The Sorry State of U.S. LNG Exports & When Will it Change?

Our favorite government agency, the U.S. Energy Information Administration (EIA), is singing a different tune than it did less than two months ago. In late June, EIA published a post discussing the drastic drop in U.S. LNG (liquefied natural gas) exports, saying a recovery to pre-COVID levels would not happen until sometime next year (see EIA Says U.S. LNG Exports Fall by Half in 2020, Recovery Late 2021). EIA is back with a new prediction, which we like better…
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Collusion Exposed! Between Russia and U.S. Congress re Gas Pipe

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The false narrative that somehow Donald Trump and/or those in his administration “colluded” with Russia to affect the 2016 election is flat-out, 100% horse manure. It has been proven to be completely false–a narrative concocted by former FBI director James Comey and others tied to the Hillary Clinton campaign. Yet to this day so-called news outlets like the New York Times, Washington Post, and the joke-of-a-network CNN still push that false narrative. They lie. They don’t reveal the REAL Russian collusion story…
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EIA Says U.S. LNG Exports Fall by Half in 2020, Recovery Late 2021

As we have been saying for some time, LNG exports from the U.S. are low and staying low for at least a few more months (see May NatGas Deliveries to US LNG Plants Lowest Since Last October). The U.S. Energy Information Administration (EIA), our favorite government agency, published a post yesterday detailing just how low. So far this year LNG exports from the U.S. have declined by half from previous levels. Looking at one of the charts where EIA forecasts future LNG exports, it looks like it will be third or fourth-quarter 2021 before we hit the same level of exports we had in 1Q20.
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Antis Demand DRBC Overturn Approval for Delaware River LNG Dock

The ne’er-do-wells from Big Green groups including THE Delaware Riverkeeper, Sierra Club, Food & Water Watch and a mish-mash of other loudmouths are attempting to bully the Delaware River Basin Commission (DRBC) into overturning their previous decision to allow a simple ship dock to get built along the shore of the Delaware River in New Jersey so ships can load LNG already liquefied and waiting. Given the DRBC’s weak leadership, we wonder if the DRBC will (again) cave to the demands of the radicals.
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FERC Approves Feed Gas for Elba Island LNG Train #9

In early May MDN reported Elba Island LNG, a Marcellus Shale gas export facility located near Savannah, Georgia, was in the process of firing up train #8 of the 10 mini-trains being built (see KM’s Elba Island LNG Fires Up 8th Liquefaction Unit). The Federal Energy Regulatory Commission (FERC) has just granted permission to Kinder Morgan, the builder, to introduce feed gas into train #9, meaning that train is nearly ready to go live.
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Partially Loaded LNG Cargo Arrives/Departs Cove Point, Md.

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As we pointed out two days ago, rumors are swirling that a cargo of Nigerian LNG may be heading (at some point) for the Elba Island, Georgia LNG import/export facility (see LNG Imports Coming *to* Elba Island, Georgia?). An MDN reader sent us a tip about another LNG anomaly: A partially loaded cargo of LNG (from Tinidad) recently docked at the Cove Point, Maryland LNG export facility. What’s up with that?!
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May NatGas Deliveries to US LNG Plants Lowest Since Last October

Feedgas, which is the gas that flows to LNG export facilities, hit the lowest levels it has seen since last October according to the U.S. Energy Information Administration. As we pointed out two weeks ago, natural gas prices are staying low because worldwide demand and prices for LNG is currently low (see Why Does NatGas Price Stay So Low with Falling Production?). Low prices will continue for the foreseeable future, with some 20 U.S. LNG export cargoes for June now canceled and another 45 for July rumored to be canceled.
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Braskem America Building New Petchem Export Hub in Charleston, SC

Braskem America, the largest petrochemical company in Latin America (headquartered in Brazil), at one time wanted to build an ethane cracker plant near Parkersburg, WV. They gave up on that plan last July (see Braskem Gives Up on WV Cracker – Parkersburg Site for Sale). Braskem has major petrochemical operations in the U.S. The company has just announced it will build a new petrochemical global export hub in Charleston, S.C. The hub will export polypropylene. Some of the exports will come from Pennsylvania and West Virginia.
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PWC Sells U.S. Magnolia LNG to Different Company for $2M

Two weeks ago MDN brought you the news that consulting powerhouse PricewaterhouseCoopers (PWC), which had been hired to liquidate the assets of Australian company LNG Limited (LNGL), had found a buyer for the Magnolia LNG export project for $2.25 million (see PWC Sells U.S. Magnolia LNG to U.K. Company for $2.25M). Scrub that. The buyer never came through with the money, so PWC has found a second buyer, for $2 million. The fire sale continues.
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New Pointe LNG Facility in La. Would Export Marcellus Gas

Pointe concept (click for larger version)

It looks like another new market may open up for Marcellus molecules along the Gulf Coast. Louisiana LNG, which has been renamed Pointe LNG, began life in 2014. The project didn’t initially “gain traction” but is now rekindled. The co-founders of the project have hired Whitehall & Co as their financial advisor to help them locate $4 billion to get it built. What’s that? How does a Gulf Coast LNG plant tie into the Marcellus?
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Kinder Morgan Restarting 2 of 3 Shut Down Elba Island LNG Units

Last week MDN reported about a compressor fire at the Kinder Morgan’s Elba Island LNG export facility in Georgia (see Compressor Fire Shuts Down Three Elba Island LNG Export Units). The fire was in the compressor train #2. Just to be safe, Kinder Morgan shut down trains 1-3. The good news is that Kinder is restarting #1 and #3 this week.
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Regulators Reject Pieridae/Shell Plan to Feed Nova Scotia LNG

Pieridae Energy wants to build an LNG export plant in Nova Scotia, Canada. The project is called the Goldboro LNG project. We’ve tracked the project for years hoping Marcellus/Utica gas might one day feed it (see our Goldboro LNG stories here). Our hopes to have M-U gas feed Goldboro were dashed when Pieridae announced a deal last June to buy assets from Shell in Western Canada with plans to pipe the gas to the Goldboro plant (see Pieridae Buys Shell Assets in W Canada to Feed Nova Scotia LNG). Canadian regulators in Alberta have just scuttled the deal, refusing to grant permission.
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Work on New Fortress LNG Export Plant in Wyalusing Heats Up

We have some exclusive news to share about a northeast PA LNG plant project. In August 2018, New Fortress Energy announced plans to build at least one LNG liquefying plant in Wyalusing, PA (see Big News! Marcellus LNG Export Plant Coming to Landlocked NEPA). The plant will cost $800 million to build and use some 500 workers to build it. Work began last year to clear the site in preparation for construction (see Work Continues to Clear Site for NEPA Landlocked LNG Export Plant). The big news is…
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DRBC, New Fortress Crush Antis’ Arguments Against LNG Export Dock

Kabuki theater

Earlier this week the Delaware River Basin Commission (DRBC) held a promised hearing to consider its previous decision to approve a request by New Fortress Energy to build a $96 million 1,600-foot-long pier/dock on the Delaware River. The dock will be used for docking and loading two ships at a time with LNG. The only parties allowed to speak were DRBC, New Fortress, and THE Delaware Riverkeeper, the arrogant Big Green group trying to stop the dock and the LNG facility in northeast PA that would feed it.
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New Fortress 1Q: No COVID Money, Raises for Frontline Workers

New Fortress Energy, which focuses on producing, exporting, transporting, and importing (in other countries) LNG marches to the beat of a different drummer. The company recently issued its first-quarter 2020 update. On a conference call with analysts, New Fortress founder and CEO (and billionaire) Wed Edens said his company hasn’t applied for nor accepted any government money re the COVID-19 pandemic. They also haven’t laid anyone off. In fact, New Fortress boosted the salaries of frontline fuel workers by 50% for the months of April and May in recognition of the jobs they are doing and the risks they face during the pandemic.
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