Cheniere sees more spot market success as other US LNG projects announce delays
After boosting its 2018 guidance for the second quarter in a row with LNG prices rising, Cheniere Energy Inc. said its marketing arm is poised for more success in 2019 as delays at competing projects free up demand for initial volumes from three new gas liquefaction trains.
Asian LNG price bump fuels optimism at Pembina for Jordan Cove export project
An upswing in Asian LNG prices has boosted Pembina Pipeline Corp.'s confidence in the beleaguered Jordan Cove export project it inherited in its purchase of Veresen Inc. "We didn't attribute a lot of value to Jordan Cove. It certainly has its challenges," CEO Michael Dilger said May 4 on the company's first-quarter conference call. "But with the run-up in prices in Tokyo — and now I think there's a pretty broad consensus that we'll be short LNG capacity in the 2023-to-2025 time frame — it's really shone a light on that project. We're pleased with the way that's working out."
Cheniere asks to start service on pipeline feeding Corpus Christi LNG project
Cheniere Energy Inc. is seeking authorization to place into service a 23-mile, 48-inch-diameter pipeline that will ultimately feed the Corpus Christi LNG project in Texas. The request at the Federal Energy Regulatory Commission comes as Cheniere finished weld testing required by the U.S. Pipeline and Hazardous Materials Safety Administration in the wake of a Feb. 5 notice of probable violations.
BP, Alaska LNG developer settle on terms for 30-Tcf gas sales agreement
The developer of the proposed Alaska LNG project said it has settled on key terms for a gas sales agreement in which BP PLC would supply 30 Tcf of natural gas for the $43 billion liquefaction and export terminal. Under the gas sales agreement, Alaska Gasline would purchase 30 Tcf of natural gas from BP's Prudhoe Bay and Point Thomson units.
US House energy committee approves LNG, cybersecurity bills
The U.S. House of Representatives' Committee on Energy and Commerce on May 9 approved several bills to bolster energy sector cybersecurity as well as legislation to speed exports of small quantities of LNG sending the proposals to the full House for a vote.
Report: GAIL India sells US LNG through destination swap deals, FOB sales
The natural gas company GAIL (India) Ltd. sold 90% of its U.S. LNG through time and destination swap deals for 2018/2019, Reuters reported May 8, citing a GAIL executive.