BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project
Posted on May 31, 2019 in Federal Regulation, Liquefaction, LNG Exports, State and Local Issues | Comments Off on BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project
Platts reports that North Slope producers BP and ExxonMobil have agreed to contribute $10 million each to help the state of Alaska complete the FERC approval process for the proposed $41 billion Alaska LNG project. According to the report, state-owned Alaska Gasline Development Corporation needs $30 million and another year to complete the FERC approval process. The proposed Alaska LNG...
Freeport LNG Requests Extension to Complete Liquefaction Project; DOE Authorizes Train 4 Exports
Posted on May 29, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Freeport LNG Requests Extension to Complete Liquefaction Project; DOE Authorizes Train 4 Exports
Freeport LNG has filed a letter with FERC requesting an 11-month extension of time to enable Freeport LNG to complete construction of its Liquefaction Project on Quintana Island, Texas, and place it in service by no later than June 30, 2020. FERC’s July 30, 2014 order authorizing the project set a 5-year deadline, July 30, 2019, to construct the project and make it available for...
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...