Exmar readies to dispute YPF’s force majeure notice

Belgium shipping company Exmar is considering the best way to defend its interests in a dispute with Argentina’s YPF, Kallanish Energy reports. The company said last week it received notification of force majeure from YPF under the Charter Agreement and Services Agreement they hold for the Tango FLNG barge. Exmar said the move is “unlawful,” and

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Trump administration allows LNG shipments by rail

The Trump administration has decided to allow rail shipments of liquified natural gas, as court and regulatory battles over pipeline projects have slowed the movement of natural gas to markets, according to the Star Tribune. The U.S. Pipeline and Hazardous Material Safety Administration published the rule last week, permitting rail shipments of the flammable and

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Mozambique LNG secures $2.25B from host government

Total-led liquefied natural gas project, Mozambique LNG, has reportedly been offered a five-year, $2.25 billion funding guarantee from the Mozambican government. Partners at the $20 billion onshore project are said to have agreed to the guarantee in lieu of an immediate equity contribution from state-run National Hydrocarbon Company (ENH). The company owns a 15% stake

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US LNG exports to face 40-45 cargo cancellations in August

U.S. liquefied natural gas (LNG) exporters could see the cancellation of an estimated 40-45 cargos for August loading, similar to levels reported for July loadings, Kallanish Energy reports. Citing unnamed sources, Reuters reported earlier this week Cheniere is likely to see 30 cargos canceled, while up to 10 shipments could be canceled from the Freeport

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Chevron, Shell lead industry’s resilience at $30/Bbl Brent: WoodMac

Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie. Tom Ellacott and the Corporate Analysis team at the consulting firm have studied the resilience of the seven oil and gas majors: BP, Shell, Chevron,

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Canadian Energy Weekly Round-Up: June 15, 2020

Here are the top news stories covering Canada’s energy landscape: Canadian LNG Alliance Launches The British Columbia Liquified Natural Gas (LNG) Alliance formally became the Canadian LNG Alliance (Canadian LNGA) this week to reflect the critical role of LNG for Canada’s COVID-19 economic recovery. Bryan Cox, President and CEO of the Canadian LNG Alliance, issued

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Natural Gas: Canada’s Untapped Potential

Canadians are consuming more, but producing less natural gas in recent years, according to a recent analysis of U.S. Energy Information Administration data conducted by the Canadian Energy Centre. Canadian energy demand, due in-large part to the country’s geographical location and harsh winters, drastically varies throughout the year. The need to provide power and heat

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Petronas debuts Myanmar’s gas market

Malaysia’s state oil and gas company, Petronas, said Thursday it has entered Myanmar’s gas market delivering its first two liquefied natural gas (LNG) cargoes to CNTIC VPower, Kallanish Energy reports. The successful exports mark a “new era” in the growth of LNG demand in the South East Asian region, said Petronas LNG CEO Abdul Aziz Othman. “With

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Mozambique’s LNG projects on track despite Covid-19: official

Mozambique’s national petroleum institute INP said on Thursday the country’s natural gas and liquefaction projects remain in line with the schedule agreed between the government and investing companies. INP’s chairman Carlos Zacarias told a press conference a day earlier that despite the suspension of activities in Afungi due to the Covi-19 pandemic, implementation activities for

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LNG demand will double by 2040: Shell

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,

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Natural Gas Exports Set to Soar Thanks to Appalachian Shale

Tom ShepstoneShepstone Management Company, Inc. . … Appalachian shale production has been nothing short of phenomenal and has set the stage for natural gas exports to soar via both LNG ships and pipelines. Yesterday, chatting with a pro-gas friend, we both remarked on the fact the solution to low prices is low prices, just as

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Woodside writing-down Western Canada investments

A partner in the proposed Kitimat LNG project on the British Columbia coast said it will record a $720 million after-tax writedown on its investments in Western Canada, Kallanish Energy learns. Australia-based Woodside Petroleum said the charge against 2019 earnings reflects uncertainty in timing of when it will be able to develop its natural gas fields

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Cove Point Celebrates Sending Our Marcellus Shale Gas Across the Globe

Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Cove Point celebrated loading its 100th container ship of Appalachian shale gas the other day. This facility is shipping our natural all over the globe. Seems like just yesterday that Dominion Energy’s Cove Point LNG export plant opened for business–in April 2018 (see First-Ever Shipment of Marcellus LNG Leaves Cove

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US natural gas exports more than double from 2018

During the first half of 2019, U.S. net natural gas exports averaged 4.1 billion cubic feet per day (Bcf/d), which was more than double the average net exports in 2018 at 2.0 Bcf/d, according to the Energy Information Administration. The U.S. became a net natural gas exporter on an annual basis for the first time

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