• Natural Gas News

    Natural Gas Daily: July 6th, 2020

Summary

Daily digest of the latest natural gas news and LNG news by Natural Gas World.

by: NGW

Posted in:

Complimentary, Covid-19, Daily Digest

Natural Gas Daily: July 6th, 2020

Dominion, Duke Cancel Atlantic Coast Pipeline

Dominion Energy and Duke Energy, sponsors of the planned $8bn Atlantic Coast Pipeline (ACP), which would have provided 1.5bn ft3/day of transmission capacity to markets in the US southeast, said July 5 they have cancelled the project, citing “ongoing delays and increasing cost uncertainty which threaten the economic viability of the project.”

  • The same day, Dominion Energy announced that it had sold its gas transmission and storage assets to an affiliate of Warren Buffett’s Berkshire Hathaway in a transaction valued at $9.7bn, including the assumption of $5.7bn of debt.

 

Oz East Coast LNG Exports Down Over 6% in June

LNG exports from projects located on the Australian east coast stood at 1.7mn metric tons (mt) in June, down 6.6% yr/yr, according to data published by Gladstone Ports Corporation.

 

New Pipe to Push US Gas Exports to Mexico Higher

The US Energy Information Administration (EIA), in its Today in Energy report, said the completion of the southernmost section of the Wahalajara system in Mexico will allow increased exports of US gas – primarily from the Permian Basin – to Mexican power and industrial customers.

  • The EIA expects utilisation of the entire Wahalajara system to quickly ramp up, resulting in increased US gas exports to Mexico and additional takeaway capacity out of the Permian, potentially underpinning continued strengthening of prices at the Waha hub.

 

Rosatom Picked to Build Arctic LNG Terminal

A subsidiary of Russia's state nuclear firm Rosatom and Moscow-based pipe-laying company Mezhregiontruboprovodstroi (MRTS) have won a contract to build the Utrenny terminal at the Arctic port of Sabetta that will export LNG and condensate from Novatek's Arctic LNG-2 terminal, Rosatom said on July 3.

  • The Arctic LNG-2 project is being developed by Novatek, France's Total, China's CNPC and Cnooc and Japan's Mitsui and Jogmec.

 

GTT Wins LNG Tank Order from Russia's Zvezda Yard

French LNG tech firm GTT has won an order from the Zvezda shipyard in the Russian Far East for tank designs for five Arc7 ice-breaking LNG carriers (LNGCs) on behalf of a Russian ship-owner, it said on July 3.

  • This is the first order GTT has received since signing a technical assistance and licence agreement with Zvezda. The vessels will be used to export LNG from the Novatek-led Arctic LNG-2 project, due on stream in 2023.

 

Denmark Revises Gazprom's Permit to Build NS2

The Danish Energy Agency (DEA) has revised the construction permit it issued to the Gazprom-owned Nord Stream 2 (NS2) operating company last year to allow the use of anchored vessels to complete the Baltic Sea pipeline, the regulator said.

  • As NGW has reported, Russia wants to use its own pipelaying vessels to finish the remaining 6% of NS2's offshore section, all of which is in Danish waters.