• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 2 hours WTI @ 67.50, charts show $62.50 next
  • 49 mins Mike Shellman's musings on "Cartoon of the Week"
  • 1 hour Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 1 hour Venezuela set to raise gasoline prices to international levels.
  • 6 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 36 mins Batteries Could Be a Small Dotcom-Style Bubble
  • 43 mins Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 8 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 7 hours Corporations Are Buying More Renewables Than Ever
  • 23 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 22 hours California Solar Mandate Based on False Facts
  • 12 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 12 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
Alt Text

U.S. Drillers Add Double Digit Oil, Gas Rigs

Despite the correction in oil…

Alt Text

Oil Claws Back Some Of This Week’s Losses

OPEC production has spiked, with…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

How Sustainable Is This Rally?

Friday, March 11, 2016

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. U.S. joins LNG export market

- Cheniere Energy’s Sabine Pass export facility came online in recent weeks, which means that the U.S. has joined the ranks of global LNG exporters. 
- Four other LNG export terminals are under construction. Three are on the Gulf Coast, including Cheniere’s Corpus Christi LNG project (capacity: 2.14 Bcf/d. Startup by 2018); Sempra Energy’s (NYSE: SRA) Cameron LNG terminal (capacity: 1.7 Bcf/d. Startup by 2018); and Freeport LNG (capacity 1.8 Bcf/d. Startup by 2019). Dominion Energy also has the Cove Point facility under construction on the Chesapeake Bay in Maryland (capacity 0.82 Bcf/d. Startup by 2017).
- Federal regulators have approved one more project – Southern Union’s (NYSE: SUG) Lake Charles terminal – but construction has not begun. 
- There are an estimated 9 additional projects pending review by the Federal Energy Regulatory Commission (FERC), but even if approval is forthcoming, market conditions will prevent many, if not all, from moving forward with final investment decisions.

2. Oil speculators turn bullish

(Click to enlarge)

-…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News