Tuesday, July 2, 2019

Notes From All Over -- Part 1 -- July 2, 2019

LNG: US could become third largest seller. At Rigzone, data points:
  • Ranking by the end of the year (2019)
    • Qatar
    • Australia
    • US
    • Malaysia
    • The US will surpass Malaysia this year
  • "Truly staggering" -- Rigzone staff
    • LNG exports from lower 48 only began in February, 2016 (Cheniere Energy, Sabine Pass, Louisiana)
    • by end of 2019: US will have doubled export facilities to six
  • US sends LNG to 30 nations 
  • largest buyers:
    • South Korea
    • Mexico
    • Japan
    • China (25% tariff on US LNG has crimped sales, but most think this is temporary)
  • US "capacity": 700 Tcf that can be produced even when prices are below $3/MMBtu
  • US LNG production will grow non-stop at 1 - 2 percent for decades to come, double the domestic consumption rate
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Chicago

From ZeroHedge. Unless I missed it, the most interesting metric was missing from the article -- how many days/weeks/months before Chicago runs out of cash. The good news: Chicago has a plan to get out of this mess.



Detroit is not on the list: google Detroit bankruptcy. One link to Detroit bankruptcy.

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Floating Away


It was dusk so the picture is a bit dark.

2 comments:

  1. Freudian slip,but you have first word as NGL, not LNG. (We probably are #1 in NGL exports or close to it. I know we are the top propane exporter.)

    ReplyDelete
    Replies
    1. Thank you. I will correct that -- and that's the kind of typo I would not have caught, so much appreciated.

      Delete

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