Tag Archives: LNG

The End Of The LNG Glut

Predicting Demand is Difficult Many reputable forecasters, who’ve anticipated an LNG supply glut for years, now expect a brief period of surplus at most, and gradual market tightening after 2020. But global demand, which has surprised market watchers to the upside and kept physical markets tight during the past four years, could cut this looming mini-glut short. Numerous factors are at play but a few key indicators will shed light on likely supply and demand conditions through the mid-2020s. Looking near term, the International Energy Agency (IEA) expects that available LNG export capacity will greatly […]

Andeavor Completes Acquisition of Kenai LNG Facility

KENAI, Alaska (AP) — Andeavor has completed its acquisition of the Kenai Liquefied Natural Gas facility. Kenai radio station KSRM , quoting Kenai Peninsula Borough Mayor Charlie Pierce, reports ConocoPhillips sold the plant to the company formerly known as Tesoro for $10 million. The companies had agreed to keep the sale price confidential. ConocoPhillips put the LNG plant up for sale in November 2016. In July, the company said it would scale back operations until it had found an interested buyer. The borough assessed facility at $55 million. The plant includes a dock and loading […]

BHGE AM ’18: Design Challenges of Novatek’s Yamal LNG, Arctic LNG 2

FLORENCE—In a keynote speech on Day 2 of the 2018 BHGE Annual Meeting (BHGE AM), Mark Gyetyay, CFO and deputy chairman of the management board of Novatek, discussed the Yamal LNG and Arctic LNG 2 projects in Russia. The execution of the Yamal LNG project, which Gyetyay called “one of the most difficult projects in the world,” required innovative solutions. More than 650 companies were involved in its execution. The project was started up Dec. 8. Yamal LNG required specially built equipment due to the harsh arctic conditions. A total of 38,000 pylons were constructed […]

Gulf Publishing’s Energy Web Atlas Releases New Features for Real-Time LNG Intelligence Service

Gulf Publishing Company, a leading provider of data and technical information for the international energy industry, announced today several enhancements to the Energy Web Atlas (EWA) applications. The ESRI-based geographic information system (GIS) platform allows users to examine real-time project information, export and manipulate data, and serves as a comprehensive source of actionable project intelligence. EWA’s flagship mapping platform includes detailed information on every liquefied natural gas (LNG) project, providing users with a single reference source for global LNG data as well as comprehensive global pipeline information. Additional features for the LNG platform includes: Ability […]

Dominion Energy Cove Point Introduces Feed Gas to LNG Facility

Dominion Energy Cove Point announced it has introduced feed gas into its newly constructed natural gas liquefaction facility currently undergoing commissioning in Lusby, Maryland. All major equipment has been operated and is being commissioned as expected following a comprehensive round of testing and quality assurance activities. Shell NA LNG is providing the natural gas needed for liquefaction during the commissioning process and will off-take the LNG that is produced. When commissioning is complete, Dominion Energy Cove Point will produce LNG for ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, and for […]

National Grid Proposes New Plan for Liquefied Natural Gas

PROVIDENCE, R.I. (AP) — Utility National Grid says it needs a domestic source of liquefied natural gas, and is proposing a $180 million facility with a pipeline that already passes through Providence. The Providence Journal reports that National Grid currently uses a storage tank for its liquefied natural gas supply, with replenishment trucked in from seaports. At a Tuesday hearing, National Grid project director Anthony LaRusso said domestic sources of natural gas are abundant, but overseas supplies are not. The Federal Energy Regulatory Commission is the primary permitting authority for the proposal, and federal law […]

Russian LNG Unfazed By U.S. Sanctions

Russia’s energy industry faces a new round of U.S. sanctions—including on oil projects in any location if a designated entity holds more than 33 percent. And in Europe, where Russia’s gas giant Gazprom currently holds a large share of the gas supplies, Poland and Lithuania are buying U.S. LNG in an effort to shake off Russian dominance. Despite the sanctions and cold shoulders from Poland and Lithuania, Russia still has plans to boost its LNG capacity and exports, with one of its major LNG export projects focusing on Asia, more specifically China, as its destination. […]

LNG Glut To Continue Into 2020s, IEA Says

The world’s LNG market will continue to be oversupplied into the mid-2020s as new supplies continue to outweigh demand, according to the International Energy Agency (IEA). The IEA added that Chinese demand could tighten the market earlier than that. “We will see massive amounts of new LNG capacity coming to the market … so we will probably continue to have well-supplied markets into the middle of the 2020s,” Keisuke Sadamori, director of energy markets and security at the IEA, said on Monday in Singapore, as quoted by Reuters. According to the EIA’s October Short-Term Energy […]

LNG Becomes A Buyer’s Market

The world’s liquefied natural gas (LNG) market has dramatically changed over the past few years. Continuously growing supply has led to a glut, and the U.S. starting LNG exports has led to more flexible contract terms. LNG trade is increasingly shifting to a buyers’ market, where importers are shaping the future of the LNG trade deals with exporters. Charif Souki, co-founder of the U.S. firm that upended LNG trade contracts, Cheniere Energy, has started a new company after being ousted from Cheniere two years ago. Now Souki’s new venture, Tellurian Inc, is talking with potential […]

Piped Gas vs. LNG: Competition May Be Heating UP

October 2017, Vol. 244, No. 10

Historically, the world trade of gas has been dominated by piped gas with first-ever commercial LNG cargo being delivered to the UK from Algeria in 1964. The growth of the fuel was steady, but accelerated when Qatar entered the supply market with huge LNG trains almost 10 years ago. Recent developments in U.S. shale gas and Australian reserves will unleash another surge in LNG exports. This transformation in the market has given rise to speculation of increased competition between LNG and pipeline gas. Demand Centers The Nexant base case projects that global natural gas consumption...

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US Looking to Japan for Help in Boosting LNG Exports to Asia

TOKYO (AP) — The U.S. is keen to work with Japan in expanding exports of U.S. liquefied natural gas in Asia, and hopes for more Japanese investment in American natural gas infrastructure, a senior Department of Energy official said Wednesday. Japan’s trade and industry minister announced Wednesday plans for a $10 billion public-private effort to build LNG terminals, power plants and other facilities to help meet rising energy demand in Asia. “The global demand for liquefied natural gas is rising sharply and the expansionary trend will continue for a while, mainly in Asia,” Hiroshige Seko, […]

The U.S. LNG Boom Could Be About To Stall

While speaking before industry executives last June, United States President Donald Trump asserted that he had “ended the war on coal” and that America would be “dominant” in energy. But where does this all stand now? Much of the Trump administration’s hope for achieving dominance requires increasing exports of liquid natural gas (LNG) from six new liquefaction and export facilities. One of these, Cheniere Energy’s Sabine Pass plant in Louisiana, is now being expanded, while the rest are approved and scheduled to be completed in the next three years. When they’re all in service, they’ll […]

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