LNG
Posted: Sat Jan 07, 2017 5:12 pm
The first two 4.5-million-tonne-per-annum (MTPA) liquefaction “trains” at Cheniere Energy’s Sabine Pass LNG site are already churning out LNG, and two more trains are planned to come online there over the next year or so.
Dominion’s Cove Point facility is scheduled for startup in late 2017 or early 2018, adding another 5.25 MTPA.
And still another nine trains along the Gulf Coast (combined capacity, ~40 MTPA or nearly 6 Bcf/d) are slated to come online in 2018-20.
MY TAKE: The NYMEX futures curve is nowhere close to the gas price needed to attract the capital necessary to increase natural gas deliverability needed to meet the surge in gas demand that is anticipated over the next four years. U.S. + Canadian gas production will need to increase by ~15 Bcf per day to meet 2020 demand.
Dominion’s Cove Point facility is scheduled for startup in late 2017 or early 2018, adding another 5.25 MTPA.
And still another nine trains along the Gulf Coast (combined capacity, ~40 MTPA or nearly 6 Bcf/d) are slated to come online in 2018-20.
MY TAKE: The NYMEX futures curve is nowhere close to the gas price needed to attract the capital necessary to increase natural gas deliverability needed to meet the surge in gas demand that is anticipated over the next four years. U.S. + Canadian gas production will need to increase by ~15 Bcf per day to meet 2020 demand.