Sierra Club Files Court Appeal of Dominion Cove Point LNG Export Authorizations
Posted on Jun 20, 2016 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Sierra Club Files Court Appeal of Dominion Cove Point LNG Export Authorizations
Sierra Club has filed a court appeal of the U.S. Department of Energy’s (DOE) orders authorizing long-term exports of LNG to nations without a Free Trade Agreement with the United States from the Dominion Cove Point LNG export terminal under construction at Lusby, Md. The appeal was filed June 15, 2016 with the U.S. Court of Appeals for the D.C. Circuit. In the case before DOE, DOE...
Platts Launches LNG Gulf Coast Marker
Posted on Jun 20, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Platts Launches LNG Gulf Coast Marker
S&P Global Platts (Platts) [subscription] announced that it will launch the LNG Gulf Coast Marker (GCM), “a daily LNG assessment reflecting the value of spot LNG exported from the US Gulf Coast, on a FOB basis, expressed in US$/MMBtu.” Platts will also add new freight route costs from the US Gulf to destinations on its existing freight route cost table which “will reflect the most...
DOE Releases April 2016 LNG Export Data
Posted on Jun 20, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on DOE Releases April 2016 LNG Export Data
The U.S. Department of Energy’s Office of Fossil Energy has released LNG import and export data for 2016 through April. The data show that in April three commissioning cargoes of domestically produced LNG were exported from the Sabine Pass Liquefaction terminal in Cameron Parish, La.: two cargoes totaling 6,310,025 Mcf were sent to Argentina at export point prices ranging from $3.85...
Widened Panama Canal to Open June 26; U.S. LNG Supplies Expected to Remain in Atlantic Basin
Posted on Jun 10, 2016 in Liquefaction, LNG Exports, Markets and Competition, Vessel Transportation | Comments Off on Widened Panama Canal to Open June 26; U.S. LNG Supplies Expected to Remain in Atlantic Basin
Hellenic Shipping News reports that the Panama Canal widening project is expected to be inaugurated June 26, allowing it to accommodate large LNG tankers and permitting U.S. Gulf Coast LNG producers to reduce the shipping time to markets in Asia by approximately ten days. However, according to an analyst, “prices in the Pacific aren’t currently high enough to create a large arbitrage...
IEA Report: New LNG Supplies Will Need to Find New Markets
Posted on Jun 9, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on IEA Report: New LNG Supplies Will Need to Find New Markets
The International Energy Agency (IEA) has released a report which predicts a major shift in the global natural gas market over the next five years due to a 45% increase in liquefaction capacity coming online, primarily from the United States and Australia, just as demand growth from the world’s top two LNG buyers, Japan and Korea, weakens. The report projects that China, India and...