Canadian midstream player Pembina Pipeline Corp. has written down the assets for the Jordan Cove liquefied natural gas (LNG) export project in Oregon and no longer can predict if the project will move forward, executives said last week. Pembina has logged a one-time C$1.6 billion ($1.27 billion) impairment, partly for the export project. Management cited…
Exports
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Louisiana Export Project Could be in ‘High Demand’ as LNG Market Targets Emissions
Global buyers are increasingly scrutinizing how liquefied natural gas (LNG) is produced and delivered, with an eye on the environment. A proposed export terminal in Louisiana could be the first to produce net-zero emissions LNG. G2 Net Zero LNG Chairman Chas Roemer believes a more responsibly produced LNG is imperative as both the environment and…
In Industry First, Cheniere to Track LNG Emissions from Wellhead to Loading for All Cargoes
Cheniere Energy Inc. beginning next year plans to provide customers with greenhouse gas emissions data for each liquefied natural gas (LNG) cargo loaded at its U.S. export terminals in yet another sign of environmental scrutiny across global energy markets. CEO Jack Fusco said Wednesday the decision represents the first time a major LNG producer has…
U.S. Feed Gas Nominations Still Climbing as Exports Recover from Deep Freeze — LNG Recap
U.S. feed gas deliveries were poised to hit their highest point in nearly two weeks on Tuesday as liquefied natural gas (LNG) export operations along the Gulf Coast continued ramping up after a historic winter storm nearly shut them down last week. Feed gas deliveries have been climbing in recent days, surpassing 8 Bcf on…
LNG Loading Resumes Along Gulf Coast After Storm — The Offtake
A roundup of news and commentary from NGI’s LNG Insight Feed gas nominations to U.S. LNG export terminals are strengthening after frigid temperatures brought operations to a standstill. NGI data showed nominations at 8.66 Bcf early Monday, or roughly 86% of U.S. LNG capacity, according to Wood Mackenzie. Nominations haven’t bounced back fully as Freeport…
LNG Tanker Finally Departs Gulf Coast, but Export Operations Largely at Standstill
Gulf Coast liquefied natural gas (LNG) export operations were again near a standstill on Thursday as plants were working to comply with Texas Gov. Greg Abbott’s order banning out-of-state gas sales and handling issues related to an Arctic blast that’s still gripping the region. Just one LNG vessel has been loaded on the Gulf Coast…
Natural Gas Market Chaos Continues as Texas Governor Bans Producers From Selling Outside State
The fallout of the prolonged Arctic freeze that’s draped over the central United States and into Texas is still unfolding, with a temporary ban on gas exports out of the Lone Star State the latest development in the ongoing crisis. Hours before the surprising announcement, steep decreases in production and large swings in demand fueled…
LNG Loading Disrupted as Weather Continues to Upend U.S. Export Operations
U.S. liquefied natural gas (LNG) operations were again disrupted on Wednesday as wintry weather continued to grip the Gulf Coast, forcing traders to shuffle cargoes as American exports continued to decline. Power has been restored at Cameron LNG in Hackberry, LA, after a problem with the transmission grid knocked it offline Monday. But the terminal…
Bedlam in U.S. Energy Markets Sends LNG Feed Gas Deliveries Spiraling Downward — LNG Recap
U.S. liquefied natural gas (LNG) export terminals were struggling to bounce back Tuesday after feed gas deliveries in recent days plummeted to their lowest point since the fall amid a historic cold snap gripping much of the country that’s created unprecedented energy demand. Deliveries to the terminals via interstate pipelines fell to 5.45 Bcf Monday,…
ICE to Launch LNG Freight Futures Contracts in Another Effort to Manage Increasing Market Volatility
Intercontinental Exchange Inc. (ICE) said Wednesday it plans to launch two liquefied natural gas (LNG) freight futures contracts next month, giving traders, vessel charterers and other market participants another tool to manage increasingly volatile shipping costs in the space. ICE said the contracts would be based on LNG freight spot price assessments by Spark Commodities,…