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South Korea becomes top US LNG importer; 2nd wave of projects builds momentum


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South Korea becomes top US LNG importer; 2nd wave of projects builds momentum

South Korea becomes top importer of US LNG

South Korea overtook Mexico in October as the greatest overall importer of U.S. LNG over the almost three years since the first cargo left the Lower 48, according to figures released by the U.S. Department of Energy. With a lack of domestic energy resources or connections to international natural gas pipelines, South Korea is one of the world's top importers of LNG and other fossil fuels, according to the U.S. Energy Information Administration.

Flurry of LNG supply deals builds momentum for 2nd wave of US export projects

Another agreement for Poland to buy LNG from a U.S. developer added to a flurry of contract activity for the American gas export industry in recent months that is bolstering the prospects of new export terminals. The most recent deal, announced Dec. 19 by Polish Oil and Gas Co., called for the state-run energy company to buy 2 million tonnes per annum of LNG from Sempra Energy's proposed Port Arthur LNG export facility in Texas over 20 years.

Cheniere nears decision on 6th LNG train at Sabine Pass with Petronas deal

Cheniere Energy Inc.'s long-term agreement to supply a Petroliam Nasional Bhd. unit with LNG could push a sixth liquefaction train at the company's Sabine Pass export terminal across the line to be commercially sanctioned in 2019. "This contract should be enough to let them move forward with a [final investment decision]," Morningstar Inc. analyst Stephen Ellis said. "If not, they are certainly very close, and it is very likely it will move forward at some point."

DOE streamlines LNG export reporting in 'important deregulatory step'

The U.S. Department of Energy will streamline its destination reporting requirements for U.S. LNG exporters, due in part to the complexity of LNG export transactions and the challenges associated with tracking exports to their destination, the department said. The DOE will now only require U.S. exporters to report the country of delivery for LNG cargoes, not the final destination of the gas, which can be a different country, the government agency said in a Dec. 19 release.

Poland reaches 20-year deal to buy LNG from Sempra's Port Arthur facility

Sempra subsidiary Port Arthur LNG LLC struck a 20-year agreement with Polish Oil and Gas Co. to buy 2 million tonnes per annum of LNG from the Port Arthur liquefaction and export facility in Texas. Under the sale and purchase agreement, the LNG will be sold on a free-on-board basis and Polish Oil will be in charge of shipping the LNG from the Port Arthur terminal to its chosen destination, according to a Dec. 19 news release.

Exelon's proposed Annova LNG in Texas passes FERC staff environmental review

Exelon Corp.'s Annova LNG export project cleared a draft environmental review by Federal Energy Regulatory Commission staff, a significant step toward authorization for the proposed Brownsville, Texas, terminal that would add 6 million tonnes per annum to U.S. gas liquefaction capacity. The draft environmental impact statement, issued Dec. 14, found that the Annova project would do some harm to the environment.

Magnolia LNG developer extends construction contract

Australia's LNG Ltd. extended the construction contract for its proposed Magnolia LNG LLC terminal in Louisiana amid delays in making a final investment decision for the project. The engineering, procurement and construction contract with KSJV for the project is now valid through June 30, 2019, according to a Dec. 20 news release.