US LNG shipments to Europe spiked in November 2018 amid dispute with China
U.S. exporters of LNG looked increasingly to Europe in November 2018 as shipments to China continued to lag during a trade war between Beijing and Washington, according to figures released by the U.S. Department of Energy. In November 2018, just one cargo departed for China carrying about 3.4 Bcf. But the November 2018 data from the DOE showed the volume of U.S. LNG export cargoes remained robust and headed to destinations such as the U.K., which received six cargoes totaling about 20.7 Bcf worth of natural gas.
As trade war simmers, study finds China deals are not crucial to US LNG projects
A trade war between Beijing and Washington created anxiety over the chance that it might drive away natural gas buyers from a second generation of multibillion-dollar U.S. LNG export projects, but a paper from the Center for Strategic and International Studies suggested the role of China has been overstated. "If you are out there saying that I need Chinese buyers in order to get my project going, that's just not really what we've seen over the last few years in terms of the projects that have actually moved forward and taken [final investment decisions]," Nikos Tsafos, a senior fellow with the energy and national security program at the Center for Strategic and International Studies, said in an interview.
Venture Global makes 'urgent request' to FERC to approve LNG project
Venture Global LNG pressed the Federal Energy Regulatory Commission to approve its proposed Calcasieu Pass LNG export terminal in Louisiana, saying it is "critically important" after a previous delay in commission action and after a signal that commissioners will not take up the matter when they meet Jan. 17. In an "urgent request for commission action," Venture Global asked FERC to approve the project by Jan. 22.
US LNG company New Fortress Energy launches IPO
LNG company New Fortress Energy LLC on Jan. 14 launched an IPO of 22,200,000 class A shares representing limited liability company interests in the company. New Fortress, which sends LNG to the Caribbean from a liquefaction terminal in Miami and is developing another facility in Pennsylvania, set the price band of the offering at $17 to $19 per share, according to a same-day news release.
LNG plants, gas prices reinvigorate Haynesville Shale
The Sabine Pass LNG export terminal and rising export facilities along the Gulf Coast are helping breathe new life into the Haynesville Shale of northwestern Louisiana and East Texas, according to a report. Natural gas production from the Haynesville is on track this year to top its previous peak in late 2011, Norwegian research firm Rystad Energy found. In addition to the new LNG terminals, higher gas prices have supported production.
President of state-run Alaska LNG developer dismissed in leadership shakeup
Keith Meyer was dismissed Jan. 10 as president of the Alaska Gasline Development Corp., while newly appointed board member Doug Smith was voted as the new chair of the board, the Alaska Journal of Commerce reported Jan. 10. Meyer, who has led Alaska Gasline Development since June 2016, will be replaced by Joe Dubler on an interim basis, according to the report.