Cove Point LNG owner Dominion says plant will begin LNG production in November Dominion Energy (ticker: D) has a lot of faith in the financial benefits that it will derive when it flips the switch and begins to export U.S. natural gas from its $3.4 billion Cove Point LNG liquefaction and export facility in Maryland. “We remain confident that our
U.S. producers enjoy higher prices due to international customers for LNG export cargoes; Canadian gas becoming increasingly stranded – report A lack of market choice for Canadian natural gas led to increased volatility and depressed prices over the summer, creating a higher-than-usual differential with the price of U.S. natural gas, according to the latest oil and gas price forecast by
The Saudi Aramco IPO, U.S. crude oil exports, U.S. LNG exports During last week’s EnerCom Dallas oil and gas investment conference, Tom Petrie, chairman and founder of Petrie Partners, gave a luncheon presentation entitled “Scoping 21st Century Energy Geopolitics.” At its heart, Petrie’s presentation was a look at “today’s realities” especially concerning Saudi Arabia’s oil fortunes, U.S. Middle East policy
From EIA Source: U.S. Energy Information Administration, based on Canada’s National Energy Board, Canada’s Energy Future 2016: Energy Supply and Demand Projections to 2040 In its recent publication, Canada’s Energy Future (CEF), Canada’s National Energy Board (NEB) projects that both Canada’s natural gas production and its domestic natural gas consumption will increase through the next decade. Exports of natural gas
LNG: Energy CEOs talk about exporting U.S. shale gas to Europe, Asia “We are changing the way the global natural gas markets are going to function”—Charif Souki, Cheniere Energy CEO The exportation of liquefied natural gas (LNG) and crude oil from the U.S. were hot topics at EnerCom’s The Oil & Gas Conference® 20. Marcellus producer Range Resources is well
– Building $550 Million Condensate Storage and Marine Terminal – Cheniere Partners Taking on $5.8 Billion Debt to Build Train 5 at Sabine Pass LNG Export Facility Cheniere Energy (ticker: LNG) is moving forward now on several energy export fronts. Word came out this week that the company’s plans are moving forward to construct a $550 million export terminal in
Coast Guard seeks to deliver protection against “invisible” attacks. United States Coast Guard Commandant Vice Adm. Paul F. Zukunft in a keynote address at the Center for Strategic and International Studies on June 15 said that while the U.S. port facilities have hardened their perimeters and they now notify the U.S. Coast Guard of intrusions in order to identify possible coordinated attacks, there is a notable hole
Project expansions to be funded from internally generated cash flow The United States’ first liquefied natural gas (LNG) export terminal is on target for completion by year-end 2015, and its operator, Cheniere Energy (ticker: LNG) is ramping up additional operations. On June 11, 2015, Cheniere announced two additional project developments that could increase the company’s nominal production capacity by as
The meteoric production rise of the Marcellus and Utica Shales has shifted the playing field of the natural gas market and changed the United States energy landscape. While the recent commodity swing has finally forced U.S. oil production to least plateau (for the time being), the Appalachia has delivered consistent year-over-year growth ever since horizontal drilling truly took off in
Is LNG Development Dying as Oil Prices Slide? The idea of converting natural gas to liquid form in order to export vast amounts of U.S. shale gas to international customers has caught the attention of U.S. drillers, energy export entrepreneurs and energy-hungry customers around the world. Prospective customers abound. Across the Atlantic, you’ve got European countries wanting to lessen their dependency on Russia as their primary supplier of energy. And
If Approved, New Export Capacity would Exceed 3.5 Bcf/d Sempra Energy’s (ticker: SRE) Cameron LNG plant, located in Hackberry, Louisiana, is about to get bigger. Representatives for the $10 billion LNG export plant applied for a facility expansion on February 24, 2015 – roughly four months after construction began. If approved, the expansion will provide an additional storage tank along
Some LNG projects in Australia in trouble Planned Australian liquefied natural gas (LNG) export projects are at risk as sinking energy prices make investments unviable, reports Reuters. A nearly 50% slump in Asian LNG prices this year has pressured any project without a Final Investment Decision (FID). Last week, Woodside Petroleum Ltd. (ticker: WPL) delayed the FID for its $40
