LNG trends: Liquefaction capacity leads twitter mentions in August 2019

Offshore Technology lists the top tweeted terms by Liquified Natural Gas (LNG) influencers in August 2019. GlobalData’s Influencer Platform selected these top tweets based on Twitter traffic.

These top tweeted terms are the trending industry discussions happening on Twitter by key individuals (influencers) as tracked by the platform.

1. Liquefaction capacity – 283 mentions

Liquefaction is the process of converting natural gas into liquefied natural gas (LNG) for ease and safety of storage and transport.

Since liquefaction plants cost billions of dollars to set up, the liquefaction capacity of treatment plants is a key driver of the global LNG trade.

ALERT Sabine Pas And Corpus Christi drastically reduce NG inflow. #Natgas feed to #LNG facilities Sabine Pass, Cameron, Elba Island, Cove Point & Corpus Christi, Freeport combined for Aug 03 was 4.36 Bcf. https://t.co/vC0x2Mp5px pic.twitter.com/WdROQoUGG9

— RonH (@Ronh999) August 4, 2019

Demand for oil has dropped by over 20%. Will it bounce back?

• Yes, rock bottom price mean oil is the cheapest option to reboot industry
• No, we've reached peak oil, cheaper renewables will take over from here
• Not sure, oil has always bounced back but these are uncharted waters

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2. LNG shipping – 79 mentions

LNG carriers are vessels used for shipping LNG by sea. These LNG carriers provide more economical and eco-friendly means of shipping the gas, when compared to other systems.

On 31st of July, @GasLogLNG took delivery of its first 180,000 cbm LNG carrier from SHI. This is the 1st vessel with 0.07% boil off rate & reliquefaction providing the customer the lowest unit freight cost and maximum flexibility. Congratulations to all involved!#lng #newbuilding pic.twitter.com/TfVqs8nAUi

— @GasLogLNG (@GasLogLNG) August 1, 2019

3. Pricing – 75 mentions

The pricing of LNG depends on various factors. Key factors include the exporters’ domestic natural gas production, gas consumption and price, liquefaction cost, LNG demand, growth in natural gas reserves, and government policies.

We should not pay the "world price"
We actually export gas
In fact we are the world's biggest exporter of gas
We should consume gas that comes out of a pipe and not pay for liquefaction and shipping
So prices here should be materially lower than world prices

— 💧Bruce Robertson (@barobertson111) August 13, 2019

4. Exports – 51 mentions

Natural gas, when compressed and liquefied, shrinks in volume by approximately 600 times. This makes it easier to ship. As a result LNG exports by sea have been carried out without major accidents or safety problems for many decades.

The Gulf LNG project in Mississippi, US, recently received approval from the Department of Energy’s Office of Fossil Energy to export domestically produced LNG.

The #DOE's Office of Fossil Energy approved exports of domestically produced #LNG from the Gulf LNG #Liquefaction Project located in Jackson County, Mississippi. Learn more – https://t.co/MJlEzOtUAo pic.twitter.com/xjSaAlphsL

— World Oil Online (@WorldOil) August 1, 2019

5. USLNG – 40 mentions

The US had primarily been an LNG importer until Cheniere Energy became the first US company to export LNG in 2016. Now many more companies in the US are awaiting approval from the Energy Department for proposed LNG export projects.

Currently China is the largest foreign buyer of LNG exported from the US. This led the International Energy Agency (IEA) to forecast the US to become the world’s biggest LNG exporter and for China to be the biggest LNG importer by 2024.

Another step (but it’s a long road!) towards #LNG being traded more like a #commodity … BP publishes LNG #contract templates to push industry standardization. #USLNG $BP #ONGT #OOTT https://t.co/Q7dQVmBCkj

— Susan Sakmar (@SusanSakmar) August 16, 2019