In the latest Short-Term Energy Outlook for the week between 21 July and 27 July, EIA reports 18 LNG vessels departed the United States. This is two more than the last week.
Seven LNG carriers departed from Sabine Pass, four from Corpus Christi, three from Cameron, two from Calcasieu Pass, and one each from Cove Point and Elba Island. They held a combined LNG-carrying capacity of 67 billion cubic feet.
Venture Global Calcasieu Pass received approval from the Federal Energy Regulatory Commission to introduce hazardous fluids to Liquefaction Block 9. This permit is among the last ones needed in the commissioning process for the terminal to operate all 18 liquefaction trains.
The Henry Hub spot price rose $1.12 from $7.56 per million British thermal units (MMBtu) last Wednesday to $8.68/MMBtu this week.
Natural gas deliveries to LNG export terminals in South Louisiana decreased by 2 per cent, or 0.2 Bcf/d, this report week, while deliveries to most of the other export terminals were effectively flat. The overall decline is 0.1 Bcf/d in feed gas this report week.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience in implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor in this space. Stuart has led the “Total Corporate Digital Integration” platform at Sandstone and works with Sandstone clients to help integrate all aspects of modern digital business. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage and is the Co-Host of the energy news video and Podcast Energy News Beat.
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Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.