American LNG. It’s Kind of a Big Deal.

American LNG. It’s Kind of a Big Deal.

There’s good news to spare this week in the Land of American LNG and we’re proud to be a shameless promoter of those harnessing our abundance of natural gas to fuel countries around the world. Reese Energy Consulting today first directs the bullhorn to Va.-based Venture Global LNG, which has inked a 20-year sales agreement with Poland for an additional 2 MTPA. The latest purchase triples Venture Global’s shipments there in three years to 5.5 MTPA from its Calcasieu Pass and Plaquemines LNG facilities in La. On the heels of announcing its first stock dividend to shareholders, Houston-based Cheniere has growth on the brain at its La., and Texas terminals. Regarded as the pioneer of the American LNG export phenomena with the largest U.S. production platform, Cheniere will complete its sixth train at Sabine Pass before year end, bringing its total capacity at both facilities to 45 MTPA. Meanwhile, the company says it also will make a FID in 1Q 2022 for a Stage 3 expansion at its Corpus Christi terminal adding another 10 MTPA of capacity.

What do you think? Learn more about REC and our natural gas and LNG expertise at www.ReeseEnergyConsulting.com.

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Enbridge Lands a Whopper

Enbridge Lands a Whopper

With completion now in sight of its embattled Line 3 replacement project, Enbridge is banking on rising U.S. crude exports. Reese Energy Consulting today is following the latest news from the Alberta-based pipeline giant, which will buy America’s largest crude oil export hub in an all-cash $3 billion deal. The Enbridge acquisition includes the monster Moda Ingleside Energy Center (MIEC) near Corpus Christi with 15 MMBbls of storage capacity and 1.6 MMBPD of export capacity; a 20% stake in the Cactus II Pipeline; the Viola Pipeline; and the nearby Taft Terminal. The MIEC is a critical link to connect Permian and Eagle Ford production with the Gulf Coast and global markets and offers direct connections to five long-haul crude pipelines, along with wellhead-to-water access and VLCC capabilities. MIEC last year loaded 25% of all U.S. Gulf Coast oil exports. Enbridge pipelines move about 25% of all oil produced in North America and 20% of all natural gas consumed in the U.S.

What do you think? Learn more about REC and our crude oil, natural gas, and LNG services at www.ReeseEnergyConsulting.com.

Enbridge

Enbridge Inc. is a multinational pipeline company headquartered in Calgary, Alberta, Canada. It focuses on the transportation of crude oil and natural gas, primarily in North America.

www.enbridge.com

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October Surprise?

October Surprise?

Brace yourself. The U.S. Gulf Coast is about to become awash in welcomed and maybe not-so-welcomed activities that share an interesting parallel. Reese Energy Consulting today is studying the latest news out of the Gulf of Mexico, which now finds itself in full get-crackin’ mode for peak Hurricane season. The latest tropical storm is expected to make landfall next Wednesday somewhere near the Texas-La., border. Two others are gathering steam right behind it before the season officially ends in mid-October. The federal oil and gas leasing program has been officially declared undead with the year’s first auction slated for…October. The auction cancelled in March offered offshore lease sales with a portion of the revenues earmarked for La., which it uses for, among other things, hurricane protection. The irony here isn’t lost on us. Meanwhile, the Houston Ship Channel just announced it will award the first contract for a $1.1 billion expansion to dredge and widen the nation’s busiest port to accommodate more vessel traffic in…October. Batten down the hatches.

What do you think? Learn more about REC and our range of natural gas and LNG services and expertise at www.ReeseEnergyConsulting.com.

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