LNG: Energy CEOs talk about exporting U.S. shale gas to Europe, Asia “We are changing the way the global natural gas markets are going to function”—Charif Souki, Cheniere Energy CEO The exportation of liquefied natural gas (LNG) and crude oil from the U.S. were hot topics at EnerCom’s The Oil & Gas Conference® 20. Marcellus producer Range Resources is well
– Building $550 Million Condensate Storage and Marine Terminal – Cheniere Partners Taking on $5.8 Billion Debt to Build Train 5 at Sabine Pass LNG Export Facility Cheniere Energy (ticker: LNG) is moving forward now on several energy export fronts. Word came out this week that the company’s plans are moving forward to construct a $550 million export terminal in
Coast Guard seeks to deliver protection against “invisible” attacks. United States Coast Guard Commandant Vice Adm. Paul F. Zukunft in a keynote address at the Center for Strategic and International Studies on June 15 said that while the U.S. port facilities have hardened their perimeters and they now notify the U.S. Coast Guard of intrusions in order to identify possible coordinated attacks, there is a notable hole
Project expansions to be funded from internally generated cash flow The United States’ first liquefied natural gas (LNG) export terminal is on target for completion by year-end 2015, and its operator, Cheniere Energy (ticker: LNG) is ramping up additional operations. On June 11, 2015, Cheniere announced two additional project developments that could increase the company’s nominal production capacity by as
The meteoric production rise of the Marcellus and Utica Shales has shifted the playing field of the natural gas market and changed the United States energy landscape. While the recent commodity swing has finally forced U.S. oil production to least plateau (for the time being), the Appalachia has delivered consistent year-over-year growth ever since horizontal drilling truly took off in
Is LNG Development Dying as Oil Prices Slide? The idea of converting natural gas to liquid form in order to export vast amounts of U.S. shale gas to international customers has caught the attention of U.S. drillers, energy export entrepreneurs and energy-hungry customers around the world. Prospective customers abound. Across the Atlantic, you’ve got European countries wanting to lessen their dependency on Russia as their primary supplier of energy. And
If Approved, New Export Capacity would Exceed 3.5 Bcf/d Sempra Energy’s (ticker: SRE) Cameron LNG plant, located in Hackberry, Louisiana, is about to get bigger. Representatives for the $10 billion LNG export plant applied for a facility expansion on February 24, 2015 – roughly four months after construction began. If approved, the expansion will provide an additional storage tank along
Some LNG projects in Australia in trouble Planned Australian liquefied natural gas (LNG) export projects are at risk as sinking energy prices make investments unviable, reports Reuters. A nearly 50% slump in Asian LNG prices this year has pressured any project without a Final Investment Decision (FID). Last week, Woodside Petroleum Ltd. (ticker: WPL) delayed the FID for its $40
Increased natural gas production is projected to satisfy 60% to 80% of a potential increase in demand for added liquefied natural gas (LNG) exports from the Lower 48 states, according to recently released EIA report. The report, Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Market, considered the long-term effects of several LNG export scenarios specified by
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