Last month, Japan paid a $5.7 billion tab for its October LNG imports—up 150.9% from the same period in 2021. The country’s LNG imports also increased in October by nearly 10% year over year to 5.08 million tons. ...
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Reese Energy Consulting today is studying the latest news from our meteoric rise in the World of LNG Exports that started in 2016, when the shale revolution gifted the U.S. with massive volumes of natural gas and voracious global appetites, not to mention a new domestic industry. Reese Energy Consulting is following the latest news on America’s race to build more large-scale LNG processing and export terminals, which take anywhere from three to five years and multi-billions to become operational. Seven have now been built with one shuttered since June for repairs and not expected to return online until next month, taking a bite out of nearly seven months of output and affecting world markets and prices. Another three large-scale plants are now under construction, two of which are slated for production in 2024, and the third a Cheniere expansion scheduled to go online in 2025. Sempra announced today plans...
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N.Y.-based New Fortress Energy, a developer of LNG import facilities outside the U.S. now has export plants on the brain....
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All things being equal in an inflationary environment, it’s not unusual to turn to lower-cost alternatives when the real thing has ballooned in price. ...
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As colder months draw closer, New England finds itself in a big pickle and that means a natural gas shortage....
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After what will be nearly five months offline, Houston-based Freeport LNG is planning a partial restart next month at its 2.3 BCFD Texas export facility. That’s great because a tanker is already waiting on a fill up in the Gulf. ...
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