By Brian K. Sullivan (Bloomberg) -- A boom in natural gas exports from the U.S. Gulf Coast is raising the prospect of traffic jams at one of America’s busiest ports. Weather delays from fog and storms are nothing new at the Houston Ship Channel, which links the prolific oil and gas fields of Texas and Louisiana to the rest of the world. But as more cargoes of liquefied … [Read more...]
U.S. LNG to China, A Balance of Trade
By Ted Michael, Senior LNG Analyst, Genscape The U.S. China Summit ended on a positive note for U.S. LNG exports. While China runs a massive trade import deficit with the U.S., the country has signed major 20-year gas import contracts with Russia, Qatar, and Australia; the U.S. absence has been noted. Chinese LNG Imports Receive a Presidential Push President Trump … [Read more...]
China Love for U.S. Gas Begins as Trump Rolls Out Red Carpet
By Bloomberg News (Bloomberg) -- Let the gushing begin. After an executive from U.S. liquefied natural gas exporter Cheniere Energy Inc. spoke to a few hundred people at a conference in Beijing last week, the first question from the audience turned out to be an invitation to visit one of China’s biggest energy firms and a main LNG buyer, the state-owned giant known as … [Read more...]
Oregon County Overwhelmingly Rejects Measure to Block LNG Export Terminal
By Timothy Mclaughlin May 17 (Reuters) - A coastal Oregon county overwhelmingly rejected a ballot measure aimed at blocking a proposed natural gas terminal dealing a blow to what was the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure, had it passed, would have banned transport of fossil fuels not intended for local use … [Read more...]
New U.S. Pipelines to Drive Natural Gas Boom as LNG Exports Surge
By Scott DiSavino April 12 (Reuters) - U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from shale fields in the three states by giving producers access … [Read more...]
After Six Decades, U.S. Set to Turn Natural Gas Exporter Amid LNG Boom
By Scott DiSavino March 29 (Reuters) - The last time the United States was a net exporter of natural gas was in 1957, when Dwight Eisenhower was president. That should change in 2018 when the country is expected to become the world's third-largest exporter of liquefied natural gas (LNG). By the end of next year, U.S. LNG export capacity in the lower 48 states will top 6 … [Read more...]
History Doesn’t Bode Well For New Commercial Cargo Preference Bill
By J. Michael Cavanaugh, Eric Lee (Holland & Knight) - Rep. John Garamendi (D-Calif.), joined by Reps. John Duncan (R-Tenn.) and Duncan Hunter (R-Calif.), recently introduced H.R. 1240, the Energizing American Maritime Act, described as a bill "to require a certain percentage of liquefied natural gas and crude oil exports be transported on vessels documented under the … [Read more...]