Exports

Permian Slowdown Clouds Future Gulf Coast LNG, but ‘Remodeled’ Haynesville More Attractive

Permian Slowdown Clouds Future Gulf Coast LNG, but ‘Remodeled’ Haynesville More Attractive

Future Gulf Coast natural gas export development may become “risky” if Permian Basin associated gas production doesn’t recover, IHS Markit executive director Sam Andrus said in San Antonio this week. Speaking at the LDC Natural Gas Forum, Andrus said production economics are crucial, given the lack of capital available. After oil prices plunged to historic…

November 11, 2020
U.S. LNG Shipping Needs Almost Twice Global Average, Says GasLog

U.S. LNG Shipping Needs Almost Twice Global Average, Says GasLog

Almost twice as many ships were needed to deliver U.S. liquefied natural gas (LNG) on an equivalent unit basis in the third quarter compared to the global average, the head of shipper GasLog Ltd. said Tuesday. “U.S. exports are the most shipping intensive as the distance to most major discharge destinations is above the global…

November 11, 2020

U.S. LNG Pushes Global Export Growth Higher — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Global LNG exports hit their highest level in six months through October, largely from a boost in cargoes from the United States, Kpler said. Exports were 307 million tons (Mt) year to date through October, up 5 Mt from the year-ago period.  “The United States…

November 11, 2020
LNG Recap: Global Activity Steadies as Winter Nears

LNG Recap: Global Activity Steadies as Winter Nears

The flurry of activity and price rally that characterized October has subsided as the global natural gas market has steadied with winter nearing.  LNG imports increased by 2% month/month in October, and for the first time since May, demand is up year/year as the market has tightened, according to Tudor, Pickering, Holt & Co. (TPH).…

November 9, 2020
Cheniere Squeezed by LNG Cargo Cancellations During 3Q

Cheniere Squeezed by LNG Cargo Cancellations During 3Q

Feed gas was introduced last month to the third train at Cheniere Energy Inc.’s Corpus Christi liquefied natural gas (LNG) terminal in South Texas, which is expected to produce its first LNG in the coming weeks, according to CEO Jack Fusco.  Progress on the expansion project, expected to be complete in 1Q2021, was a bright…

November 6, 2020
Canadian Natural Gas Exports Slip, but U.S. Exports Climb on Market Diversity, Says DOE

Canadian Natural Gas Exports Slip, but U.S. Exports Climb on Market Diversity, Says DOE

The United States grew and Canada shrank as natural gas exporters as the coronavirus pandemic spread in the first half of this year, according to the latest international trade scorecard from the U.S. Department of Energy (DOE). The records, compiled by the DOE’s gas regulation office, showed that market diversity made the difference. American dealers…

November 4, 2020
Nymex Futures Stabilize, but Some U.S. Markets Pressured by Weak Demand, Pipeline Work

Nymex Futures Stabilize, but Some U.S. Markets Pressured by Weak Demand, Pipeline Work

Natural gas forward markets were lower for the Oct. 22-28 period as lackluster demand in key demand regions of the Lower 48 tempered prices, according to NGI’s Forward Look. Losses were mostly pronounced in the Northeast and in the Permian Basin, where pipeline work sparked increased volatility this week. Most of the price action was…

October 30, 2020
Japanese, Chinese Carbon-Neutral Plans May Impact U.S. LNG Industry

Japanese, Chinese Carbon-Neutral Plans May Impact U.S. LNG Industry

Recent announcements by the leaders of China and Japan to achieve carbon neutrality in the coming decades could initially increase demand for U.S. liquefied natural gas (LNG), but that demand could be reduced as early as 2030, analysts said. Japanese Prime Minister Yoshihide Suga on Monday said the country would aim to become a “carbon-neutral,…

October 29, 2020
Bipartisan Lawmakers Launch Caucus to Strengthen Energy Exports

Bipartisan Lawmakers Launch Caucus to Strengthen Energy Exports

A bipartisan group of lawmakers in the U.S. House of Representatives has launched the Congressional Energy Export Caucus aimed at strengthening the country’s trade role in a post Covid-19 world.  Reps. Carol Miller (R-WV), Henry Cuellar (D-TX), Jodey Arrington (R-TX) and Lou Correa (D-CA) announced the caucus last week. The lawmakers said the group would…

October 28, 2020
Montney, Deep Basin Plays to Boost Natural Gas Supply to Pacific Northwest, California, Says NGTL

Montney, Deep Basin Plays to Boost Natural Gas Supply to Pacific Northwest, California, Says NGTL

Canadian natural gas exports are set to increase to the U.S. Pacific Northwest and California in the next 10 years, according to the developer of a proposed C$355.5 million ($267 million) pipeline expansion project. The proposed West Path 2023 expansion of TC Energy Corp.’s pipeline grid in Alberta and British Columbia, Nova Gas Transmission Ltd.…

October 26, 2020