by 2020

A push for cleaner fuels in the world’s maritime industry could drastically change the appetite of the world’s refineries, and the producers of …

November 8, 2016 - 6:14 pm Closing Bell Story‎, Downstream, LNG, Oil and Gas 360 Articles

Cameron LNG’s Former COO Moves to Venture Global LNG

From LNG World News

Venture Global LNG named the former chief operating officer of Cameron LNG, John Brian O’Leary, as senior vice president of operations of the company.

At Cameron LNG, O’Leary led the pre-operations planning for commissioning and operation …

November 3, 2016 - 11:32 am Closing Bell Story‎, Energy News, LNG

Chevron’s Wheatstone LNG Project to Cost US$5 Billion More, Woodside Plays Down Impact

From LNG World News

Chevron and its partners in the Wheatstone LNG project, including Australia’s Woodside, will have to splash more cash for the LNG project west of Onslow after the US energy giant announced a US$5 billion cost blowout.…

November 1, 2016 - 10:19 am Closing Bell Story‎, Energy News, LNG
Exxon Continues to Focus on the Long-term

Exxon Continues to Focus on the Long-term

Records 3Q production of 3.8 million boe/d, $2.7 billion earnings

The world’s largest publicly-traded oil company gave its 3Q 2016 earnings call this morning. Jeff Woodbury, Vice President of Investor Relations, was on the call while CEO Rex Tillerson was …