Headlamp – Drilling in ANWR decades away; South Korea, Samsung and Ships

Drilling Decades Away. It took roughly four decades for Alaska’s congressional delegation to pass a law that would allow drilling in part of the Arctic National Wildlife Refuge (ANWR), but it will likely be yet another decade before there’s any actual drilling. The three members of Alaska’s congressional delegation — Republican Sens. Lisa Murkowski and Dan Sullivan and Rep. Don Young — all said this week that actual drilling, and the economic boom that could come with it, is a long way away. But they are pushing for focused work from Alaskans in the Trump administration now in hopes getting projects started. “It’s interesting… more often than not I heard people say, ‘I never thought it was going to happen in my lifetime,’” Murkowski said of her recent trips back to the state. “But I remind people that just because we have the congressional permission” doesn’t mean production is imminent, she said.

South Korea, Samsung and Ships. According to a statement by the Korean shipbuilder, the LNG carrier newbuilding has been approved by the board of an unidentified overseas owner. The contract terms are scheduled to be agreed by March 9, Samsung Heavy said. The order includes an option for one more LNG vessel, which is a subject to board approval by the unidentified owner. Samsung Heavy’s 2018 orders so far include 8 containerships, 1 LNG carrier, and 2 tankers totaling 11 vessels worth $1.03 billion. The new LNG carrier contract will extend the order total to 12. Last year, Samsung Heavy won $3.3 billion worth LNG-related newbuild orders including 3 LNG carriers, 2 FSRUs, and one FLNG.

From today’s Washington Examiner Daily on Energy:

U.S. BEGINS SENDING NATURAL GAS TO INDIA: Cheniere Energy Inc. on Monday will send its first shipment of U.S.-produced liquefied natural gas to India through its Sabine Pass terminal in Louisiana. Houston-based Cheniere has a 20-year deal with GAIL India Ltd., to supply 3.5 million metric tons of LNG annually.

  • Important partnership: “Today’s shipment is significant because it means security for the world’s third-largest energy consumer,” said U.S. Energy Association Executive Director Barry Worthington.

The Trump administration has emphasized the U.S. and India increasing collaboration on natural gas from America. Even though the U.S. is the largest natural gas producer in the world, it is a newcomer to exporting it and is seeking to find new markets. India, meanwhile, has a growing economy in search of new, reliable sources of energy.

 

First Reads:

Alaska delegation says drilling in ANWR is at least a decade away
Anchorage Daily News, Erica Martinson, March 4, 2018

South Korea’s Samsung Heavy to build one LNG carrier
LNG World News, March 5, 2018