coffee - Sounds like a good time to get caught up on the LNG news. Such as Boston getting Russian LNG and the plans to export more LNG out of the Gulf Coast hopefully (for the producers) raising the price of NG for the domestic consumers:
"The tanker carrying Russian natural gas that's been sitting outside of Boston Harbor for days will probably land over the weekend, according to the U.S. Coast Guard."
https://www.rigzone.com/news/united_states/lng_lpg/"Total said on Wednesday it has acquired the upstream liquefied natural gas (LNG) interests of French power and gas utility Engie for around $1.5 billion, in a deal which is set to make it the world's second largest player in the LNG market, with a 10 percent share."
https://www.rigzone.com/news/wire/franc ... 5-article/"Italy-based Edison, a major electricity supplier in Europe, has reached a 20-year sales and purchase agreement (SPA) to source liquefied natural gas (LNG) from Venture Global Calcasieu Pass, LLC, Venture Global announced Wednesday. Under the SPA, Edison will purchase 1 million tons per annum of LNG from the Calcasieu Pass LNG export facility that Venture Global is developing in Cameron Parish, La., Venture Global stated. Venture Global, which noted that Edison will purchase the gas on a free on board basis, added that it expects Calcasieu Pass to start commercial operation in 2021."
https://www.rigzone.com/news/oil_gas/a/ ... _customer/FYI. Free on board contract: In an LNG FOB contract, the buyer lifts the LNG from the liquefaction plant and is responsible for transporting the LNG to the receiving terminal. The buyer is responsible for the shipping, either owning the LNG ships or chartering them from a shipowner. In a FOB contract, the seller requires assurance that the shipping protocols provide a safe and reliable off-take for the LNG to prevent disruption to the sales and purchase agreement.
Just as the contracts Chenier has signed in the past: the LNG is sold at the cost of the NG and the transport cost plus a fixed profit margin. As mentioned before these very expensive LNG plants are built without long term fixed contracts that will assure the infrastructure investment will be profitable.
"LNG deliveries to Trafigura, one of the biggest independent traders of the fuel, will begin in 2019, Cheniere said."
https://www.rigzone.com/news/united_states/lng_lpg/"The Honghua Group Limited has awarded Wood a $12 million front-end engineering design (FEED) contract for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico, Wood announced Tuesday. According to Wood, the FEED’s primary objective will be to finalize the design of the world’s first offshore platform-based natural gas liquefaction and storage facility. The company noted that it recently completed the project’s pre-FEED work."
https://www.rigzone.com/news/wood_to_de ... 5-article/"The developer of an
LNG export terminal in Oregon that has already twice been denied permits by U.S. regulators is giving it another shot. Veresen Inc. said late Thursday that it filed another application with the Federal Energy Regulatory Commission for the $10 billion Jordan Cove LNG terminal that would ship gas to Asia. The agency said the project wasn’t needed in March 2016, and rejected Veresen’s appeal in December. In its latest request, the Calgary-based company proposed route changes for a pipeline to feed the terminal and eliminated plans for a power plant."
https://www.rigzone.com/news/oil_gas/a/ ... ther_shot/"The United States is proposing to speed up approval of small-scale exports of natural gas, including liquefied natural gas (LNG), the U.S. Department of Energy said in a statement released on Friday. The department said the proposed rule would "expedite the review and approval of applications to export small amounts of natural gas in the emerging small-scale LNG export market," which it said includes the Caribbean, Central America and South America."
https://www.rigzone.com/news/oil_gas/a/ ... tural_gas/And last but not least: " President Donald Trump’s effort to boost U.S. energy is facing push back from manufacturers who say exporting more natural gas may undercut his “America First” jobs focus."
https://www.rigzone.com/news/oil_gas/a/ ... facturers/