US

US exports introduce positive disruption for LNG

DNV GL’s Maritime Trend report foresees that US is going to dominate LNG growth in 2019. US, as “a new kid on the bloc”, seems to be introducing new dynamics, such as increased tonne-mile demand, attractive price arbitrage and much more flexible terms of contracts.

Discussions start for FSRU and LNG terminal in port of Cork

US-based LNG development company NextDecade signed a Memorandum of Understanding with the Irish Port of Cork, to advance a joint business development opportunity in Ireland for a new Floating Storage and Regasification Unit and associated LNG import terminal infrastructure.

IEA sees US as top LNG producer by 2022

International Energy Agency issued a report on a five-year analysis on natural gas, revealing that US will account for 40% of the world’s extra gas production to 2022, thanks to the remarkable growth in domestic shale industry. IEA estimates that the country will challenge Australia and Qatar for global leadership among LNG exporters.

US approves Eni plan for drilling in Alaska waters

The US Bureau of Ocean Energy Management approved a Beaufort Sea exploration plan in Alaska, received by Eni US, a subsidiary of Italian oil and gas company Eni. Following the approval, the company will become the first allowed to explore for oil in US waters off Alaska since 2015.

Ethylene export terminal to be developed in Houston Channel

Enterprise Products Partners and Navigator Holdings announced the execution of a letter of intent, to jointly develop an ethylene marine export terminal on the Houston Ship Channel. The ethylene export terminal would be connected to Enterprise’s ethylene salt dome storage and ethylene pipeline system, which is currently under construction.

New agreement signed on US Port Arthur LNG project

Sempra LNG & Midstream and Woodside Energy (USA), have signed a memorandum of understanding with Korea Gas Corporation regarding the development of the proposed Port Arthur LNG liquefaction project in Port Arthur, Texas. The MoU provides a framework for cooperation and joint discussion by the parties regarding key aspects of the Port Arthur LNG project.

Cheniere, KOGAS sign long-year LNG agreement

On 25 June, Cheniere Energy and KOGAS hailed the commencement of their 20-year Sales and Purchase Agreement, to supply U.S.-sourced LNG to KOGAS from the Sabine Pass Liquefaction facility in Louisiana. Under the terms of the SPA, Cheniere shall sell and make available for delivery to KOGAS approximately 3.5 million tonnes of LNG per year.

New LNG project to be developed in Gulf of Mexico

Delfin Midstream and Golar LNG have signed a Joint Development Agreement, to develop the Delfin LNG project, off the coast of Cameron Parish, Lousiana, utilising Golar’s FLNG technology. The joint development agreement is expected to facilitate the financing, marketing, construction, development and operation of Delfin LNG.

Three more members join SEA\LNG coalition

SEA\LNG announced the addition of three new members to the coalition. JAX LNG, Petronet LNG Limited, and Toyota Tsusho Corporation have joined SEA\LNG to support the coalition’s goal of creating the necessary confidence in the shipping sector to drive an effective and efficient global LNG value chain by 2020.

Three more members join SEA\LNG coalition

SEA\LNG announced the addition of three new members to the coalition. JAX LNG, Petronet LNG Limited, and Toyota Tsusho Corporation have joined SEA\LNG to support the coalition’s goal of creating the necessary confidence in the shipping sector to drive an effective and efficient global LNG value chain by 2020.

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