Making America Great Again: Trump, China Agree On Exploring More Energy Deals - Cheniere Okays Third LNG Train At Corpus Christi LNG Export Terminal As Direct Result -- May 23, 2018

The "original" list of proposed US LNG export terminals is at this post.

Cheniere Energy has approved the construction of a third liquefaction unit (a train) at its Corpus Christi export terminal in Texas. Data points:

• first new LNG project to go ahead in the US since 2015
• decision comes after President Trump and China said a US trade tram would travel to China to explore new energy deal
• the first two units at Corpus Christi are expected to enter service next year (2019)

Note: this is as good a time as ever to take another look at "Making America Great Again." Does anyone really think we would have seen a similar list had President Obama been elected to a third term? 

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Back to the Bakken

Where New Natural Gas Production Records Are Being Set Each Month

Active rigs:

$71.76→	5/23/2018	05/23/2017	05/23/2016	05/23/2015	05/23/2014
Active Rigs	64	51	25	82	189

RBN Energy: rising NGL production in the Permian's Delaware Basin drives need for new pipes, a continuing saga.

Production of natural gas liquids in the Permian has been increasing rapidly, especially in the Delaware Basin, challenging the region’s existing NGL pipelines and other infrastructure and accelerating the development of new capacity.

The Permian already had a substantial amount of NGL pipeline capacity in place before the region’s production of crude oil and associated gas took off, and more has been added since.

But a number of the NGL pipes out of the Permian also move barrels from other basins, either inbound flows from the Rockies or volumes added downstream of the Permian in the Eagle Ford and Barnett shales. In addition, the vast majority of the Permian’s incremental NGL production is occurring in the Delaware, which had only a limited number of pipes and suddenly needs more.

And one more thing: fast-rising ethane demand from new petrochemical plants along the Gulf Coast will reduce the share of ethane that is “rejected” into Permian natural gas. In today’s blog we discuss the NGL takeaway challenges facing producers and processors in cowboy country.

“Mid-Curve” forecast for NGL output (now more than 500 Mb/d) is expected to top 1 MMb/d by early 2022.