Exporting natural gas in the form of Liquefied Natural Gas (LNG) will be 10% of out nations gas demand by 2020. It has already started.
By the end of 2020 the United States is expected to have 9.5 Bcf per day of LNG export capacity on-line.
That will make the U.S. the world’s 3rd largest LNG exporter behind Qatar and Australia.
Sabine Pass 1 (0.6 Bcfpd) is now on-line and Sabine Pass 2 (0.6 Bcfpd) will be on-line by Q4 2016
Sabine Pass 3 & 4 and Cove Point 1, a combined 1.6 Bcfpd, come on-line in 2017
Freeport 1, Cove Point 2 and Cameron 1 & 2, a combined 2.2 Bcfpd, come on-line in 2018
Corpus Christi 1, Freeport 2 & 3, Cameron 3 and Sabine Pass 5, a combined 2.9 Bcfpd come on-line 2019
Lake Charles 1, Corpus Christi 2, and Freeport 4, a combined 1.7 Bcfpd, come on-line in 2020
Antero Resources (AR) has already commitments to deliver 200 MMcf per day to Sabine Pass starting in 2016 and another 330 MMcf per day to Cove Point starting mid-2017.
LNG Exports
LNG Exports
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: LNG Exports
Cheniere targets Trains 3, 4 for 2017 completions
In a letter to FERC dated May 24, representing the Monthly Construction Progress Report to the agency, Cheniere Energy (ticker: LNG) reported its progress through April 2016 on Trains 1,2,3 and 4 at its Sabine Pass LNG project as follows:
“Actual project progress supports the achievement of substantial completion for Trains 1 and 2 by late May 2016 and September 2016, respectively.
Update: http://www.oilandgas360.com/cheniere-re ... dium=email
In a letter to FERC dated May 24, representing the Monthly Construction Progress Report to the agency, Cheniere Energy (ticker: LNG) reported its progress through April 2016 on Trains 1,2,3 and 4 at its Sabine Pass LNG project as follows:
“Actual project progress supports the achievement of substantial completion for Trains 1 and 2 by late May 2016 and September 2016, respectively.
Update: http://www.oilandgas360.com/cheniere-re ... dium=email
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: LNG Exports
May 25
The U.S. House of Representatives passed the FY17 National Defense Authorization Act (NDAA), which authorizes $602 billion in funding for the Department of Defense and the national security programs of the Department of Energy. While defense spending has little effect on the oil and gas market compared to other factors, there was a provision in the bill that will affect the oil and gas market in the U.S.
The bill included a measure to streamline the permit process through the Department of Energy to export LNG. The passage of the bill allowing LNG exports opened the door to the U.S. entry into the global natural gas market, and this NDAA bill just pushed the door open even wider. A streamlined approval process would allow American LNG to enter the European Market, loosening Russia’s grip on energy supplies and prices.
The American Petroleum Institute released a statement commending the House on the passage of this legislation. “U.S. LNG exports will create American jobs, significantly strengthen the global energy marketplace, and bolster our strategic alliances,” said API Executive Vice President Louis Finkel. “Today’s action by the U.S. House of Representatives to approve LNG exports provisions as part of the defense authorization bill further cements the critical role U.S. energy plays at home and abroad.
“It’s time for our nation to fully embrace the vast economic and geopolitical opportunities unleashed by the energy renaissance. U.S. LNG exports ensure that consumers across the globe have access to stable, diverse energy supplies, protect America’s role as a global energy leader, further enhance national security in the homeland and help our allies break dependence on nations that use their energy resources as a political weapon,” API’s Finkel said.
U.S. LNG exporter Cheniere Energy (ticker: LNG) shipped its first LNG cargo to Europe from its Sabine Pass LNG export facility in Louisiana in April of this year. The company is targeting first cargo from Train 2 at Sabine Pass in mid-August.
The U.S. House of Representatives passed the FY17 National Defense Authorization Act (NDAA), which authorizes $602 billion in funding for the Department of Defense and the national security programs of the Department of Energy. While defense spending has little effect on the oil and gas market compared to other factors, there was a provision in the bill that will affect the oil and gas market in the U.S.
The bill included a measure to streamline the permit process through the Department of Energy to export LNG. The passage of the bill allowing LNG exports opened the door to the U.S. entry into the global natural gas market, and this NDAA bill just pushed the door open even wider. A streamlined approval process would allow American LNG to enter the European Market, loosening Russia’s grip on energy supplies and prices.
The American Petroleum Institute released a statement commending the House on the passage of this legislation. “U.S. LNG exports will create American jobs, significantly strengthen the global energy marketplace, and bolster our strategic alliances,” said API Executive Vice President Louis Finkel. “Today’s action by the U.S. House of Representatives to approve LNG exports provisions as part of the defense authorization bill further cements the critical role U.S. energy plays at home and abroad.
“It’s time for our nation to fully embrace the vast economic and geopolitical opportunities unleashed by the energy renaissance. U.S. LNG exports ensure that consumers across the globe have access to stable, diverse energy supplies, protect America’s role as a global energy leader, further enhance national security in the homeland and help our allies break dependence on nations that use their energy resources as a political weapon,” API’s Finkel said.
U.S. LNG exporter Cheniere Energy (ticker: LNG) shipped its first LNG cargo to Europe from its Sabine Pass LNG export facility in Louisiana in April of this year. The company is targeting first cargo from Train 2 at Sabine Pass in mid-August.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group