Exporting

Reuters is reporting that in March, U.S. LNG exports rose by 16% to a brand new, all-time high of 7.43 million tonnes. Running the calculations, that converts to 371.5 billion cubic feet (Bcf), or roughly 12 Bcf per day. Here’s a question: How much of that 12 Bcf/d that was exported comes from the Marcellus/Utica?
Read More “LNG Exports Hit Record High in March – 65% Head to Europe”

In what appears to be an adoption of talking points from left-wing Democrats like Sen. Elizabeth “Pocahontas” Warren, the normally-balanced Wall Street Journal is blaming LNG exports for higher natural gas prices here at home. The article attempts to make the case that a gradually increasing amount of LNG exports has led to high electric prices in the U.S. The article is flawed in many ways.
Read More “WSJ Blames LNG Exports for High NatGas/Power Prices in U.S.”

For nearly 10 years MDN has tracked a Canadian LNG export project in Nova Scotia planned by Pieridae Energy. The project is called Goldboro LNG. Last May the company said a final investment decision (FID) would happen no later than June 30, 2021 (see Goldboro LNG Predicts FID Coming by June 30 – Some 9 Yrs Later). But in July 2021, the deadline had passed and the CFO of the company resigned (see Goldboro LNG FID Deadline Passes, Pieridae CFO Resigns). At the time, Pieridae said it would rework the project to be “more compatible with the current environment.” The Goldboro project has been on pause ever since. What would it take to resuscitate the Goldboro plan? We have the answer.
Read More “Pieridae Outlines Plan to Resuscitate Nova Scotia Goldboro LNG”

Yesterday we reported on the Friday deal between the U.S. and the European Union to deliver more LNG to Europe (see U.S. & Europe Announce New LNG Deal – Very Light on Details). The U.S. all but guaranteed Europe would receive another 15 bcm (billion cubic meters) of natural gas. As we speculated, we think most of that additional gas will either come from redirecting existing U.S. cargoes to Europe, or it will come from other countries. But could the U.S. actually deliver all of that extra 15 bcm to Europe this year? The experts at RBN answer that question for us.
Read More “Can U.S. Alone Meet Biden’s Call for Extra LNG Supplies to Europe?”

Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $16.8 billion to build, has not made an official final investment decision (FID) to proceed with building the FERC-approved project. However, construction has begun! Without an FID! The EPC for the project is Bechtel Energy. Bechtel’s initial activities will include demolition, civil site preparation, and construction of critical foundations. Meanwhile, Baker Hughes has been given the green light to begin building two of the natural gas turbines required for phase one of the project. How can you build without an FID?
Read More “Tellurian Begins Construction of Driftwood LNG with No FID”

Depending on your news source, the Biden administration reached an agreement with the European Union last Friday for the U.S. to supply more LNG to the EU beginning this year. Other news sources say it will be next to impossible for the U.S. to ship any more LNG to the EU this year. Yet other news sources (leaning to the far left) point out the agreement actually talks about the EU figuring out ways to *decrease* their natural gas (and LNG) usage. So what, exactly, was the agreement reached last week?
Read More “U.S. & Europe Announce New LNG Deal – Very Light on Details”

We’re still snickering. It wasn’t all that long ago that European leaders turned their arrogant noses up at “fracked” American natural gas, preferring to buy Vlad Putin’s natural gas instead, even though Russia’s natural gas drilling is FAR more polluting to the environment than U.S. drilling with our strict environmental controls. Europe now can’t get enough of our natural gas. While the volume of U.S. LNG exports has remained pretty constant, the destination of those exports has changed dramatically. Two months ago some 30% of the LNG exported from the U.S. went to European countries. Roughly 70% of our LNG exports now head to Europe. All in just the past two months.
Read More “US LNG Heading to Europe Spikes from 30% to 70% Last 2 Months”