More European Contracts Coming
Wave of Long-Term European LNG Contracts Seen Likely This Year (NGI) Jamison Cocklin (Jan. 06): European offtakers in 2023 are expected to continue the LNG activity that closed out 2022, as more import infrastructure comes online, larger buyers recapitalize, and policies become clearer… USLNG projects are poised to benefit most… Sponsors signed long-term agreements in […]
DOE Action an Important Signal for Projects
Energy Approves New LNG Licenses Jeremy Beaman, Wash. Examiner (March 17): DOE announced March 16 that it has authorized LNG facilities on the GOM to export additional volumes in the midst of the strain on global energy markets… Fred Hutchison of LNG Allies: “We really view the rhetoric as having changed substantially in the last […]
DOE Raises USLNG Export Ceilings
Cheniere Approved to Boost LNG Exports from Sabine Pass, Corpus Christi Jacob Dick, NGI (March 17): DOE officials on Wed. (March 16) gave two long-term orders for Cheniere’s Sabine Pass LNG facility in Louisiana and Corpus Christi terminal in South Texas. The combined exports were expanded by up to 0.72 Bcf/d, or around 5 mtpa. […]
USLNG Exports Set Record in 2021
USLNG Exports Grow By 50% (EIA) Natural Gas Weekly (March 16): USLNG exports set a new record high in 2021, averaging 9.7 bcf/d—an increase of 3.2 bcf/d (50%) compared with the 2020 annual average. The increase in USLNG exports was driven by increased demand in Europe and Asia (particularly China), as well as by expanding […]
USLNG has Lesser Climate Impacts
Which Gas Will Europe Import Now? The Choice Matters to the Climate (RMI) Sasha Bylsma, et. al. (March 16): A quarter of EU energy comes from natural gas, of which nearly 45% is sourced from Russia. While renewable energy is the ultimate goal, a new RMI analysis shows that gas imports into Europe have very […]
Berlin Airlift: USLNG Can Help Europe
Latest News Russia Crisis May Drive a U.S. Natural Gas Surge (E&E News) Mike Soraghan (March 09): Prior to the war in Ukraine, Europe got more than a third of its gas from Russia. If Europeans wean themselves from that, American gas producers and exporters of LNG say they can help fill the gap in […]
Renewed Optimism: Commercial Talks Pick Up
Renewed Optimism on Long-Term Deals Corey Paul (April 05): Some USLNG developers expressed a renewed optimism that growing interest among world buyers in signing long-term supply deals will boost the prospects for commercially sanctioning new LNG export projects in 2021, following a year marked by a lack of FIDs. More than a dozen LNG developers […]
LNG: New Fortress, Corpus, Kinder Morgan
Latest News USLNG Export Bonanza Reshapes Energy Map in Asia (Reuters) Aaron Sheldrick (April 02): US LNG exports to China, Japan, and South Korea, the biggest, have surged to record highs in recent months as the region recovers from the COVID-19 pandemic, Eikon trade data shows… Such is the speed of growth of USLNG imports […]
Importance of USLNG Exports
U.S. Gas Industry Increasingly Relies on USLNG Exports John Kemp, Reuters opinion (March 29): U.S. gas producers have become increasingly reliant on USLNG exports to Europe and Asia to absorb growing output and prevent domestic prices from plunging because of oversupply. LNG exports surged to almost 67 bcm in 2020, up from less than 1 […]
Exports and Greenhouse Gas Emissions
Latest News A New Challenge for USLNG (WoodMac) Ed Crooks (Feb. 05): The Trump administration had an unambiguous view of USLNG exports: it aimed to maximize them. How the Biden administration resolves the climate complications of USLNG will have a significant impact on the outlook for USLNG export projects over the next four years, and […]