Nat Gas Industry News snips:
LNG Demand Infrastructure build out continues
1. <S. Korea Building 2 Jones Act LNG Carriers at Philly Shipyard
August 27, 2025
A Hanwha-built LNG carrier at sea, equipped with advanced propulsion technology
Donald Trump, the dealmaker, has been hard at work attempting to restore balance to our trade with other countries. One of the countries with a significant imbalance in trade with the U.S. is South Korea. To avoid Trump's threatened tariffs (and wrath), South Korea's business lobby group announced yesterday that South Korean companies would invest $150 billion (a staggering number) in areas such as artificial intelligence, chips, biotechnology, shipbuilding, and nuclear power. While no specific breakdown or timeframe for the investments was announced, we are aware of one of the investments. Hanwha Group announced a $5 billion infrastructure plan for the Hanwha Philly Shipyard, where the company will complete (we hesitate to say "build") two new LNG export ships that are U.S. Jones Act compliant.>
marcellusdrilling.com
2. FERC Grants Texas LNG Brownsville Extra 5 Years to Come Online
August 27, 2025
Glenfarne’s Texas LNG facility in Brownsville, Texas, will have the capacity to export 4 MTPA. EQT Corporation, the largest natural gas producer in the Marcellus/Utica, signed two agreements with Glenfarne to liquefy 2.0 million tons per annum (MTPA) of EQT-extracted shale gas at the facility when it’s built (see EQT Signs Contract to Ship 264 MMcf/d to LNG Export Plant in Texas). That works out to be roughly 264 million cubic feet per day (MMcf/d) of EQT’s M-U molecules hitching a ride to South Texas. The Texas LNG facility cleared a legal hurdle a month ago when the Federal Energy Regulatory Commission (FERC) approved a court-ordered revised environmental impact statement (see Texas LNG Brownsville Receives Positive Final FERC Enviro Review). FERC is back with two more green lights for the Texas LNG project.>
marcellusdrilling.com
Logging back off. Rather read you guys than post.
Iso |
