CNG/LNG

As we told you on Friday, it was looking like Venture Global’s Plaquemines LNG export facility (Plaquemines Parish, Louisiana) would start to liquefy natural gas as early as Friday (see Plaquemines LNG Coming Online, Will Hose Customers for 2 Years). Indeed, it happened. Venture Global issued a press release on Saturday to confirm that the facility, at least the initial parts of it, is now up and running. Like its Calcasieu Pass LNG project, Venture Global plans to pretend it’s finishing things up and, at the same time, cream the market by NOT selling gas to its legally contracted customers and instead selling the cargoes on the open/spot market, which will make them more money. Read More “Venture Global Plaquemines Begins to Load & Ship LNG”

According to a Reuters report, Venture Global’s Plaquemines LNG export facility (Plaquemines Parish, Louisiana) could start to liquefy natural gas as early as today. It will mark the first new U.S. LNG export plant to come online in two years. The 20 million metric tons per annum (MTPA) export plant was set to draw over 100 million cubic feet (MMcf/d) of natural gas for the first time yesterday. When fully online, it will use 2.6 billion cubic feet per day (Bcf/d) of natural gas. We suspect some (much?) of the gas comes from the Marcellus/Utica as the plant has an interconnection with the Texas Eastern Transmission Company (TETCO) pipeline—a pipeline that flows M-U gas southwest. However, we’re not elated with the news of Plaquemines’ startup. Read More “Plaquemines LNG Coming Online, Will Hose Customers for 2 Years”

Rystad Energy, based in Norway, is an independent energy research and business intelligence company providing data, analytics, and consultancy services to clients exposed to the energy industry across the globe. In an article published by OilPrice.com, Rystad analysts make this bold claim: “Triggered by incoming US President Donald Trump, the next four years could prime the liquefied natural gas (LNG) markets for a golden era.” Look for the Trump administration to “accelerate US LNG infrastructure expansion through deregulation and faster permitting, bolstering global supply.” After years of uncertainty about U.S. LNG thanks to a dithering President Biden, someone with demonstrable cognitive decline, LNG is “back” under Trump, and global markets are delighted. Read More “The Coming Golden Age of LNG Under Donald J. Trump”

The volume of natural gas flowing to U.S. LNG export facilities on Friday was on track to hit 14.6 billion cubic feet (Bcf), just shy of the all-time high of 14.7 Bcf recorded one year ago, in December 2023. The reason for the near-record high is that all LNG export facilities, including the up down up down up down Freeport LNG facility, were firing on all cylinders. Two weeks ago, one of Freeport’s three trains tripped off (see Freeport LNG Train 3 Down Again; Caused 11-Hour “Emissions Event”). When all three Freeport trains are working, the facility uses just over 2 Bcf/d of gas. On Friday, Freeport was set to hit just over 2 Bcf. Now, if we can keep it up and running! Read More “NatGas Flowing to LNG Export Plants Close to All-Time Record High”

You’ve heard of the Holy Trinity, right? Father, Son, and Holy Spirit. The three largest LNG exporting countries in the world, the U.S. (#1), Australia (#2), and Qatar (#3), are referred to as the LNG Trinity. Together, all three countries represent roughly 60% of all LNG exported on the planet. However, each country has its own strategy, politics, and approach to the market. How are they similar, and how are they different? Read More “LNG Wars: United States vs. Australia vs. Qatar – The LNG Trinity”

On Friday, we told you that a bankruptcy judge had tossed out a lawsuit brought by Freeport LNG against the companies that built the facility, claiming it was their shoddy work that has led to a steady string of problems and outages (see Bankruptcy Judge Tosses Freeport LNG Lawsuit Against 3 Contractors). We said this: “According to a Reuters story, Freeport experienced “roughly a dozen incidents” by early June. Since that time, things have thankfully improved.” We spoke too soon. Read More “Freeport LNG Train 3 Down Again; Caused 11-Hour “Emissions Event””