FERC sends 63 more pages of questions for AK LNG Project
Larry Persily, The Alaska Journal of Commerce, October 10, 2018
With just four months to go before the scheduled release date for the Alaska LNG Project’s draft environmental impact statement, federal regulators on Oct. 2 sent almost 200 additional information requests to the state’s project team. The 63-page list includes questions about waterway crossings and temporary access roads for pipeline construction, avoiding damage to permafrost, protection of Cook Inlet’s beluga whales, and further review of Port MacKenzie as an alternative to Nikiski for the gas liquefaction plant and marine terminal. The follow-up questions arrived as the project team at the Alaska Gasline Development Corp. was nearing the end of responding to the initial round of more than 800 questions and requests for more information from federal regulators.
Our Take: For those who think that FERC is “rushing” the process…think again.
During the Cold War, China and the Soviet Union regarded one another as strategic adversaries. Relations between Beijing and Moscow, however, have significantly improved over the years. Besides political alignment, the countries have complementary economies; China has an insatiable appetite for the raw materials which Russia has in abundance and Beijing has the financial strength to protect Moscow against the sanctions related to its annexation of Crimea.
China data: Russian crudes top independent refiners’ supply list in September
S & P Global Platts, October 11, 2018
Russian crude oil shipments to China’s independent refineries surged 90.4% on month to 1.59 million mt in September, replacing Brazil at the top of the suppliers’ list for the sector, S&P Global Platts monthly survey showed. Around 1.39 million mt of ESPO, or 87% of Russian imports in September, had been imported by 10 independent refineries.
U.S. President Donald Trump is redirecting global oil flows.
West African and Latin American producers are sending ever-growing volumes of crude to China. America’s exports to the Asian country have slumped in favor of its neighbors. There’s an urgent global need to find replacement bbl for Iran’s, whose exports might just collapse next month. The thing that connects the shifting flows is Trump’s foreign policy. China’s slumping purchases of American crude — and its extra buying from elsewhere — have coincided with a trade war between the U.S. and the Asian country. Likewise, reimposed sanctions on Iran, which start Nov. 4, have increased the need for the type of heavy, sour crude that the Persian Gulf state sells.