Export

A revamped Chesapeake Energy Corp. continues streamlining its strategy around supplying natural gas to the Gulf Coast LNG corridor, executives said in an earnings call on Wednesday. The company sees a somewhat softer natural gas market in 2023, with no real structural demand growth until new export capacity comes online starting in 2024. “As export…

EQT Corp. is in discussions with multiple liquefied natural gas (LNG) end-users across the world and may invest in liquefaction capacity as the call for U.S. exports grows.  The country’s largest natural gas producer already sells volumes to U.S. export terminals. It moves 1 Bcf/d from the Appalachian Basin to the Gulf Coast. However, the…

Cheniere Energy Inc. reported record liquefied natural gas (LNG) exports from its terminals in Louisiana and Texas during the second quarter, when demand surpassed expectations as the global market tightened further.  The largest U.S. gas exporter loaded 139 cargoes, or 496 TBtu of LNG, in the second quarter. Results shattered a previous record of 133…

Rich Montney Shale resources will let British Columbia (BC) take over from Alberta as the top Canadian natural gas producer jurisdiction within 20 years, according to two separate supply projections. Alberta falls behind BC in the latest national outlook by the Canada Energy Regulator (CER), Canada’s Energy Future 2020. The gas lead changes in both…

A Sentinel Midstream LLC subsidiary said Monday it has received a draft environmental impact statement (DEIS) for the deepwater crude oil export facility planned off the coast of Freeport, TX. The U.S. Coast Guard and the U.S. Maritime Administration (MARAD) issued the DEIS for the Texas GulfLink project, a “critical step in the regulatory process…

A Houston-based midstreamer is looking to squeeze in another oil export project on the Texas coast between the massive Houston and Corpus Christi ports that would move Eagle Ford Shale and Permian Basin supply overseas. Max Midstream announced the ambitious plan designed around the Seahawk Pipeline and Terminal in Port Comfort in Calhoun County. The…

After a year of overseas sales growth, the pioneer of propane tanker loadings on the north Pacific coast of British Columbia (BC) has doubled the volume authorized for its international traffic in the natural gas byproduct. AltaGas Ltd. has obtained a second 25-year export license for 40,000 b/d from the Canada Energy Regulator (CER). The…

Natural gas exports from West Texas to Mexico could average up to 1.5 Bcf/d throughout the second half of 2020 and 2021, driven by the completion of new infrastructure south of the border, according to a new analysis by Rystad Energy. Fermaca’s Villa de Reyes-Aguascaliente-Guadalajara (VAG) pipeline began operations in June, marking the completion of…

Dragged down by loose balances amid weaker export demand, natural gas prices skidded lower in July bidweek trading even as a toasty forecast offered some encouragement for the bulls. NGI’s July Bidweek National Avg. fell 9.5 cents month/month to $1.450/MMBtu. That marks a 53-cent decline from the $1.980 average NGI recorded for July 2019 bidweek,…