American LNG Flying High on the Gulf

American LNG Flying High on the Gulf

Reese Energy Consulting today is studying the latest news from the Gulf Coast, where LNG producers, processors, and ports are busier than John Kerry writing a climate doomsday speech aboard a chartered flight. First up, Houston-based Cheniere Energy, which is developing its Stage III project to include seven midscale liquefaction trains producing 10 mtpa of LNG. The company now has inked a 15-year gas supply agreement with Tourmaline Oil Corp., the largest natural gas producer in Canada. Investment giant Global Infrastructure Partners is shopping for a buyer for the firm’s stake in Houston-based Freeport LNG. GIP paid $850 million for a 26% share in Freeport before the export terminal launched operations in 2019. The three-train plant off the Texas Gulf Coast produces 15 million mtpa of LNG. Houston-based Delfin LNG has requested a third extension to put into service onshore assets to support the company’s proposed floating LNG export project off the coast of La. If built, the project would mark the nation’s first FLNG export terminal. And finally, the Port of Corpus Christi shipped a record 80.5 million tons of cargo in the first half of 2021, largely due to a 72% year-over-year increase of LNG exports.

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

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Don’t You Forget About Me

Don’t You Forget About Me

Alaska is having a mighty tough year, ya’ll. The state’s economy has taken a series of gut punches that has landed The Last Frontier dead last in CNBC’s America’s Top States for Business rankings. Alaska relies heavily on its vast natural resources. More than one-third of the state’s revenues are derived from oil and gas production, but those have declined by 36% since 2019 with production falling last year to its lowest level in more than 40 years. Reese Energy Consulting today is studying the latest news from Alaska, still reeling from the new Administration’s cease and desist of federal oil leases there. Then there’s the state’s proposed $38.7 billion Alaska LNG project, which includes construction of an 800-mile, 3.5 BCFD pipeline to flow natural gas from the North Slope to a new LNG export facility. Following six years of government scrutiny, the Department of Energy now has ordered a supplemental environmental review to measure the project’s methane emissions, although the project’s stakeholders say they’re still on track to break Tundra.

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

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What’s the Big Deal for Energy Transfer?

What’s the Big Deal for Energy Transfer?

Despite the havoc wreaked by the pandemic in 2020, The U.S. exported 3.2 MMBPD of crude oil to nearly 80 countries. Among them, Central America’s Republic of Panama—one of the top four destinations for U.S. exports of distillate fuel, most often consumed as diesel. Panama produces no oil, gas, or coal. Electricity for the 4+ million population is generated exclusively by hydropower. The country also controls one of the world’s busiest shipping canals that connects the Atlantic Ocean to the Pacific Ocean. Reese Energy Consulting today is following the latest news from Dallas-based Energy Transfer, which has just signed a Memorandum of Understanding with Panama to study the feasibility of the proposed Trans-Panama Gateway Pipeline. The project would include construction of two terminals—one on the country’s Atlantic side and one on the Pacific side—connected by a new pipeline to receive, transport, and export LPG to global markets. Following ET’s acquisition in February of Okla. City-based Enable, CEO Kelcy Warren hinted he was looking for the next, even bigger opportunity. Looks like he’s found one.

What do you think?  Learn more about REC and our energy services at www.ReeseEnergyConsulting.com.

Energy Transfer

Energy Transfer is a Texas based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to more than 86,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines.

energytransfer.com

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