Stonepeak Signs Agreement For $1.3 Billion Equity Investment in Venture Global’s Calcasieu Pass LNG Project
Posted on May 29, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Stonepeak Signs Agreement For $1.3 Billion Equity Investment in Venture Global’s Calcasieu Pass LNG Project
Venture Global LNG, Inc. (Venture Global) and Stonepeak Infrastructure Partners (Stonepeak) jointly announced that “they have executed definitive agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment” in Venture Global’s 10 million tonnes per annum (MTPA) Calcasieu Pass LNG export facility under construction in Cameron Parish, La. According to the...
NextDecade Signs EPC Contracts with Bechtel for Rio Grande LNG Project
Posted on May 29, 2019 in Liquefaction, LNG Exports | Comments Off on NextDecade Signs EPC Contracts with Bechtel for Rio Grande LNG Project
NextDecade Corporation (NextDecade) announced that it has signed two contracts with Bechtel Oil, Gas and Chemicals (Bechtel) for the engineering, procurement, and construction (EPC) of NextDecade’s proposed Rio Grande LNG export project in Brownsville, Texas. According to the press release, the “fully wrapped lump-sum turnkey (“LSTK”) EPC contracts include cost, schedule, and...
Cameron LNG Requests 15-Month Extension to Complete and Place Terminal Into Service
Posted on May 22, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Cameron LNG Requests 15-Month Extension to Complete and Place Terminal Into Service
Cameron LNG has filed a letter with FERC requesting a 15-month extension, to September 19, 2020, to complete and place its liquefaction and LNG export terminal at Hackberry, La., into service. The letter states that Cameron LNG is currently in the final commissioning phase of Train 1 and is completing construction of Trains 2 and 3. On May 20, 2019, FERC authorized Cameron LNG to...
Saudi Aramco Signs HOA to Purchase LNG and 25% of Sempra’s Port Arthur LNG Project
Posted on May 22, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Saudi Aramco Signs HOA to Purchase LNG and 25% of Sempra’s Port Arthur LNG Project
Today, Sempra Energy and Saudi Aramco announced that their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA) that anticipates the negotiation and finalization of a definitive 20-year LNG sale-and-purchase agreement for 5 million tonnes per annum of LNG offtake from Phase 1 of the Port Arthur LNG export project under development in...
FERC Approves Freeport LNG Train 4 Expansion
Posted on May 17, 2019 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Approves Freeport LNG Train 4 Expansion
FERC has issued an order authorizing construction and operation of liquefaction Train 4 at Freeport LNG’s existing import terminal near the city of Freeport, in Brazoria County, Texas. Train 4 will be able to produce an additional 5.1 million metric tons per annum of LNG (approximately 0.74 Bcf/day) for export. FERC Commissioner Richard Glick issued a dissenting statement criticizing...