By Ari Natter (Bloomberg) -- President Donald Trump’s effort to boost U.S. energy is facing push back from manufacturers who say exporting more natural gas may undercut his “America First” jobs focus. The Industrial Energy Consumers of America asked the administration Wednesday for a moratorium on U.S. approvals for liquefied natural gas projects. The trade association, … [Read more...]
Modern LNG Carriers Earning More Taking the Scenic Route
By Anna Shiryaevskaya (Bloomberg) -- When the tanker Provalys left Louisiana for Chile last month with a full load of U.S. liquefied natural gas, it sailed around South America instead of taking a shortcut through the expanded Panama Canal. Not only may the route be cheaper without canal transit fees, but advances in technology mean less of the fuel would end up lost at sea … [Read more...]
For LNG Exporters, Is Smaller Better?
By Naureen S. Malik (Bloomberg) -- The failure of a $27 billion project last week may offer a lesson to natural gas exporters: Go small or go home. With a global glut dragging down prices, liquefied natural gas suppliers including Cheniere Energy Inc. and Tellurian Inc. are looking to build smaller and cheaper. Such projects -- a third of the size and a fraction of the cost … [Read more...]
U.S. on Track to Be World’s No.2 LNG Exporter by End-2022 -IEA
By Nina Chestney LONDON, July 13 (Reuters) - The United States is on track to have capacity to become the world's second largest exporter of liquefied natural gas (LNG) by the end of 2022, just behind Australia and ahead of Qatar, the International Energy Agency (IEA) said. Overall, global LNG export capacity would reach 650 billion cubic metres (bcm) a year by the end of … [Read more...]
This Week Has Proven South Korea Is Very, Very Keen on U.S. Natural Gas
By Ryan Collins (Bloomberg) -- If there’s one thing that became clear during the White House’s “Energy Week,” it’s that South Korea is really, really into U.S. natural gas. In less than 24 hours, South Korea’s energy companies had announced four partnerships with U.S. companies to explore opportunities in the U.S. natural gas business. Korea Gas Corp., the state-owned gas … [Read more...]
Gas Boom Seen Snarling Traffic at One of America’s Busiest Ports
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...]