Jim Chanos is locking horns with Carl Icahn over liquid natural gas, stating he’s betting against Cheniere Energy Inc., of which Icahn is the largest shareholder. [Bloomberg] Falling U.S. oil production and low crude prices are casting a shadow over infrastructural pipeline construction. [WSJ] California officials told a citizens oversight board Tuesday that they know of… Keep reading →
On May 12, The US Department of Energy (DOE) announced that it gave final approval for Cheniere Energy to export liquefied natural gas (LNG) from its $11.5 billion proposed plant in Corpus Christi, Texas. Cheniere will build two LNG trains at the site, with a total 13.5 million tons a year of capacity, a mega-LNG… Keep reading →
One of the world’s first LNG exporters – Indonesia – is facing increasing domestic demand and dwindling gas reserves, motivating national oil company Pertamina to secure LNG imports. The company has already contracted supply from Cheniere Energy starting 2018 and recently announced plans to acquire a stake in a US Eagle Ford Shale producer before… Keep reading →
The recent US Commerce Department ruling to allow two companies to export minimally processed condensate turned many energy industry heads and raised questions about whether the US was moving toward relaxing the 39-year oil export ban. This editorial clearly lays out the situation’s complexity and calls for more adroit policy in the face of new… Keep reading →
Williams Partners subsidiary Transcontinental Pipeline will build a 1.2 million dekatherm per day expansion to supply the Cheniere Energy Partners Sabine Pass Liquefaction project being developed in Cameron Parish, La. “Gulf Trace is a pivotal project at an extremely important time for Transco and the U.S. natural gas industry as a whole,” said Rory Miller,… Keep reading →
Intensified competition between Russian gas giant Gazprom and Russian gas independent Novatek is showcasing the advantages to producers of LNG pricing flexibility, according to Eurasia Group Global Energy and Natural Resources analyst Leslie Palti-Guzman. Natural gas analysts frequently point out that there are three different pricing regions for gas – North America, Europe and Asia.… Keep reading →
Siemens’ financing arm is seeing a shift in project finance from a focus on renewables to a more even mix of renewable and fossil fuel generation, according to US chief executive Kirk Edelman. “What we’re seeing now is a little bit of a shift away from a lot of focus on renewables to a more… Keep reading →
The pace of change in the North American natural gas business has accelerated in recent months, with the US Department of Energy approval process for exports to non-free trade agreement countries failing to stop the achievement of major project milestones and new technology innovations driving market expansion. Four projects have been approved by DOE for… Keep reading →
The proposed 6 million ton per annum (mtpa) Jordan Cove LNG export facility in Coos Bay, Oregon has completed the front-end engineering and design and pre-construction phases, but if and when the project clears federal regulatory hurdles, it may still face political opposition at the state level. Infrastructure firm Black & Veatch and construction and… Keep reading →
The large gap between domestic US natural gas prices and LNG prices in European and Asian markets that underlies the rationale for US LNG exports has raised the question: when US gas is sold abroad, who captures that spread? The difference between low prices paid for gas produced in the US – currently trading at… Keep reading →
