05242018Thu
Last updateThu, 24 May 2018 2pm

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U.S. LNG Exports Quadrupled in 2017

U.S. exports of liquefied natural gas (LNG) reached 1.94 billion cubic feet per day (Bcf/d) in 2017, up from 0.5 Bcf/d in 2016. As LNG exports increased, shipments went to more destinations. U.S. LNG exports in 2017, all of which originated from Louisiana’s Sabine Pass liquefaction terminal, reached 25 countries.

More than half (53%) of U.S. LNG exports in 2017 were shipped to three countries: Mexico, South Korea, and China. Mexico received the largest amount of U.S. LNG exports, at 20% of the 2017 total. Growing natural gas demand in Mexico, particularly from the power generation sector, and delays in the construction of domestic pipelines connecting to U.S. export pipelines led Mexico to rely on LNG imports to supplement imports of natural gas by pipeline. 


MATS Technology Could Upend Food & Beverage Industry

Microwave-assisted thermal sterilization (MATS) could potentially have a significant impact on the packaged foods and beverages sector, as global consumers are increasingly choosing prepared foods, according to GlobalData. Enhanced quality and sensory benefits, preservation without the use of additives or preservatives and shelf-stability are the three main benefits of MATS technology that are attracting interest from foodservice operations as well as food and beverage companies.

The MATS process uses a combination of pressurized hot water and long-wavelength microwave energy to quickly sterilize and store food at room temperature for up to a year. Since the sterilization process is much shorter than the conventional retort process, fewer nutrients are destroyed, and the need for food additives, preservatives and excess sodium is reduced or eliminated. 

JSW Steel Investing $500 Million in Texas Plant

Texas Governor Greg Abbott visited JSW Group Global Headquarters in Mumbai, India, and signed a Memorandum of Cooperation to develop and augment the steel industry in the state. With this agreement JSW Steel (USA) Inc. has agreed to consider an investment of $500 million in phases in developing its steel manufacturing infrastructure in Baytown, TX. This investment will be used to expand the company's Plate & Pipe Mill unit.

Parth Jindal of JSW Group said it “provides JSW USA an opportunity to participate in USA’s infrastructure development and job creation priorities. Access to natural gas at extremely economical prices and the abundant availability of scrap steel in Texas make conditions very conducive for manufacturing through the Electric Arc Furnace route.” 

Billions in Downstream M&A Deals Announced in 2017

GlobalData’s latest report, ‘Bi-annual Downstream Deals Review – H2 2017’, shows that a combined value of $21.1 billion in mergers and acquisitions (M&A) were announced in the downstream sector in the second half of 2017.

This was a decrease of 19% from the $26.2 billion in M&A deals announced in the first half of 2017. A year-on-year comparison shows a substantial decline of 75% in deal value in the second half of 2017, when compared to the second half of 2016’s value of $84.9 billion. There were 11 M&A deals with values greater than $100 million, together accounting for $20.5 billion in the second half of 2017. 

BSEE Increases Safety Inspection Time Offshore

Beginning April 1, the Bureau of Safety and Environmental Enforcement (BSEE) is increasing physical inspection time offshore. Exploring ways to make inspections more efficient and reduce helicopter operating expenses, a team of BSEE leaders in the Gulf of Mexico Region developed the new approach.

Taking advantage of technology allowing for access to electronic records onshore, BSEE’s inspectors will now have significantly more time to inspect operations offshore, ensuring safety at more than 2,200 facilities in the Gulf of Mexico. 

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