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Tuesday, November 28, 2017

Tuesday, November 28, 2017

Map of approved route for Keystone XL: at this link Nebraska regulators vote "no" with a 3-2 "yes" vote to approve the Keystone XL. Flashback: in 2012, TransCanada submitted a supplemental environmental report for an alternate route -- this may or may not be one of the two routes on the map at the link.

Markets: all three major markets are "green" in pre-market trading. 

Mayor of London rejects fracking. Link here.
In his new draft London Plan, which will be published later this week, Khan makes clear that any application for the exploration, appraisal or production of shale gas via hydraulic fracturing in London should be refused by boroughs. 
Khan previously made his opposition to fracking clear in his mayoral election manifesto. The news follows Scotland’s decision to block fracking indefinitely.
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Back to the Bakken

Active rigs:

$57.7111/28/201711/28/201611/28/201511/28/201411/28/2013
Active Rigs543764184191

RBN Energy: US LNG export demand growth to slow in 2018.
With Lower-48 natural gas production at record highs and averaging more than 5.0 Bcf/d higher than this time last year, LNG export demand will be all the more critical this winter and the rest of 2018 in order to balance the U.S. gas market. Deliveries to Cheniere Energy’s Sabine Pass LNG facility (SPL) are above 3.0 Bcf/d. Dominion Energy’s Cove Point LNG is due to add nearly 0.8 Bcf/d of export capacity and begin exporting commissioning cargoes any day now. Two other projects — Elba Island LNG and Freeport LNG — are due online before the end of 2018, while another high-capacity project, Cameron LNG, faces delays. These facilities will increase baseload demand for gas in the new year, but will it be enough, and how will it impact gas pipeline flows upstream? Today, we provide an update on the timing and potential impacts of new export LNG capacity over the next year.

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