Three new U.S. LNG projects have reached a positive final investment decision this year: Venture Global’s CP2 Phase 2, Caturus’s Commonwealth LNG, and now, most recently, Delfin Midstream’s Delfin LNG, which will be the U.S.’s first floating LNG project.
The early signs of a rebound can be seen in Venezuela, where crude oil production and exports are on the rise, although plenty of unknowns remain. Today, we look at how much Venezuelan crude is reaching the U.S., how the U.S. import slate has changed, and preview our latest Drill Down Report.
The U.S. is at the tail end of an incredible wave of LNG expansion that has so far seen nine new projects across seven terminals reach a final investment decision in a little over a year. Today, we take a closer look at the Commonwealth LNG project and what comes next for U.S. LNG development.
It’s been quite a year already, with energy markets roiled by the Iran war. To survive such swings, you need a deep understanding of market fundamentals so that you can anticipate their effects. That’s today’s subject and the focus of our upcoming School of Energy: Foundations.
It’s been quite a year already, with energy markets roiled by the Iran war. To survive such swings, you need a deep understanding of market fundamentals so that you can anticipate their effects. That’s today’s subject and the focus of our upcoming School of Energy: Foundations.
Nearly all the recent analysis of Venezuela has centered on crude oil and refined products, but its gas reserves shouldn’t be overlooked. Today, we look at those reserves, compare domestic production and consumption, and explain how Trinidad & Tobago could play a role in boosting Venezuelan output.
Golden Pass Exports First LNG Cargo
U.S. LNG feedgas is still operating at peak levels, averaging about 19.4 Bcf/d, down 0.08 Bcf/d from the previous week. The only minor disruptions have been tied to pipeline maintenance and several key pipelines have upcoming work scheduled, which may disrupt feedgas availability later this month and into May.
Commonwealth LNG has largely completed commercialization of its 9.5 MMtpa export terminal (1.3 Bcf/d) and is approaching a final investment decision (FID). It is under development by Caturus (formerly Kimmeridge Energy) near Cameron, LA (see picture below). The project has all the needed regulatory approvals.
U.S. LNG has been on the fast track as new export capacity along the Texas and Louisiana Gulf Coast draws in increasing volumes of U.S. natural gas. The impact of that unprecedented buildout only intensified over the past several weeks with the war in Iran and its effects on Persian Gulf LNG.
U.S. LNG feedgas rose slightly last week, averaging 19.4 Bcf/d, up 0.07 Bcf/d from the previous week. Higher intake at Corpus Christi and Golden Pass offset lower volumes at Sabine Pass.
