Natural Gas News – May 17, 2018
Natural Gas News – May 17, 2018
This Major LNG Exporter Is Facing A Gas Shortage
Oil Price reported: Australia is on track to become the world’s largest LNG exporter by next year. Home to several giant offshore projects such as the Gorgon, Wheatstone, Prelude, and Ichthys, the country is fast closing in on the current top exporter of the fuel, Qatar. But unlike Qatar, Australia has not been able to fully enjoy this LNG boom. In fact, at least one part of the country is suffering an LNG shortage that has made imports a very urgent need. Meet Queensland, home of the Australian Pacific, Queensland Curtis, and Gladstone LNG projects, with a combined annual production capacity of 25.3 million tons. Like its East coast neighbor Victoria, Queensland is standing on the brink of a chronic affordable LNG shortage resulting from the trebling of demand after the start of the Queensland projects, which pushed prices significantly higher, helped by declining production from legacy gas fields in the region and the fact that a lot of the LNG produced from the three projects are locked in long-term contracts. For more on this story visit oilprice.com or click https://bit.ly/2Gqjkja
US Court Ruling Sparks Tussle Over Impact on Construction of Atlantic Coast Gas Pipe Project
Platts reported: Following an appeals court decision late Tuesday vacating a US Fish and Wildlife Service authorization for the Atlantic Coast Pipeline, the next battleground is emerging over the extent to which construction can move forward on the 600-mile natural gas pipeline project. The Southern Environmental Law Center, which represented the environmental litigants, told the US Federal Energy Regulatory Commission in a filing posted Wednesday that the agency must halt all on-theground construction and stop all notices to proceed. But lead developer Dominion Energy, in a statement late Tuesday, said it remained confident in project approvals and asserted the project “will continue to move forward with construction as scheduled” while limited areas are affected by the order. For more on this story visit platts.com or click https://bit.ly/2KwOiZi
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