Weighing the United State’s LNG boon against an increasingly competitive global market, Forbes delivers a quiet warning - burgeoning production capacity does not guarantee the market’s success. The numerous pending American LNG plant projects awaiting environmental permits final investment decisions are far from secure:
FERC Issues Environmental Schedules for 12 LNG Terminal Applications
The Federal Energy Regulatory Commission (FERC) on August 31, 2018 issued a news release highlighting the approval of environmental schedules for the following 12 outstanding LNG terminal applications: Freeport Train 4, Port Arthur, Driftwood LNG, Corpus Christi, Texas LNG, Gulf LNG, Rio Grande LNG, Jacksonville Eagle, Annova LNG, Plaquemines, Jordan Cove, and Alaska LNG.
Tellurian's Driftwood LNG: On Track for 1-H 2019
Cheniere & Tellurian Release Corporate Reports
Cheniere Energy, Inc. - owner and operator of the Sabine Pass and Corpus Christi LNG projects - and Tellurian Inc. - of the upcoming Driftwood LNG project - released corporate reports this week:
Forecasting growing global demand for American gas, the juggernauts are investing heavily to build LNG infrastructure. Tellurian reports it is on track to reach its final investment decision (FID) on Driftwood 1-H 2019.
WSJ: "Don't Get Complacent About Natural Gas."
American underground natural gas reserves are reported to sit some 24% lower year-over-year and 20% lower than the five year average this August. The Wall Street Journal warns these conditions could foreshadow a winter of strained supply and ballooning prices.
The market's hubris is to blame, the author implies:
The ongoing natural gas surplus might turn out to be short-lived, after all.
Gladstone & Adriatic LNG Milestones
Gladstone LNG (operational since 2015) shipped its 200th cargo as Adriatic LNG (since 2009) received its 600th this June. Gladstone – a liquefaction plant – and Adriatic – a regasification plant – both rely on Gas Land’s Nitrogen Generators.