U.S. LNG Exports Now 10% of Global Market
Posted on Sep 4, 2019 in LNG Exports, Markets and Competition | Comments Off on U.S. LNG Exports Now 10% of Global Market
Reuters reports that U.S. exports of LNG now amount to 10% of the global market and, at 22 million tonnes so far this year, are equal to the total volumes exported in 2018. The report states that for the past two months the world’s largest exporters are Australia, Qatar, the United States, Russia and Malaysia. Further, the “U.S. supply surge has depressed global LNG prices, and with...
FERC Approves Commencement of Service for Corpus Christi Liquefaction Train 2
Posted on Aug 28, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Approves Commencement of Service for Corpus Christi Liquefaction Train 2
FERC has issued a letter authorizing Corpus Christi Liquefaction, LLC (CCL) to commence service for liquefaction and export activities from Train 2 facilities at CCL’s terminal in Corpus Christi, Texas....
Commonwealth LNG Files FERC Application
Posted on Aug 23, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Commonwealth LNG Files FERC Application
Commonwealth LNG has filed an application with FERC for authorization to construct and operate a liquefaction and LNG export terminal consisting of six liquefaction trains, each with a design production capacity of approximately 65.1 Bcf/year (equivalent to 1.4 million metric tonnes per annum (“MTPA”)); six LNG storage tanks; one marine loading berth; and a 3.04-mile long, 30-inch...
Cameron LNG Train 1 Begins Commercial Operation
Posted on Aug 20, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cameron LNG Train 1 Begins Commercial Operation
McDermott International, Inc. has announced the beginning of commercial operation of liquefaction Train 1 at Cameron LNG’s facility at Hackberry, La. The terminal is jointly owned by Sempra LNG, LLC, Total, Mitsui & Co., Ltd. and Japan LNG Investment, LLC....
Venture Global LNG Announces FID and Financial Close for Calcasieu Pass LNG
Posted on Aug 20, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Venture Global LNG Announces FID and Financial Close for Calcasieu Pass LNG
Venture Global LNG, Inc. announced the final investment decision (FID) and closing of the project financing for the company’s Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, La. According to the press release, “[t]he proceeds of the debt and equity financing fully fund the balance of the construction and commissioning of Calcasieu Pass. Full...
Freeport Begins LNG Production
Posted on Aug 20, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Freeport Begins LNG Production
Platts reports that Freeport LNG has begun LNG production from Train 1 at its facility on Quintana Island, Texas, becoming the sixth major US liquefaction facility to produce LNG. According to a Freeport LNG spokeswoman, the first Train 1 cargo loading is expected later this month and Train 1 remains on schedule for a September start of commercial...