The volume of natural gas flowing to U.S. LNG export facilities on Friday was on track to hit 14.6 billion cubic feet (Bcf), just shy of the all-time high of 14.7 Bcf recorded one year ago, in December 2023. The reason for the near-record high is that all LNG export facilities, including the up down…
Read More...Miami LNG (click for larger version) We’ve talked plenty about the big LNG export facilities scattered along the Gulf Coast that export a fair amount of Marcellus/Utica molecules (and the two LNG export sites on the East Coast, both of which export 100% M-U molecules). We now and again talk about some of the smaller…
Read More...In October, MDN told you about a Congressional investigation looking into the Department of Energy’s use of a prematurely released “study” as an excuse to “pause” (i.e., ban) new LNG export approvals (see Congress Probes Role of Bob Howarth Study in DOE LNG Pause). Cornell professor Robert Howarth, using money from the anti-fossil fuel Park…
Read More...The incoming Trump administration will have a big emphasis on natural gas, including LNG (liquefied natural gas) exports. Lazy journalists and lazy economists try to scare the general public into believing more (new) LNG exports from this country will cause the price of domestic natural gas to skyrocket. Their arguments presume no increase in natgas…
Read More...We have fantastic news to share. Elba Island LNG, which accepts and liquefies Marcellus/Utica molecules just offshore from Savannah, Georgia, received approval from the Federal Energy Regulatory Commission (FERC) last Thursday to expand the facility to produce an extra 0.4 million metric tons/year (mmty). By our calculations, that would mean an extra 16.4 billion cubic…
Read More...We’ve been tracking the up down up down up down situation at Freeport LNG (where some Marcellus/Utica molecules flow) since it came online in 2019. Freeport was mostly offline for the first half of this year following an episode of cold temps in January (see Freeport LNG Repairs Won’t be Done Until May – 2…
Read More...In August, we told you that most of Venture Global’s contracted customers for LNG from the company’s Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish had filed for arbitration over Venture Global’s refusal to sell them cargoes under contract (see Shell, Edison, BP File for Arbitration Against Venture Global LNG). Instead, Venture Global…
Read More...Reuters predicts a sharp increase in U.S. LNG exports to European destinations “in the coming weeks.” Why? Because “the price spread between domestic natural gas and Europe’s main gas pricing hub hit one-year highs.” What the heck does that mean? We will explain it below. To view this content, log into your member account. (Not…
Read More...The European Union’s idiotic methane regulations will soon come into full force, prompting European oil, gas, and coal companies to monitor, measure and report their emissions. The same restrictions will also apply to energy imports coming from other countries, including the U.S. (see Europeans Presume to Impose Their Regulations on American Gas). The arrogant Europeans…
Read More...Venture Global has some nerve. In August, we told you that most of Venture Global’s contracted customers for LNG from the company’s Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish had filed for arbitration over Venture Global’s refusal to sell them cargoes under contract (see Shell, Edison, BP File for Arbitration Against Venture…
Read More...In January, Joe Biden announced he would “pause” any approvals for new LNG export plants, with over a dozen requests in the pipeline, for at least one year while his people fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve projects (see White…
Read More...One of the reasons Kamala Harris lost (and lost big) is a complete tone deafness on energy issues, including the “pause” she and her boss put on approving new LNG export requests all the way back in January (see White House Makes it Official – Biden Declares War on LNG Exports). Biden announced he would…
Read More...Yesterday, two European companies announced separate deals for Coterra Energy to provide Marcellus natural gas to an unidentified LNG export facility that will liquefy and sell it to them. One company was commodities trader Vitol (based in Switzerland) and the other utility giant Centrica (based in the U.K.). Both deals were for 100 MMcf/d (or…
Read More...Economics, in its purest form, is unforgiving. Economics is science, like the laws of gravity. In a market (in this case, the world market) where there is too much supply for existing demand, the seller/supplier will end up lowering the price charged for the good or service. Others in the market are willing to drop…
Read More...Here is an interesting story about the Biden-Harris Department of Energy (DOE) “pause” in approving new LNG export projects. You may recall that in January, the Biden-Harris DOE announced it would “pause” any approvals for new LNG export plants (currently 15 requests in the pipeline) for at least one year while D.C. swampies fart around…
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