The liquefied natural gas (LNG) trade increased 3.1% globally in 2023 to an average of 52.9 billion cubic feet per day (Bcf/d), an increase of 1.6 Bcf/d from 2022, according to a recently released report from the International Group of Liquefied Natural Gas Importers (GIIGNL). Expanded export and import capacity and increasing natural gas demand…
Read More...The Sabine Pass LNG terminal, owned and operated by Cheniere Energy, is spread over an 853-acre site in Cameron Parish, Louisiana. The facility is the largest LNG terminal in the world, with a total send-out capacity of 4.1 Bcf/d (billion cubic feet per day) and a storage capacity of 16.8 Bcf. The facility’s “nameplate” capacity,…
Read More...Venture Global has been screwing its contracted customers by denying LNG shipments to them from its Calcasieu Pass (CP) LNG export facility for over two years, instead shipping over 200 cargoes to other buyers (at higher prices) rather than honoring its contracts. So why in the world would ANYONE sign a new deal with Venture…
Read More...Earlier this month, MDN brought you the great news that New Fortress Energy’s (NFE) proposed Wyalusing LNG export plant (in Bradford County, PA) and a docking facility in Gibbstown (in New Jersey, along the Delaware River) to load ships with PA-produced LNG, are not dead yet (see Northeast PA LNG Plant Lives! NFE Tells FERC…
Read More...In January, President Biden announced he would “pause” any approvals for new LNG export plants (currently 17 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 House Makes…
Read More...LNG (liquefied natural gas) that is exported from the U.S. to Asia takes one of three routes to get there. One route is via the Panama Canal, crossing into the Pacific Ocean and on from there. Another is via the Atlantic Ocean to the Suez Canal and from there via the Red Sea, which connects…
Read More...Yesterday, the Pennsylvania House Republican Policy Committee held a hearing called “Fueling Pa’s Future: Liquid Natural Gas.” In January, Joe Biden announced he would “pause” any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while his people fart around pretending to figure out how to measure…
Read More...The problem-plagued Freeport LNG export plant continues to be mostly offline following an episode of cold temps in January. It seems like this facility has been out of commission more than it’s been in commission since it went online in 2019. A few days ago, Freeport announced that two of the three trains at its…
Read More...The annual CERAWeek by S&P Global conference is happening now in Houston. Everybody who’s anybody is there. (Yes, we’re nobodies; we’re not there!) Oil and gas CEOs, politicians, regulatory agencies — they all convene in Houston to talk about energy at what is billed as “the world’s premier energy conference.” Toby Rice, CEO of EQT…
Read More...In April 2022, MDN reported that the top brass at Kinder Morgan, the owner and operator of the Elba Island LNG export facility (also known as Southern LNG), was considering an expansion of its modestly-sized facility (see Kinder Morgan Considers Expanding Marcellus-fed Elba Island LNG). KM subsequently submitted an application to federal regulators last year…
Read More...Venture Global has been defrauding its contracted customers for more than two years by not officially christening its Calcasieu Pass LNG export facility in Louisiana as officially open for business, denying customers cargoes under contracted prices. Yet during that time, Venture Global has exported (on the spot market) more than 250 LNG cargoes! It’s a…
Read More...A new poll released by Axis Research and Pennsylvania Energy Infrastructure Alliance (PEIA) shows 58% of Pennsylvania voters disagree with Joe Biden’s infamous “pause” on approving new LNG export permits. Here’s the astounding part: 57% of poll respondents were Democrat and Independent voters! Yes, a majority of Democrats and Independents in PA disagree with old…
Read More...In January, Freeport LNG said that one of its three liquefaction trains was offline and would remain offline for “about a month” due to a “technical issue” following a recent Arctic freeze that reached all the way to the Gulf Coast (see One of Three Freeport LNG Trains Offline for “About One Month”). The outage…
Read More...Earlier this month, MDN told you about Pennsylvania’s two U.S. Senators, John Fetterman and Bob Casey, and their wishy-washy, mild criticism of Joe Biden’s decision to “pause” any new LNG export permits (see PA’s 2 Democrat U.S. Senators Mildly Chide Biden for LNG Pause). We published their joint statement, which appears to criticize Biden’s LNG…
Read More...Last week, Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its fourth quarter and full-year 2023 update, which we covered (see Antero 4Q – Production Up 6%, Profits Down 87%, 21 New Wells). While we picked up and…
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