The world’s sinkhole for liquefied natural gas (LNG) is starting to bubble over, and the glut of new supply expected to come online next year will struggle to find a home, placing “considerable pressure on the short-run economics of marginal suppliers across the world,” according to Wood Mackenzie.
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Weekly U.S. LNG Exports Increase, Deepening Global Supply Glut
U.S. liquefied natural gas (LNG) exports ticked upward over the last week, building on a strong month in October for the global market as colder weather set in.
Mexico, LNG Projects Fed by Up to 17 Bcf/d of New U.S. Pipeline Capacity This Year, Says EIA
The United States will add a total of 16-17 Bcf/d of capacity from an estimated 46 new natural gas pipeline projects this year, most built to provide additional takeaway capacity, which will increase deliveries to Mexico or liquefied natural gas (LNG) export facilities in the Gulf Coast region, according to the Energy Information Administration (EIA).
NGI The Weekly Gas Market Report
Cheniere Targets Earlier Startup for Third Train at Corpus LNG
In keeping with its record of bringing online liquefaction capacity ahead of time and on budget, Cheniere Energy Inc. said the third production unit at the Corpus Christi liquefied natural gas (LNG) facility in South Texas is expected to achieve substantial completion in the first half of 2021, several months earlier than its original target.
NGI The Weekly Gas Market Report
Work Begins on Vietnam’s First LNG Facility
PV Gas, a subsidiary of state-run PetroVietnam, on Monday started construction on the 1 million metric ton/year Thi Vai liquefied natural gas (LNG) facility in Ba Ria-Vung Tau province in southern Vietnam.
NGI The Weekly Gas Market Report
U.S. Natural Gas Exports Doubled through June and Still Growing, Says EIA
Net U.S. natural gas exports through the first six months of 2019 more than doubled year-ago levels, according to data from the Energy Information Administration (EIA), showing the rapid transformation underway for a country that only became a net exporter in 2017.
Increasing Bangladeshi Demand Could Soak Up Some LNG Glut
Saudi Arabian Oil Co., aka Saudi Aramco, and Riyadh-based ACWA Power signed a memorandum of understanding last week with the Bangladesh Power Development Board to build a 3,600 MW liquefied natural gas (LNG)-fueled power plant and terminal in the south Asian country.
PHMSA Proposes Rules for Shipping LNG by Rail
The U.S. Department of Transportation (DOT) has issued a notice of proposed rulemaking establishing a set of regulations for the shipment of liquefied natural gas (LNG) by rail tanker cars.
West Delta LNG Readies Deepwater Export Facility Offshore Louisiana
West Delta LNG LLC, an affiliate of Houston-based LNG 21, has applied for federal authorizations to build, own and operate a fixed-platform deepwater port in the Gulf of Mexico (GOM) offshore Louisiana and onshore facilities to export liquefied natural gas (LNG).
BP Pursuing Bigger Share of Global LNG with New Supply Deals
BP plc, the longtime No. 1 natural gas marketer in North America, is chasing a larger position in the global liquefied natural gas (LNG) market with two new supply agreements, including one with the world’s third largest LNG importer.