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…
Read More...This morning, Diversified Energy Company (formerly Diversified Gas & Oil) announced it had signed a deal to supply 40 billion cubic feet (Bcf) of natural gas over three years to a “major Gulf Coast LNG facility” for exporting. The contract begins in November (next month!), which means even though Diversified isn’t (yet) willing to identify…
Read More...Feedgas flowing from the Marcellus/Utica to the Cove Point LNG export facility located on the shore of Maryland fell to zero on Friday, Sept. 20, as the facility began its planned annual maintenance outage (see Flows Drop to Zero @ Cove Point LNG, Closed for Annual Maintenance). Most years, maintenance at Cove Point takes around…
Read More...Flex Artemis Flex LNG, headquartered in Hamilton, Bermuda, owns 13 LNG cargo carriers, including the Flex Artemis (pictured at the left). The company published its latest presentation (PowerPoint slide deck) two days ago to coincide with CFO Knut Traaholt’s upcoming meetings with investors in the U.S. and Canada as part of a “non-deal roadshow.” Flex’s…
Read More...Venture Global’s Plaquemines LNG export facility (Plaquemines Parish, Louisiana) has consistently received small gas deliveries since mid-September from an interconnect with the Texas Eastern Transmission Company (TETCO) pipeline. However, the 2.6 Bcf/d Plaquemines terminal has not yet begun to produce its first LNG. Gas deliveries will increase this fall as commissioning activities ramp up. The…
Read More...In January, the Biden-Harris Department of Energy (DOE) announced it would “pause” any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while D.C. swampies fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve such…
Read More...Two days ago, 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…
Read More...MDN previously told you that gas flows (called “feedgas”) heading to the Cove Point LNG export facility along the coast of Maryland had fallen to zero as of Sept. 20 because the facility is undergoing annual maintenance (see Flows Drop to Zero @ Cove Point LNG, Closed for Annual Maintenance). Maintenance will likely last about…
Read More...Venture Global’s Calcasieu Pass LNG export facility received Federal Energy Regulatory Commission (FERC) authorization to place the final three liquefaction blocks (7-9) into service in November 2023 (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for over two years! However, the entire facility is…
Read More...click for larger version Last week, the U.S. Energy Information Administration (EIA) published an interesting post about “net” natural gas exports, which is a number calculated by deducting both pipeline and LNG exports by incoming pipeline imports (from Canada) and any incoming LNG imports (to Boston). The EIA found that in the first half of…
Read More...The European Union’s idiotic methane regulations will soon come into full force, prompting 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 presume…
Read More...