Sunday, September 15, 2019

Tag: LNG Terminal

US energy envoy: North Stream 2 could resurrect cold war divisions

The controversial North Stream 2 gas pipeline project has the potential to resurrect cold war divisions in Europe, US Energy Envoy Amos Hochstein said, before calling for greater competition with Russia’s Gazprom through increased LNG imports. Amos Hochstein is US Special Envoy for International Energy Affairs. He spoke to EurActiv...

The Race Between U.S. And Australian LNG Just Started

Cheniere Energy reached a milestone on February 25, dispatching the first shipment of LNG from its facility at Sabine Pass, Louisiana. The LNG tanker Asia Vision departed the U.S., bound for Brazil. The fact that Petrobras would be the first to benefit from Cheniere’s operations speaks to the confused...

Oman Gas Projects Could Undermine U.S. LNG Market Ambitions

Two separate projects in the sultanate of Oman are about to turn the tiny Gulf country into an important international liquefied natural gas (LNG) player that the U.S. will have to contend with in its ambition to become the leader of this market. The first one is an agreement with...

LNG Buyers Gaining Increasing Leverage over Sellers in Coming Years

The growing oversupply in LNG export capacity has weighed on prices for the key market in Asia, pushing spot prices down by about two-thirds in less than two years. Excess supplies will likely kill off an array of LNG export terminals that have not yet moved forward with final...

Growth in domestic natural gas production leads to development of LNG export terminals

The first export shipment of liquefied natural gas (LNG) produced in the Lower 48 states on February 24 is a milestone reflecting a decade of natural gas production growth that has put the United States in a new position in worldwide energy trade. With the rapid growth of supply from...

America’s Natural Gas Exports Won’t Be Enough to Blunt Putin’s Energy Weapon

The United States is shipping gas overseas for the first time in decades, but private companies sell to the highest bidder — and not just to the countries Washington might want for geopolitical reasons. A massive tanker eased into its berth in Louisiana last week and began loading thousands of...

With U.S. Gas, Europe Seeks Escape From Russia’s Energy Grip

Gulf Coast exports of liquefied natural gas, or LNG, are expected to loosen Russia’s dominance in the European energy market. ABOARD THE INDEPENDENCE, Lithuania—On the deck of this floating gas terminal, Mantas Bartuska awaits a tanker to pass a narrow inlet on the Baltic Sea with the first natural gas...

Surging Liquefied Natural Gas Trade

The EU's move toward a freer energy market and a global shift toward gas by climate-conscious consumers are likely to help fuel growing demand for US liquefied natural gas (LNG) in the coming years, Senior Fellow and former leading CIA analyst Bud Coote writes in Surging Liquefied Natural Gas...

ConocoPhillips and partners ship first LNG from Australian terminal

The first cargo of liquefied natural gas has sailed from the mammoth Australia Pacific LNG facility in Queensland, ConocoPhillips and its partners in the project announced Monday. The shipment, carried on the 935-foot tanker Methane Spirit and bound for customers in Asia, is among the first in a wave of...

Gasland EU: upcoming energy security package is all about gas

The European Commission’s first big energy initiative in 2016 will be a “winter package” on energy security, due in February. This will revise EU legislation on security of supply for gas and electricity, propose to give the Commission a greater role in international gas buying deals and set out...

Five Questions for Europe’s Gloomy Natural Gas Market in 2016

As the new year begins, Europe’s natural gas markets stand at the center of a web of geographic, financial and political factors that could reshape their future. In 2015, natural gas prices declined as the result of an oversupply made worse by the falling cost of coal, rising use of...

Gas galore – Europe to become dumping market for global gas supplies

From Australia to the US, from the Middle East to the Mediterranean, new projects are being planned to bring natural gas to the European market. This supports the EU’s goal to create a competitive integrated European gas market. But will there be enough demand for all that gas, Energy...

The case against Nord Stream 2

By opening up an additional route for cheap Russian gas to Germany, the Nord Stream 2 pipeline project may look like a good deal for Europe. However, its advantages are primarily short term, writes Agata Loskot-Strachota of the Centre for Eastern Studies (OSW) in Poland. In the longer term...

Developing a Western Energy Strategy for the Black Sea Region and Beyond

In Developing a Western Energy Strategy for the Black Sea Region and Beyond, Senior Fellow at the Atlantic Council's Dinu Patriciu Eurasia Center and Global Energy Center Ariel Cohen addresses the urgent need for a European policy on Black Sea energy following Russia's annexation of Crimea. Dr. Cohen, himself...

A quiet gas revolution in Central and Eastern Europe

Turkish Stream, Nord Stream, South Stream, Nabucco – the discussion about the European gas market centres on big gas pipeline projects which are supposed to make Europe either more or less dependent on Russia. However, unnoticed by most observers, Central and Eastern European countries have been carrying out numerous smaller...

Cheniere expects to ship first U.S. LNG export cargo in January

SINGAPORE, Cheniere Energy expects to start receiving natural gas to convert into super-chilled liquid fuel at its first U.S. LNG export terminal before the end of the year, with shipments to start in January, its chief executive said on Monday. Cheniere's plant will mark the first exports of cheap and...

Obstacles Trump Optimism for the Eastern Mediterranean Energy Corridor

The leaders of Israel and Cyprus agreed on July 28 to cooperate on energy issues in an effort to accelerate development of offshore natural gas reserves spanning both countries’ territorial waters. “There is palpably renewed energy in our relationship, I mean that figuratively and literally,” Israeli Prime Minister Benjamin...

Yemen LNG Declares Force Majeure As Fighting Escalates

As fighting in Yemen between Shiite Houthi rebels and a Saudi Arabia-led Sunni coalition continues to intensify, Yemen LNG announced Tuesday that it has declared force majeure to its stakeholders in the project. Tribal fighters have seized posts outside the city Balhaf in the southeastern region of the country...

SAGE to build Middle-East To India Deepwater Gas Pipeline

The Indian joint venture South Asia Gas Enterprise Pvt Ltd (SAGE) is now preparing the front end engineering and design for its deepwater transnational gas pipeline called Middle-East to India Deepwater Pipeline (MEIDP) to import gas from Iran and Oman into India. Despite its own reserves and on going offshore fields...

Conscious uncoupling

Reducing Europe's dependence on Russian gas is possible—but it will take time, money and sustained political will. WHEN Vladimir Putin was bribing Viktor Yanukovych, then the president of Ukraine, to turn down a trade deal with the European Union last year, one of the sweeteners was cheap gas. The copious...

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