- 20-year LNG supply deal with Cheniere Energy
- almost 2 million tons of LNG annually
- would begin in 2023
- "sizable portion" of the total US LNG production as of end-2019
- not sure if we're talking about total US production or the export portion?
- EIA last forecast US production at 8.9 million tons
- one million tonnes (tons?) of LNG = 8.97 million boe
- therefore, 2 million tons = 18 million boe annually = 49,000 boepd
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Texas Power Grid Will See Record Demand This Summer
Link here.
Texas' ERCOT power grid operator warns projected record demand for electricity and tight reserves this summer could result in a higher chance of alerts asking customers to conserve energy.
ERCOT says its current planning reserve margin - the difference between total generation available and forecast peak demand - is a historically low 7.4%.
A decline in natural gas prices due to record and growing production from shale formations such as the Permian Basin caused power prices in the Ercot North hub to drop to an average of just $33.86/MWh over the 2014-18 period vs. an average of $41.37/MWh during the five years ending in 2013 and $57.15/MWh during the period ending in 2008.
Some of the biggest power companies with operations in Texas include units of Sempra Energy, CenterPoint Energy, American Electric Power, NRG Energy, and Vistra Energy.
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