Cove Point LNG: BP Ship Coming for 1st M-U Pickup; India Wants Swap
“Hey Jim, what’s happening with Cove Point LNG? Didn’t you say a ship was on the way to pick up the very first cargo of Marcellus molecules?” Great question. Cove Point did see its first cargo set sail in early March (see Cove Point Ships First LNG Cargo – But Not M-U Gas). However, that first cargo was imported gas (from Nigeria) used to test the facility as part of the commissioning process. The plant chilled the Nigerian gas and loaded it onto a waiting LNG tanker and the tanker left. So yes, the plant works, but the first batch wasn’t M-U molecules, so in our book it doesn’t really count. We also told you that a second LNG tanker, called Methane Spirit, was on the way to Cove Point and would be the first ship to load and distribute M-U molecules to distant shores. Orders have changed. Methane Spirit is no longer en route to Cove Point. However, a BP-chartered ship by the name of Patris is on the way to Cove Point. Meanwhile, those who keep an eye on these things say there is currently very little feed gas (i.e. Marcellus gas) flowing into the Cove Point facility. Meaning what? Meaning it looks like the original rumor from January that Cove Point won’t be up and running, shipping Marcellus gas until April, was correct (see Uh-Oh: Cove Point LNG Exports Possibly Delayed Until April). The Patris is not due to dock at Cove Point until April 9th. Meanwhile, as India gets ready for its first contracted shipment of LNG from Cove Point, the country no longer wants it! They want to swap their Cove Point shipments with someone else. We explain it below…
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As MDN reported last Friday, the very first cargo of LNG (liquefied natural gas) left the Cove Point LNG export facility in Lusby, Maryland (see
Earlier this week MDN told you the ship that would carry the very first cargo of LNG from Cove Point LNG had docked (see
Southern LNG, a unit of Kinder Morgan, filed a request with the Dept. of Energy yesterday asking the DOE for “blanket authorization” to export LNG from the Elba Island LNG plant in Georgia beginning in the third quarter of this year…
The U.S. Department of Energy’s Office of Fossil Energy has just released an interesting report that shows the number and volume of LNG (liquefied natural gas) exports from Feb. 2016 (when U.S. LNG exports began) to Dec. 2017. It’s really quite fascinating. For example, which country do you think we have (so far) shipped more LNG to than any other country? Someplace in Europe? Maybe Japan or China? Nope. The #1 one trading partner that received our LNG for 2016-2017 was…Mexico! That’s right, Mexico. Even though we have all sorts of natural gas pipelines crossing the border into Mexico. Apparently those pipelines don’t connect with large parts of the country, so LNG tankers meet the need instead. Number two on the list of countries receiving our LNG exports: South Korea. Followed by China (#3), Japan (#4) and Chile (#5). The report also breaks down deliveries by other criteria. For example, even though Mexico was #1 on the list for our exports, if you break our exports down regionally, Asia/Pacific received most of our exports, while Latin America (including Mexico) was the #2 region. Or how about this: Free Trade Agreement (FTA) countries vs. non-FTA countries. Would it surprise you to learn that non-FTA countries got more of our exported LNG (52.7%) than FTA countries (43.3%)? The reason MDN readers should be interested in LNG exports is because exports are a huge future market for Marcellus/Utica gas. Be sure to spend some time with this important report…
It’s fun to watch the left eat its own. That’s exactly what’s happening in Boston. We’ve provided a fair bit of coverage on the issue of lack of pipelines in New England and the fallout from it. Because of lack of natural gas pipelines, both natural gas AND electricity prices in New England are sky high. Natgas is used to generate most of New England’s electricity. When it gets cold out, residents and businesses use more natgas for heat, causing a shortage of natgas, further causing insane price hikes. At some point, there just won’t be any more gas at any price–and that’s when rolling blackouts begin. It will happen sooner than you think. Important politicians in New England, like U.S. Senator Elizabeth “Pocahontas” Warren and Attorney General Maura Healey (both from Massachusetts) have actively worked to block new natgas pipelines. The result? LNG tankers with illegal Russian gas are supplying a good share of the region’s natgas supplies during cold snaps. It’s disgusting. It’s so disgusting, even the far-left libs who write and edit the Boston Globe can’t stand it anymore. The Globe published an editorial yesterday titled “Our Russian ‘pipeline,’ and its ugly toll,” taking Healey and the enviro left to task. Yeah, it’s fun to watch the left eat its own!…
The whole story of Russian LNG coming to Boston to help New England with its crisis shortage of natural gas continues to irk us. Although Russia and the Yamal plant where the gas was liquefied were sanctioned under President Obama. However, the actual gas itself was/is not sanctioned, for whatever reason. We have a situation where New England continues to obstinately refuse new natgas pipelines, instead buying LNG from Russia during critical shortages. We’re paying (and depending on) our enemies for natural gas when world-class supplies of it exist a few hundred miles away in the Marcellus. We’ve written about this confounding situation since early January (
On Monday, Dominion Energy CEO Tom Farrell reported that the company’s Lusby, Maryland Cove Point LNG export facility will become operational and begin to export LNG in “early March” (see
The more we read about and dig into the story of Russian gas coming to Boston, the angrier we get. Just yesterday we told you that a rumored second shipment of Russian gas may be heading to Boston (see 
Earlier this month MDN brought you news that Dominion’s Cove Point LNG export facility along the shore of Maryland has delayed its official start-up until perhaps as late as April (see