Japanese utility Tohoku Electric announced an initial agreement to purchase 300,000 tons of LNG at Henry Hub-linked prices annually for 16 years starting in 2022 from the proposed Cameron LNG project. A Mitsubishi trading division with equity in the plant would supply the fuel if an FID is reached. [Reuters] New York Governor Andrew Cuomo… 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 ongoing controversy over the proposed Keystone XL Pipeline linking Alberta’s oil sands to US markets covers a vast amount of factual territory, from refinery configuration to logistics to international crude oil trading to carbon dioxide emissions. But at times, all of these issues take a back seat to the emotional, or symbolic, component of… Keep reading →
Japan’s recent deal to import US LNG at Henry Hub benchmark prices appears largely symbolic, but is important for the sector as it could represent the beginning of a larger trend away from oil-linked LNG prices for the world’s largest LNG importer.
“They [the deal’s negotiators] were very surprised they were able to pull it off,” a source familiar with the negotiations recently told Breaking Energy. Keep reading →
In the latest illustration of the potential of the Marcellus Shale to boost regional energy supply, two natural gas-fired power plants are being planned for the heart of northern Pennsylvania’s shale country.
If they go into operation as planned by early 2016, they would be the state’s first plants to be powered by gas from the Marcellus, the massive Appalachian formation that’s estimated to contain enough of the fuel to meet total US needs for 20 years or more, at current consumption rates. Keep reading →
A billion dollars of investment later, US engine manufacturer Pratt & Whitney has begun flight testing its PurePower Geared Turbofan Engines. The new technology lowers fuel consumption, noise signature, greenhouse gas emissions and maintenance costs.
“The engine used a lot less fuel than we expected, we had to adjust the fuel load for the next flight,” Marc Kirner, Director of Flight Operations for Pratt & Whitney Canada told reporters at a recent media event in Hartford, Connecticut. Keep reading →
