Marcellus/Utica LNG Heading to Barbuda, West Indies?

Barbuda Ocean Club (click for larger version)

Eagle LNG Partners built and maintains a smallish LNG facility in Maxville, Florida (suburb of Jacksonville). Since early 2018, Eagle LNG has loaded hundreds of ISO and trailers loads from their Maxville LNG facility for Crowley Maritime and other customers (see Eagle LNG Celebrates 100th LNG Bunkering at Port of Jacksonville). Eagle is spreading its wings. Earlier this week the company announced it has entered into a long-term agreement to provide a turn-key U.S. natural gas solution for the Barbuda Ocean Club in Barbuda, West Indies.
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NYMEX NatGas Price Breaks $3/Mcf Thanks to LNG Shipments

The price of natural gas trading at the Henry Hub terminal in southern Louisiana, the national benchmark price used for NYMEX futures contracts, has been on a rocket ship ride up over the past two days. Two days ago the price added $0.12 in a single day (see Louisiana LNG Begins Moving Again, Forecast Colder, Gas Price Jumps). Yesterday the price added *another* $0.11, passing the $3/Mcf mark for the first time in over a year.
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More Shipping Channel Troubles for Gulf Coast LNG Exports

Semi-submersible rig Jasminia (credit: MarineTraffic.com)

Last week MDN told you about a barge sinking in a shipping channel in Lousiana that had contributed to a big drop in the price of natural gas (see Sunken Barge in LA Helps Fuel $0.22 One-Day Drop in NatGas Price). That barge is still stuck on the bottom, blocking traffic to the Cameron LNG facility. In addition to trouble for Cameron in the Calcasieu Ship Channel, a semi-submersible rig ran aground in the Sabine Bank Channel, blocking LNG traffic to and from Cheniere Energy’s Sabine Pass LNG terminal.
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Philippines Taps New Fortress for LNG Infrastructure, Power Plants

We think we’ve spotted a potential new export market for northeastern Pennsylvania natural gas. New Fortress Energy (NFE) issued a joint announcement yesterday with the Philippine National Oil Company (PNOC) to say NFE will build LNG infrastructure and new gas-fired power plants in The Philippines. The two signed a “memorandum of understanding” (MOU).
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How Much M-U Gas Flows to the Gulf Coast Each Day? We Have Answer

Over the years we’ve written about pipeline systems being built or expanded and upgraded to carry Marcellus/Utica natural gas to other regions, including as far away as the Gulf Coast, where the gas either gets used in petrochemical plants or (more commonly nowadays), gets exported as LNG. We now have some estimates for just how much of the 33+ Bcf/d (billion cubic feet per day) of our gas goes to the Gulf Coast.
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FERC Gives Glenfarne an Extra 5 Years to Build Magnolia LNG

In September, the new owner of Magnolia LNG, investment firm Glenfarne Group, along with Kinder Morgan (which plans to build a pipeline to the Magnolia facility), asked the Federal Energy Regulatory Commission (FERC) to extend the time to build the project (see Glenfarne Asks FERC for Extra 5 Years to Build Magnolia LNG). On Wednesday FERC granted its blessing.
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Marcellus/Utica Ethane Exports Head to Europe, Asia, S. America

ethane carrier

The Marcellus/Utica region has far more ethane production than we can use–even if the mighty Shell and PTT cracker plants were both in-service and operating. In fact, ethane is still (for many M-U drillers) a waste product that must be blended with natural gas or otherwise disposed of. Drillers are paying to get rid of ethane! Exporting ethane is an important way for M-U drillers to, in some cases, break even and make a profit.
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Pieridae Hires Bechtel to Design Goldboro LNG in Nova Scotia

Pieridae Energy’s Goldboro LNG project, located in Nova Scotia (with the potential to export Marcellus/Utica molecules) has been on our radar for years. In August Pieridae hired a senior VP to run the project (see Pieridae Hires Senior VP to Run Goldboro LNG Export Project). Now comes word Pieridae has hired EPC giant Becthel to design and (eventually) build it. This project is getting serious.
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U.S. Petroleum Exports Went UP in 1H20…Thanks to NGLs

In the first half of 2020, the U.S. exported 5.4 million barrels per day (bpd) of petroleum products, a slight increase of 48,000 bpd (1%) from the first half of 2019. Wait, what? Exports went UP and not down? Even though the entire world shut down and used far less fossil fuels during 1H? That’s right. The reason we exported slightly more petroleum products is because NGLs (natural gas liquids) are part of those numbers, and the world kept using NGLs, like propane and ethane, even during the COVID shutdown.
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Claims of PA LNG by Truck & Rail as “Bombs on Wheels” Disproven

Antis continue their public relations push to try and block a northeastern PA LNG liquefaction plant in Wyalusing, PA planned by New Fortress Energy (NFE), by claiming the LNG that will be shipped from the plant to the Philadelphia area, via trucks and rail, will be rolling “bombs on wheels.” However, an article in the Philadelphia Inquirer debunks those lies.
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Glenfarne Asks FERC for Extra 5 Years to Build Magnolia LNG

In May, Australian company LNG Limited (LNGL) found a buyer for its Magnolia LNG export project, located in Louisiana, for $2 million (see PWC Sells U.S. Magnolia LNG to Different Company for $2M). The buyer turned out to be investment firm Glenfarne Group (see Mystery Solved of Who Bought Magnolia LNG Export Project). Glenfarne, along with Kinder Morgan (which plans to build a pipeline to the Magnolia facility), has asked the Federal Energy Regulatory Commission (FERC) to extend the time to build the project.
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U.S. NatGas Exports via LNG, Pipelines Takes a Nosedive

Liquefied natural gas (LNG) exports from the U.S. came from literally zero in early 2016 to a total theoretical capacity today of 8.9 billion cubic feet per day (Bcf/d). The first three months of this year saw U.S. LNG exports average 7.9 Bcf/d–almost full capacity! Since then, our LNG exports have gone over a metaphorical cliff. In June, U.S. LNG exports averaged 3.6 Bcf/d. The turning point came in April.
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Anti-Shale Zealots Openly Admit Strategy to Delay, Deny LNG in NJ

Last week MDN brought you the news that the Delaware River Basin Commission (DRBC) had, once again, caved to pressure from radicalized environmental groups by suspending (for now) a permit they previously issued to allow New Fortress Energy (NFE) to build a dock in the Delaware River to load ships with LNG (see Compromised DRBC Votes 3-2 to Suspend NJ LNG Export Dock Permit). One member of the Big Green cabal trying to stop the project, the New Jersey Sierra Club, openly admits their strategy is to first delay, then build up opposition with a propaganda effort, and in the end, defeat any and all new fossil fuel projects, like the NFE LNG facility.
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