Tag Archives: LNG

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 […]

Major Energy Importer Bets $10 Billion On Natural Gas

Much of the attention in energy markets has been focused on OPEC and oil prices lately. But news this week suggests that a different energy commodity is quietly becoming the hottest story going worldwide. That’s natural gas. With the world’s top importing nation — Japan — saying this week it’s about to embark on a major spending spree in the sector. Japanese press reported over the weekend that government agencies are about to launch a major funding program for international natgas projects — specifically aimed at the liquefied natural gas (LNG) sector. With the government planning to make […]

Sabine Pass Train 4 Placed in Service

Cheniere Energy Partners, L.P. has completed the Commissioning of Train 4 associated with the Sabine Pass Liquefaction Project in Cameron Parish, Louisiana. As part of a 20-year sale and purchase agreement (SPA) with GAIL (India) Limited, the first commercial delivery for Train 4 of the Sabine Pass Liquefaction Project is expected to occur in March 2018.  The Sabine Pass Liquefaction Project consists of six liquefaction trains located at the Sabine Pass LNG terminal, which includes existing infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent (Bcfe), two marine berths that can accommodate vessels with […]

LNG Production Starts At Wheatstone

Chevron has announced the start of production at its Wheatstone LNG offshore project in Australia, with exports from the facility due to begin in several weeks. Initial plans had scheduled the first cargo for mid-2017, Reuters recalls. Wheatstone consists of two liquefaction trains that are together capable of producing 8.9 million tons of liquefied natural gas annually, which will be exported to Asian markets. The project, which cost US$35 billion (A$45 billion), is the latest addition to a string of large-scale LNG projects to come on stream in Australia, as the country seeks to exploit […]

CH2M Wins Pipeline Contract in Africa

CH2M has been awarded a new marine engineering support contract by KBR for BP’s Tortue development, located offshore Mauritania and Senegal. The new energy development project involves subsea gas production, a floating gas treatment facility, a pipeline with domestic gas connection points and a nearshore hub facility where the gas is converted into liquefied natural gas. The hub facility will provide breakwater-protected berths for a floating LNG production unit and, once completed, enable LNG exports. CH2M’s preliminary front end engineering design deliverables support final decision-making on the hub’s location and layout, the construction method for […]

Another U.S. LNG Export Project To Come Online In Q4

Liquefied natural gas, long the domain of foreign producers like Qatar, has come to the U.S., with many LNG projects in the works. In general, these projects are progressing quickly, and several have released recent updates on their operations. Cove Point on schedule to become second U.S. project to begin exports While most planned LNG facilities are located in either Louisiana or Texas, a few will be constructed outside of the Gulf. One of these, Dominion Energy’s (ticker: D) Cove Point in Maryland, is queued to become the second major U.S. LNG export facility to […]

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