Aurex Insight: US LNG Practice Market Review

Q1 2020

US LNG Practice Market Review

Welcome to Aurex Group’s first quarterly update for the US LNG market in 2020. In this issue, we will be providing an overview of the major market movements, events and hiring trends as the industry responds to the effects of coronavirus. If you would like additional insight into the market and trends that are occurring, please reach out to our specialist team at info@aurexgroup.com for a confidential discussion.

US LNG Export Projects Fully Approved by the DOE and FERC in QI 2020

Project

Location

Proposed Design Capacity (Bcf/d)

Jordan Cove LNG

coos Bay, OR

1.08 Bcfd

Deifin LNG

Gulf of Mexico

1.80 Bcfd

Total

 

2.88 Bcfd

Coronavirus and Its Effects

It is no secret that demand is expected to slump through 2020, as the global economy is paused, and steps are taken to contain the virus. Despite this drop, producers continue to flood the market with excess cargoes due to their inability to reduce output quick enough to match the declining demand. According the EIA, an additional 29% increase in LNG exports is expected this year, on top of the 68% increase witnessed in 2019. This imbalance will likely lead to an increase in cargoes being canceled as gas prices decline.

Commenting on the trend, Goldman Sachs said U.S. LNG export cancellations were more likely to come from trading houses and portfolio players, rather than utilities, and would most likely occur at tolling facilities, plants owned by one company where others pay to produce LNG.

Disavio, S. (2020). U.S natgas shortage to his record coronavirus cuts demand, LNG exports. Reuters.

First US LNG Cargo Heads to China Since March 2019

For the first time since March 2019, a US LNG Cargo is en route from the Cameron LNG terminal in Lake Charles, LA to Tianjin, China. Should the delivery be completed, it is anticipated to reach China at the end of April. The shipment is significant as it marks the first IJS cargo to be delivered into China since the US-China trade war imposed 25% tariffs on all US LNG imports a year ago.

Owen, W. (2020) . First US LNG tanker heads to China since March 2019. LNG Industry.

Q1 LNG Owner Hiring Trends

graphic-6

Notable Market Moves

Owner

  • Roger Zhang left Protiviti and joined Freeport LNG in Houston, TX, as Manager, Internal Audit IT.
  • Drake Bettis left TC Energy and joined Golden Pass LNG Terminal, in Houston, TX, as Regulatory Specialist.
  • Beverly Beaty left Texla Energy Management Inc and joined Golden Pass LNG Terminal, in Houston, TX, as Director.
  • Lyle Hanna left Zachry Group and joined Commonwealth LNG, in Houston, TX, as Director of Communications.
  • Laura Gonzales left Enterprise Products and joined Cheniere Energy, Inc., in Houston, TX, as Gas Controller.
  • Asma Husain left Team Industrial Services and joined Cheniere Energy, Inc., in Houston, TX, as Lead Tax Analyst.
  • Cooper Bell left Moran Towing Corporation and joined Cameron LNG in Lake Charles, Louisiana, as Marine Coordinator.
  • Clive Beeby left Yamol LNG and joined Cameron LNG, in Houston, TX, as Lead Process Control.
  • Dawn Mullenax-Cejka left Cejka Business Solutions and joined Cameron LNG, in Houston, TX, as Sr Analyst, Financial Planning & Analysis.
  • Sonja Webb left Direct Energy and joined Cameron LNG, in Houston, TX, as Sr. Contract Specialist.
  • Jason Loga left Phillips 66 and joined Venture Global LNG, in Lake Charles, Louisiana, as Lead Cost Analyst – Mega Projects.
  • Chris Sonnier left Cheniere Energy, Inc. and joined Venture Global LNG in Houston, TX, as Planning Supervisor.
  • Jason Herring left Phillips 66 and joined Venture Global LNG in Lake Charles, Louisiana, as Vice President, Project Controls.
  • Mark Digby left BHGE TMS and joined Venture Global LNG, in Houston, TX, as Vice President & Deputy Project Director.
  • Tom Finucane left and joined Venture Global LNG in Washington D.C., as Director, Power Plants.
  • Jonathan Myers left First Infrastructure Capital Advisors and joined Tellurian Inc., in Houston, TX, as Manager, Finance.
  • Amber Perry left Cameron LNG and joined Sempra LNG, in Houston, TX, as Technical Reporting and Editing Specialist.
  • Bridget Bullock left Cobham Advanced Electronic Solutions and joined Sempra LNG in San Diego, CA, as Senior Buyer.
  • Cindy Molina left General Atomics and joined Sempra LNG, in San Diego, CA, as Manager of Organizational Development & Change Management.
  • Baker Jackson left ED&F Man Capital Markets and joined Sempra LNG in New York, New York, as Commodity Analyst ll.
  • Qiana Hall left C.H. Robinson and joined Sempra LNG in San Diego, CA, as Business Solutions Developer.
  • Ryan Robinson left PAC – Petroleum Analyzer Company and joined Sempra LNG, in Houston, TX, as Staffing Advisor.
  • Adam Gray left Alberta Petroleum Marketing Commission and joined Pieridae Energy Limited in Calgary, Alberta, as Controller.
  • Wanda Schiller left BP and joined NextDecade, as Associate General Counsel.
  • Shalin Kashyap left Shell Canada and joined LNG Canada, in Calgary, Alberta, as Corporate HSSE Security Manager.
  • Theresa Wilcox Kelly left Erb Group of Companies and joined LNG Canada, in Calgary, Alberta, as Environmental Compliance Analyst.
  • Charity Hagen left Paramount Resources and joined LNG Canada, in Calgary, Alberta, as Environmental Compliance Advisor.
  • Peter Keiley left Canadian Natural Resources Limited and joined LNG Canada, in Calgary, Alberta, as Reporting and Assurance Lead.
  • Vince Elenko left Stickman Investments Ltd. and joined LNG Canada, in Calgary, Alberta, as Senior GHG Advisor.
  • Grant Coulombe left Thermal Systems and joined LNG Canada, in Calgary, Alberta, as Continuous improvement Lead.
  • Paul Hagel left Shell and joined LNG Canada, in Vancouver, Canada, as Communications & Brand Manager.
  • Reenal Bhakta left PKF Texasand and joined Freeport LNG, in Houston, TX, as Senior Tax Analyst.
  • Sydney Carsten left Total and joined Shell, in Houston, TX, as Supply Chain Commercial Specialist – Materials.
  • Robert Butts left Southern Company Gas and joined Pivotal LNG, in Saint Johns, Florida, as Manager, LNG Business Development.
  • Brittany Martin-Campbell left BP and joined Shell, in Houston, TX, as LNG Market Analyst.
  • Shawn Hoffart left Black & Veatch and joined New Fortress Energy, in Leawood, Kansas, as Director, Solutions Group.
  • Dan Murray left CNOOC International and joined FortisBC Holdings Inc., in Calgary, Alberta, as Project Director Tilbury LNG Expansion.
  • Brandon Cooper left Moran Gulf Shipping Agency and joined Mitsui & Co., Energy Marketing & Services (USA), Inc., in Houston, TX, as LNG Operations Representative.
  • Tony Marion left Sempra LNG and joined Marathon Oil Corporation, in Houston, TX, as Global Head of LNG Origination and Marketing.
  • Ed Andrade left T RC Companies, Inc. and joined Gaztransport & Technigaz (GTT), in Houston, TX, as Business Development Manager – LNG.
  • Kelechi Uguru left Schultheis & Panettieri, LLP and joined Eversource Energy, in New York, New York, as Senior Compliance Coordinator, LNG Operations.
  • Jeff Baillie left Anadarko Petroleum Corporation and joined Total, in Houston, TX, as Vice President Onshore LNG.
  • Sara Rougeau left Cameron LNG and joined Venture Global LNG, in Lake Charles, Louisiana, as Lead, Document Management.
  • Kristen Br left The AES Corporation and joined Venture Global LNG, in Washington D.C., as Assistant Controller.
  • Kyle Lutz left Performance Contractors and joined Venture Global LNG, in Baton Rouge, Louisiana, as Cost Analyst at Calcasieu Pass LNG.
  • Robert Lancaster left Peraton and joined Venture Global LNG, in Washington D.C., as Director of Accounts Payable.
  • Jay Walsh left Phillips 66 and joined Venture Global LNG, in Houston, TX, as Senior Cost Manager.
  • Thane DeLaune left Chevron and joined Venture Global LNG, in Lake Charles, Louisiana, as Procurement Manager.
  • Scott Simmons left Cameron LNG and joined Venture Global LNG, in Houston, TX, as Vice President of Procurement.
  • Sarah Blake left The AES Corporation and joined Venture Global LNG, in Washington D.C., as Senior Vice President and Chief Accounting Officer.
  • Jennifer Roy left Latham & Watkins and joined Venture Global LNG, in San Diego, CA, as Assistant General Counsel.
  • Richard Holt left Total and joined Venture Global LNG, in Houston, TX, as Senior Marine Advisor.
  • Jeremy Halaburda left Petronas and joined Woodfibre LNG Limited, in Calgary, Alberta, as Procurement & Contracts Manager.

EPC

  • Byron de Vries left Amec Foster Wheeler and joined Wood, in New York, NY, as Sr.Subcontracts Manager.
  • Matteson Machielse left Lemay + Toker and joined Fluor, in Calgary, Alberta, as Visualization Coordinator (LNG Canada Site) .
  • Rohtaz Singh left Syncrude Canada Ltd. and joined Ledcor, in Calgary, Alberta, as Kitimat LNG Project – Buyer/ Expeditor.
  • Jesus Ferrer Montiel left McDermott International Inc. and joined Tecnimont, in Houston, TX, as Construction Materials Assistant.
  • Derek Stott left New Fortress Energy and joined NV5, in Houston, TX, as Vice President – Development Operations.
  • Danny Seibert left Farnsworth Group, Inc. and joined Kinetrex Energy, in Indianapolis, Indiana, as Director of LNG Engineering.
  • Claudio Marsegan left Gexcon and joined Blue Engineering and Consulting Company, in Bethesda, Maryland, as Head of LNG.
  • Paige Manginello left Severn Glocon and joined KLAW LNG, in Houston, TX, as Head Of Business Development North America.
  • Alex Middleton left Tundra Technical Solutions and joined Cenergy International Services, in Calgary, Alberta, as Contract Analyst (Client: LNG Canada).
  • Kenneth Pitts left IHI E&C International Corporation and joined Clough, in Pensacola, Florida, as Subcontracts Manager.
  • Francisco J. Toro left Zachry Group and joined Five-S Group, in Baton Rouge, Louisiana, as Chief Operations Officer.
  • David Homsi left Black & Veatch and joined BHP, in Houston, TX, as Manager, Contracts & Procurement.
  • Randy Weaver left BCforward and joined Zachry Group, in Port Arthur, Texas, as Change Managenet Golden Pass LNG.
  • Jason Jordan left WABCO North America and joined SIEMENS Oil, Gas & Marine, in Houston, TX, as Commodity Manager.
  • Al Kaplan left Anadarko Petroleum Corporation and joined BYO Energy, in Houston, TX, as SVP, Engineering.

US LNG Team

Adam Skinner

Managing Director

 

adam@aurxgroup.com

+1 832 247 8860

Morgan Scoot

Research Associate

 

morgan@aurexgroup.com

+1 713 501 7301

Sophie Rao

Consultant

 

sophie@aurexgroup.com

+1 978 604 2766

HONG KONG

Level 15, 8 Lyndhurst Terrace

Central, Hong Kong

 

+852 3796 2621

HOUSTON

708 Main St, 10th Floor

Houston, TX 77002

USA

+1 832 532 2524

SINGAPORE

12 Marina View, #11-01

Asia Square Tower 2

Singapore 018961

+65 3165 4450 | EA 1859493

SYDNEY

Level 28,161 Castlereagh St

Sydney, NSW 2000

Australia

+61 2 9159 0600