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...
Toho Gas Signs Agreement for Cameron LNG Supplies
Posted on Jun 7, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Toho Gas Signs Agreement for Cameron LNG Supplies
Japanese utility company Toho Gas Co., Ltd. announced that it has entered into a sale and purchase agreement with Diamond Gas International Pte. Ltd., a 100% subsidiary of Mitsubishi Corporation, for the purchase of 200,000 tons/year of LNG produced at Sempra Energy’s Cameron LNG terminal under construction in Cameron Parish, La. According to the press release, the agreement calls for...
FERC Initiates Pre-Filing Review Process for Driftwood LNG
Posted on Jun 6, 2016 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Initiates Pre-Filing Review Process for Driftwood LNG
FERC has issued a letter approving Driftwood LNG’s request to initiate the pre-filing environmental review process for its proposed 26 million tonnes/year liquefaction facility and LNG export terminal on the west side of the Calcasieu River, Calcasieu Parish, La. and interconnected pipeline. The letter indicates that Driftwood LNG intends to file a formal application for the project no...