Natural Gas News – March 16, 2023

By Published On: March 16, 2023Categories: Daily Natural Gas Newsletter

Natural Gas News – March 16, 2023

America’s LNG Boom Has Grown Too Big Too Fast

Last year, the United States leapfrogged Qatar and Australia to become the world’s largest exporter of liquefied natural gas. This was made possible thanks to the surge in LNG demand from Europe as it urgently sought an alternative to Russian pipeline supply. After such a stellar year for U.S. LNG producers despite the months-long outage sat Freeport, which affected the total volume exported, it was only to be expected that the industry would have some serious capacity growth plans. Three new LNG production facilities could get their final investment decisions as soon as this year. By 2027, the U.S. could have LNG capacity of 169 million metric tons, overtaking Qatar, which is expanding its own capacity right now, eyeing 110 million tons by the same year. Alas, nothing is certain in energy. The above plans and for…

Poland’s New Liquefied Natural Gas Tanker Completes

The first liquified natural gas (LNG) gas tanker chartered by Polish state energy firm Orlen has arrived in Poland to complete its first delivery of 70,000 tonnes of LNG from the United States – enough to cover the average weekly natural gas consumption of all households in Poland. The ship, named Lech Kaczyński after the late president and identical twin brother of Poland’s current ruling party chairman, is the first of eight such vessels ordered by Orlen as part of efforts to diversify away from Russian energy supplies.It arrived at the LNG terminal – also named after Lech Kaczyński – in Świnoujście on Poland’s northern Baltic coast, which last year received a record number of deliveries. “The Świnoujście terminal, construction of which was initiated by the late president Lech Kaczyński,…

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