The European Union continues to place its confidence in natural gas, announcing it will increase its number of LNG import terminals from 27 to 35 by next year. The recent announcement by Vice-President of the European Commission, Maroš Šefčovič, will significantly increase the EU’s regasification capacity from 178 billion cubic meters a year (bcm/year) to
Read More...LNG Export Terminal Coming to Philadelphia? Yes, We Can! Garland L. Thompson, Esq. Journalist and Author, Philadelphia PennEast [Editor’s Note: Garland Thompson offers a wonderful summary of a recent Senate Committee hearing on “LNG in Energy Security on the World Stage.” This is the prelude but read all about the LNG export opportunity here for
Read More...Philadelphia Port Opportunity Comes Knocking at the Door Garland L. Thompson, Esq. Journalist and Author, Philadelphia PennEast [Editor’s Note: Garland Thompson is offering the following at a Senate Committee hearing today on “LNG in Energy Security on the World Stage” and Rep. Martina White’s HB 2458.] Today’s Hearing on “LNG in Energy Security on the
Read More...Chester LNG Project About Jobs and Real Economic Justice Garland L. Thompson, Esq. Journalist and Author, Philadelphia PennEast [Editor’s Note: Industry is not the enemy of the people – It’s the avenue of jobs that power the economy and deliver true justice of the economic sort, not the emotional.] Invidious comparisons do not make for
Read More...Worldwide liquefied natural gas demand is expected to double by 2040 to 700 million tonnes, according to third party forecasts, Royal Dutch Shell reports in its Fourth Annual LNG Outlook, Kallanish Energy reports. LNG in 2019 rose a robust 12.5%, to 359 million tonnes, Shell stated. “The global LNG market continued to evolve in 2019,
Read More...ExxonMobil Asia Pacific has signed a two-year time charter agreement with Singapore-based Sinanju Tankers Holdings Pte. Ltd. to lease Singapore’s first liquefied natural gas (LNG)-powered bunker tanker, Sinanju said, in a statement Friday, Kallanish Energy reports. The 7,990 deadweight tonnage (dwt) new build will be the first LNG bunker tanker for Singapore and Sinanju and
Read More...U.S. exports of liquefied natural gas reached a new peak of 4.7 billion cubic feet per day in May, according to the latest data from the U.S. Department of Energy’s Office of Fossil Energy, Kallanish Energy reports. This year, the U.S. became the world’s third-largest Lng exporter, averaging 4.2 Bcf/d in the first five months of the
Read More...Argentine oil company YPF SA said it’s now loading the first shipment of liquefied natural gas for export from the South American country, Kallanish Energy reports. The shipment includes 30,000 cubic meters (1.06 million cubic feet, or Mmcf) of LNG from the Vaca Muerta Shale play, YPF said, in a statement. “This is the first
Read More...Gibraltar on Monday opened a liquefied natural gas regasification terminal, moving the British territory away from diesel-fuel power, Kallanish Energy reports. The project comes as part of Gibraltar’s effort to power its homes and businesses with cleaner energy. The 80-megawatt power plant was built by Anglo-Dutch giant Shell and its fully owned subsidiary Gasnor, which is also
Read More...Liquefied natural gas exporter Tellurian said Thursday the Federal Energy Regulatory Commission has issued the order granting authorization for Driftwood LNG, a proposed 27.6 million tonnes per annum (Mtpa) liquefaction export facility near Lake Charles, Louisiana. Also authorized was the associated Driftwood pipeline, a 96-mile proposed line delivering natural gas to the facility, Kallanish Energy
Read More...Liquefied natural gas is expected to become a big part of China-U.S. trade once the dispute is resolved between the two countries, a senior executive from China National Offshore Oil Corp. (Cnooc) said Wednesday. LNG will also continue to dominate China’s natural gas imports, having accounted for 60% of its gas imports in 2018, said Cnooc vice
Read More...Britain’s liquefied natural gas (LNG) imports for March are at their highest levels in roughly 29 months, helping British wholesale gas prices slide to a more-than 18-month low. Britain is set to receive 14 cargoes in March, with six tankers scheduled for this week alone, Reuters reported. The country is on track to import 1.18
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