USLNG News

News about Existing and Planned USLNG Export Projects

Berkshire Hathaway Energy
July 6, 2020

BHE to Manage Cove Point

Berkshire Hathaway to Manage Cove Point Operations (NGI) Jamison Cocklin (July 06): Berkshire Hathaway Energy (BHE) will take over operations of the Cove Point LNG export terminal after it agreed to acquire a 25% stake in the facility as part of a broader $9.7 billion deal to buy Dominion’s natural gas transmission and storage assets. […]

USLNG Industry
June 29, 2020

USLNG Basics

The Basics of USLNG – How it’s Sold and Why It Matters (NGI, Subscription) Jamison Cocklin (June 29): How is LNG priced in the United States, and what attracted buyers to travel even farther across the sea for it? The heart of the answer lies in the commercial structures at export terminals along the Gulf […]

USLNG Industry
June 29, 2020

Feedgas to USLNG Projects Rises

USLNG Industry: Feedgas Rebounds (S&P Global) USLNG feedgas demand is rebounding from a 14-month low. While additional cargo cancellations already announced for July and Aug. are likely to keep the pressure on feedgas demand this summer, stronger autumn JKM prices by Sept.-Oct. could fuel a rapid recovery in exports… The uptick in liquefaction activity has […]

Glenfarne Group
June 29, 2020

Glenfarne Eyeing FIDs in 2021

Glenfarne Sees Magnolia LNG and Texas LNG FIDs Next Year (NGI) Ron Nissimov (June 29): New York City-based Glenfarne Group hopes to fund both of its USLNG export projects (Texas LNG and Magnolia LNG) by the end of 2021, founder Brendan Duval told NGI… A Glenfarne division, Alder Midstream, owns the stakes in both LNG […]

Rail
June 26, 2020

LNG by Rail Opportunities

Small Scale: Energy Industry Eyes New Opportunities for LNG by Rail (Chron) Sergio Chapa (June 23): Energy companies are eyeing exports to Mexico and other opportunities after federal officials approved regulatory changes that will allow shipments of LNG by rail… Jill Evanko, Chart CEO: “Rail typically has a fee per trip per car; highway is […]

Chart Industries
June 25, 2020

LNG by Rail Opportunities for Chart

LNG by Rail Creates Opportunities for Chart Industries (Gas World) Nick Parkinson (June 25): Chart Industries makes cryogenic railcars at its New Prague, Minnesota plant that can each haul 30,000 gallons of LNG, and CEO Jill Evanko says the company will expand its railcar business as a result of the recent PHMSA rule change: “Not […]

Magnolia LNG
June 23, 2020

Magnolia LNG Secures FERC Okay

FERC Approves Capacity Increase FERC granted Magnolia LNG permission to increase the authorized total LNG production capacity from 8.0 mtpa to 8.8 mtpa for the company’s planned liquefaction and export facility under development at a facility near Lake Charles, Louisiana.

KBR
June 22, 2020

KBR to Exit LNG Business

KBR: To Exit LNG and Other Energy Projects (Reuters) Jennifer Hiller (June 22): KBR will exit most of its LNG construction and other energy project… The company will refocus on government contracts and technology businesses, CEO Stuart Bradie wrote to employees on Mon. (June 22). It will “no longer engage in lump sum, blue collar […]

New Fortress
June 19, 2020

FERC Order to New Fortress

New Fortress: FERC Seeks Answers on LNG Terminal Built in Puerto Rico Without Approval (NGI) Jamison Cocklin (June 19): FERC has ordered New Fortress Energy to explain why it built and brought online a LNG import terminal in San Juan, Puerto Rico, without FERC approval. The facility was commissioned in April and will supply LNG […]

Venture Global
June 18, 2020

Venture Global Hires New CFO

Jack Thayer Hired as Chief Financial Officer (Release) Jonathan (Jack) Thayer has joined the company as CFO. Most recently, Mr. Thayer served as Vice Chairman and CFO of Woodward, Inc. He was previously CFO of Exelon Corp. and Constellation Energy Group. He has also held roles in investment banking, first with SBC Warburg, and subsequently […]

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