By Naureen S. Malik (Bloomberg) -- Two weeks after Hurricane Harvey flooded the U.S. Gulf Coast, brought shipping to a halt and knocked out power to millions, the only company sending U.S. shale gas overseas is back in business. In fact, Cheniere Energy Inc.’s flagship Sabine Pass terminal in Louisiana is liquefying more natural gas for export than ever. Cheniere fully … [Read more...]
America’s on Track to Export a Record Volume of Shale Gas in November
By Jim Polson (Bloomberg) -- The U.S. is set to export a record number of cargoes of shale gas this month. Nine liquefied natural gas tankers have departed or are scheduled to leave Cheniere Energy Inc.’s Sabine Pass terminal in November, already the most for any month since exports began in February, according to ship-tracking data compiled by Bloomberg and Genscape … [Read more...]
U.S. Taps India as Asia’s Debut Buyer of American Shale Gas
By Debjit Chakraborty, Anna Shiryaevskaya and Harry R. Weber (Bloomberg) -- Gail India Ltd. bought the second shipment of liquefied natural gas from Cheniere Energy Inc.’s Sabine Pass plant in Louisiana in a deal that makes it the first Asian importer of U.S. shale gas. The nation’s biggest supplier will receive the cargo, bought on spot basis, at the Dabhol import … [Read more...]
Global War for Gas Market Share Claims $40 Billion LNG Casualty
By Naureen S. Malik and Stephen Stapczynski (Bloomberg) -- The global LNG boom is turning into a war of attrition amid a glut in the seaborne natural gas market. The conflict spanning from Australia to Qatar to the U.S. claimed a major casualty this week when Woodside Petroleum Ltd., with partners Royal Dutch Shell Plc and BP Plc, scrapped plans for the $40 billion Browse … [Read more...]
LNG Carrier ‘Asia Vision’ Arrives in Brazil with First Exported U.S. Shale Gas Cargo
By Harry R. Weber (Bloomberg) -- The tanker carrying the first cargo of natural gas from U.S. shale formations was entering Brazil on Tuesday after leaving Cheniere Energy Inc.’s Sabine Pass terminal in Louisiana on Feb. 24. The liquefied natural gas tanker Asia Vision was arriving at port in Rio de Janeiro, according to shipping data compiled by Bloomberg. Petroleo … [Read more...]