LNG exports

Price of LNG goes stratospheric. Will LNG shipping rates follow?

a photo of an LNG ship

Liquefied natural gas shipping is a freight market like any other, albeit with a lot more zeros on the end of its numbers. Day rates in LNG shipping are in the six figures. Profits on a single cargo can be in the nine figures.

“Welcome to the stratosphere of LNG prices,” commented Stifel analyst Ben Nolan on today’s market conditions.

The European hub price of natural gas, TTF, hit $84 per million British thermal units (MMBtu) on Monday. “This is close to $500 per barrel of oil equivalent,” noted...

https://www.freightwaves.com/news/price-of-natural-gas-goes-stratospheric-will-lng-shipping-rates-be-next

Cove Point LNG marks an export milestone

As world demand for U.S. LNG continues to climb, the Cove Point LNG terminal in Lusby, Md., has marked another milestone, loading its 300th commercial cargo at the end of July. Since the facility first entered commercial service in April 2018 for natural gas liquefaction and export, LNG produced from the facility has supported the energy needs of 28 countries, including many in Europe in recent months.

Cove Point LNG is operated and 25% owned by BHE GT&S, a Berkshire Hathaway Energy company,...

https://www.marinelog.com/inland-coastal/ports-terminals/cove-point-lng-marks-an-export-milestone/

Is transport of LNG by rail safe?

A train of tank cars travels down a rail track.

The debate on whether the U.S. federal government should allow the movement of liquefied natural gas by rail could come to a head this summer, with the Pipeline and Hazardous Materials Safety Administration (PHMSA) poised to make some big decisions.

By June 30, PHMSA and the Federal Railroad Administration are expected to issue their decision on whether they should temporarily suspend a 2020 rule allowing for the transport of LNG by rail via specialized tank cars while they review the impact on...

https://www.freightwaves.com/news/is-transport-of-lng-by-rail-safe

U.S. approves increased LNG exports

The U.S. Department of Energy (DOE) yesterday issued two long-term orders authorizing liquefied natural gas (LNG) exports from two current operating LNG export projects, Cheniere Energy Inc.’s Sabine Pass in Louisiana and Corpus Christi in Texas.

The two orders allow Sabine Pass and Corpus Christi additional flexibility to export the equivalent of 0.72 billion cubic feet per day of natural gas as LNG to any country with which the U.S. does not have a free trade agreement, including all of Europe.

https://www.marinelog.com/legal-safety/shipping/u-s-approves-increased-lng-exports/

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