Page 38 - Exporting News Today

From time to time, it's helpful to revisit our longstanding relationship with Canada with respect to natural gas flowing across the border--both ways. It sounds strange on the surface to say that there are dozens of pipelines that cross our joint border--some flowing gas to Canada (exports), others flowing gas from our neighbors to the

The country of Japan is perenially either the #1 or #2 top LNG importer in the world. The country has virtually no domestic supplies of oil and gas and, therefore, must import what it uses. It's no secret that Japan and its traders are some of the best in the world. So when Japan says

The Freeport LNG facility, which has been out of commission since early June, has once again changed the target date it will restart. According to Freeport officials, the export facility will restart incoming gas flows to the plant in mid-December. That is, provided Freeport gains permission from the U.S. Dept. of Transportation's Pipeline and Hazardous

In March of this year, the three Democrats who occupy and control the Federal Energy Regulatory Commission (FERC) sent a loud and clear signal they don't like the Commonwealth LNG plan to erect a new LNG export plant in Cameron Parish, La. due to concerns over so-called environmental justice (see Biden’s FERC Slams New LNG

On Tuesday, Freeport LNG released a summary of the “root cause failure analysis report” they got back from an independent, third-party investigation into the cause of a pipeline explosion at the plant (see Freeport LNG Releases Reasons for Pipeline Explosion on June 8). Freeport's brief summary of bullet points was the company's spin on the

Yesterday we brought you the news that it appears the Freeport LNG export facility, down since early June due to a pipeline explosion, won't be back online until early next year (see Analysts Now Predict Freeport LNG Not Back Online Until January). In that post we mused about why it's taking so long to fix

The Freeport LNG export facility, located in Quintana Island, Texas (near Houston), experienced an explosion and fire in early June (see Explosion Rocks Freeport LNG Export Plant – Offline for 3 Weeks). The plant has been offline since that time. Plant management previously said it expected to resume operations sometime this month, in November. Indeed,

An interesting episode on Friday illustrates the power of social media and fake news. The NYMEX natural gas futures price for the "front month" December contract plunged as much as 7.4% on Friday morning after someone identifying themselves as a commodities trader posted on Twitter that “cracked pipes” were discovered at the Freeport LNG terminal,

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Bloomberg is reporting that "sources" are chattering that Dominion Energy, the majority owner of Cove Point, Maryland, LNG export facility with a 50% stake in the plant, is considering selling its stake. In July 2020, Dominion sold its natural gas pipeline business along with a 25% stake in Cove Point to Warren Buffett's Berkshire Hathway