Shell Says Venture Global Wrongfully Earned $3.5B from CP LNG Sales
Shell is putting numbers to the gross transgression of Venture Global in screwing over its contracted customers for LNG shipments. Venture Global’s Calcasieu Pass LNG export facility received Federal Energy Regulatory Commission (FERC) authorization to place the final three liquefaction blocks (7-9) into service in November 2023 (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for over two years. However, the entire facility is not officially in commercial service, even though it has shipped over 200 cargoes! Venture Global claims it is still working out the kinks. Shell and Venture’s other customers say horse manure! Shell says Venture Global has wrongfully earned $3.5 billion from selling cargos from long-term contracts on the spot market instead. PAY UP, Venture Global! Read More “Shell Says Venture Global Wrongfully Earned $3.5B from CP LNG Sales”
According to the U.S. Energy Information Administration (EIA), North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to an astonishing 24.4 Bcf/d in 2028! That is, if all the projects currently under construction begin operations as planned. However, that increase includes not just exports from the U.S. but also from Canada and Mexico. Yes, somehow, magically, countries like Canada and Mexico, where Big Green thought it held an iron grip, will soon begin to export LNG (some of it U.S. molecules).
In January, Joementia announced he would “pause” any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while his people fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve such projects (see 
UGI, a diversified energy company with midstream (pipeline) operations in the Marcellus and one of PA’s largest utility companies, wants to store trailers of LNG in the parking lot of a storage facility near Scranton, PA, and is seeking a zoning variance to do so. UGI needs extra supplies of natural gas to inject into its utility system during peak periods in the winter months. The company says it will be a temporary situation. 
Up/down, up/down, up/down, up/down… We can’t count how many times the Freeport LNG export facility has come online to go offline again, with the cycle repeating (
In 2019, the Rhode Island Energy Facility Siting Board waived a licensing requirement for a “temporary” LNG storage facility in Portsmouth to prevent another gas outage episode from happening again (see 
Venture Global’s Calcasieu Pass LNG export facility received Federal Energy Regulatory Commission (FERC) authorization to place the final three liquefaction blocks (7-9) into service in November 2023 (see 
On May 31, Constellation Energy shut down and permanently retired the natural gas-fired Mystic Generating Station it owned and operated in Charlestown, Massachusetts, on the north side of Boston (see 
Here’s a bit of good news, possibly. The Freeport LNG export facility, located on Quintana Island, near Freeport, Texas, currently exports 15.3 million metric tons per annum (MTPA). That is when it’s up and running. The plant was most recently down for most of July following a visit by Hurricane Beryl (see 
In January, Joementia announced he would “pause” any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while his people fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve such projects (see 
In September 2019, the Federal Energy Regulatory Commission (FERC) gave its blessing to Eagle LNG to build a small LNG export facility project at a site on the St. Johns River in Jacksonville, Florida (see 
We need a scorecard to keep track of all the ups and downs at the problem-plagued Freeport LNG export facility. We don’t think it’s a stretch to say the plant, which is the second largest LNG export plant in the U.S., has been down as much as it has been up over the past two years of its short existence. Just last Thursday, Reuters reported full operations at the plant (all three “trains”) would not be fully online again until “early August” following Hurricane Beryl visiting the area (see 
CNX Resources issued its second quarter update yesterday. MDN will do a deeper dive into the update on Monday. Today, we want to highlight one item “tucked away” in the report that was first noticed by the Pittsburgh Business Times. CNX has a New Technologies Group dedicated to growing the use of natural gas outside of the typical extract-it-and-sell-it-via-pipeline model. In yesterday’s update, CNX said it had sold what it calls ZeroHp CNG to an outside company in July — making CNG (compressed natural gas) right at the well pad without the use of compressors.