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LNG exports raise price risks for gas producers; Rio Grande LNG decision delayed


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LNG exports raise price risks for gas producers; Rio Grande LNG decision delayed

LNG, Mexico exports raising price risks for US gas producers, BP executive warns

Growth in exports of natural gas has added new risks for U.S. producers as the domestic fundamentals that once formed the basis of pricing are starting to be displaced by global market factors, according to BP PLC executive Jared Barton. U.S. gas producers, who once faced investor pressure to grow their output, are now facing Wall Street demands to improve returns, a turn of events that has changed the way capital is allocated and even brought about some executive resignations, Barton, vice president of marketing and origination at BP Energy Co. Inc., said Aug. 6 at an industry conference.

NextDecade revises timing of investment decision on Rio Grande LNG terminal

NextDecade Corp. delayed by as many as three months the date when it expects to make a final investment decision on its proposed Rio Grande LNG export project in Brownsville, Texas, according to a revised timeline in an Aug. 13 investor presentation on the developer's website. The up-to-27-million-tonne-per-annum terminal on the Gulf of Mexico is among a handful of U.S. natural gas liquefaction projects watched by the market as indicators of what the global supply picture will look like during the early to mid-2020s.

Kinder Morgan seeks FERC OK to start commercial operations at Elba Island LNG

Kinder Morgan Inc. companies told the Federal Energy Regulatory Commission that the first natural gas liquefaction train of the Elba Island LNG terminal in Georgia is about ready to start commercial operations. The subsidiaries, Elba Liquefaction Co. LLC and Southern LNG Co. LLC asked FERC on Aug. 9 for authorization to enter the first of several small liquefaction trains into commercial service. The subsidiaries requested the agency's authorization no later than Aug. 16, when they said the first train will be ready.

Freeport LNG completes flare line fix, keeps 1st cargo schedule afloat

Freeport LNG Development LP finished repairs Aug. 9 to a flare vent line that leaked gas as the export facility prepared to begin production of its first LNG cargo. In a filing with U.S. regulators, Freeport sought approval of supplementary information regarding a design change associated with the line.

NextDecade weighs issues of scope for Galveston Bay LNG project

NextDecade will determine whether a natural gas pipeline attached to its proposed Galveston Bay LNG LLC export terminal in Texas will be classified as an intrastate or interstate pipeline, a decision that could affect the size of the Federal Energy Regulatory Commission review for the project. The classification of the pipeline could determine whether the commission has jurisdiction over this part of the project.

Cheniere confident on new LNG supply deals despite soft prices, trade tensions

Cheniere Energy Inc. executives said trade tensions and concerns about a short-term oversupply of LNG will not hurt their expansion plans or their efforts to land long-term deals with world buyers. "I don't see any problems with our business paradigm," Cheniere President and CEO Jack Fusco said Aug. 8 during a second-quarter earnings call.