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May 4, 2022
Another day, another deal from Energy Transfer (ET) in signing up customers to accept shipments of LNG produced by ET's yet-to-be-constructed LNG export facility in Lake Charles, Louisiana located on the Calcasieu ship channel. Yesterday we told you ET had signed up Singapore's Gunvor to accept 2.0 million tonnes (MT) per year (see ET Signs
May 3, 2022
Pipeline giant Energy Transfer (builder of the Rover and Mariner East pipelines here in the M-U) is planning a large-scale LNG export facility in Lake Charles, Louisiana located on the Calcasieu ship channel. The project will convert Energy Transferโs existing Lake Charles LNG import and regasification terminal to become an LNG export facility. In March,
May 2, 2022
Venture Global's Calcasieu Pass LNG export facility in Louisiana shipped its inaugural cargo of LNG back in February (see Calcasieu Pass LNG Loads Inaugural Cargo; Sabine Pass LNG Expands). The facility is finally hitting its stride. Beginning earlier this month, Calcasieu Pass began accepting daily deliveries
April 29, 2022
In March Joe Biden announced a deal with Europe to deliver more LNG to the Continent, starting this year (see U.S. & Europe Announce New LNG Deal โ Very Light on Details). The U.S. guaranteed Europe would receive 15 bcm (billion cubic meters) of natural gas beginning in 2022. As we speculated at the time,
April 29, 2022
Antero Resources, one of the largest drillers in the Marcellus/Utica (with major assets in West Virginia) issued its first quarter 2022 update yesterday. We've often marveled at Antero's ability to make money on its natural gas and NGLs with hedging--preselling gas and NGLs at prices that beat whatever the current market price is at the
April 29, 2022
Yesterday EQT Corporation released its first quarter 2022 update and held a conference call with analysts. The big news came from CEO Toby Rice, who said in his opening remarks, "We are currently in discussions with LNG end-users across various geographies and are contemplating equity investment opportunities in LNG export facilities." Later in the call,
April 27, 2022
The world can't get enough LNG (liquefied natural gas), specifically American LNG. The U.S. has seven active LNG export terminals, another 18 FERC-approved export terminal projects (four under construction), and six or more proposed but not yet approved projects. The world needs our natural gas/LNG, we have the ability to provide it, let's build! Chop
April 25, 2022
Pennsylvania State Rep. Marina White (Republican from Philadelphia, a true rarity) sponsored a bill that's getting traction in Harrisburg. House Bill (HB) 2458, which passed with a vote by the full House on April 13, creates a task force to study how to establish Philadelphia LNG exports to international markets, particularly those in Europe. The
April 22, 2022
It's very early days, but Kinder Morgan's top brass said earlier this week it is considering the possibility of expanding its Elba Island, Georgia LNG export operation. Possibly. Maybe. During the company's quarterly update on Wednesday, an analyst asked Kinder CEO Steve Kean whether he might consider
April 21, 2022
In early March MDN brought you information from the Toronto Financial Post that said the Ukrainian crisis has put East Coast Canada LNG export facilities โback on the mapโ (see Ukraine Crisis Injects New Life into East Coast Canada LNG Exports). That post talked about two potential LNG export facilities--Pieridae Energyโs Goldboro LNG project, located