Will The US Gulf Coast Soon Be Home To Floating LNG Export Capacity? RBN Energy -- November 22, 2022

Talking turkey: I wonder if the "Farm Bureau" will update their survey?

• from November 16, 2022: 

The centerpiece on most Thanksgiving tables – the turkey – costs more than last year, at $28.96 for a 16-pound bird. That’s $1.81 per pound, up 21% from last year, due to several factors beyond general inflation. 

• $30 is about half the price of the entire $65 dinner
• today on CBS (according to a reader; I don't watch network television), turkeys are now going for 90 cents / pound 
• at 90 cents / pound, that's significantly less than last year 
• the Farm Bureau, in the narrative, did note that turkeys could be fond for a lot less than $1.81 / pound but that was not their headline story;
• much could be said but we must move on.

Gasoline: in north Texas, most expensive gasoline (regular) is $2.79; one can it for less.

Crude oil in the US: days of supply drop to 27.4 days.

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Back to the Bakken

The Far Side: unable to reach The Far Side server.

ISO NE: should be $10 -- not $110. A reminder: the incumbents won.

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Back to the Bakken

Active rigs: 37.

WTI: $81.52.

Natural gas: $6.639.

Wednesday, November 23, 2022: 40 for the month, 77 for the quarter, 622 for the year.
38786, conf, Medicine Hole 8-27H,
37954, conf, CLR, Brangus Federal 5-11H1,

Tuesday, November 22, 2022: 38 for the month, 75 for the quarter, 620 for the year.
38787, conf, CLR, Medicine Hole 9-27H1,
37955, conf, CLR, Brangus FIU 4-11H,

RBN Energy: will the US gulf coast soon be home to floating LNG export capacity?

The need for more LNG export capacity, driven both by Europe’s push to wean itself off Russian gas and long-term Asian demand growth, is resulting in a new wave of development. Two major U.S. projects have reached a positive final investment decision (FID) in the past six months and more are likely to do so soon, both in the U.S. and elsewhere. But conventional export terminals take time to build, leading at least some, like New Fortress Energy, to explore the potential for floating LNG (FLNG) facilities — basically, an LNG export terminal located on the topside of a large tanker — which can bring new capacity online faster, much like the floating storage and regasification units (FSRUs) that are now boosting European import capacity. In today’s RBN blog, we take a look at FLNGs, what’s already out there, and what could be coming to North America in the next few years.