FID on Port Arthur LNG Delayed Until Next Year
Posted on May 7, 2020 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on FID on Port Arthur LNG Delayed Until Next Year
Platts reports that Sempra LNG has delayed until next year a final investment decision (FID) on the proposed Port Arthur LNG liquefaction and export terminal in Port Arthur, Texas. An FID had previously been anticipated for the third quarter of 2020....
Pieridae Energy Delays FID on Goldboro LNG Project
Posted on Apr 20, 2020 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Pieridae Energy Delays FID on Goldboro LNG Project
Bloomberg reports that Pieridae Energy Ltd. has delayed a final investment decision (FID) on its proposed Goldboro LNG export terminal in Nova Scotia due to depressed global LNG markets and the COVID-19 pandemic. The company was planning to make the FID this fall....
Shell Plans Exit From Proposed Lake Charles LNG Export Project
Posted on Mar 30, 2020 in Financing, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Shell Plans Exit From Proposed Lake Charles LNG Export Project
Shell announced that “[g]iven current market conditions . . . it will not proceed with an equity interest in the proposed Lake Charles LNG [export] project.” Energy Transfer will take over as the project developer. The press release states that “Lake Charles LNG is a proposed 50/50 project between Shell and Energy Transfer that seeks to convert Energy Transfer’s...
Sempra Expected to Make FIDs on Costa Azul and Port Arthur LNG Projects This Year
Posted on Mar 2, 2020 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Sempra Expected to Make FIDs on Costa Azul and Port Arthur LNG Projects This Year
Reuters reports that Sempra Energy (Sempra) is expected to make final investment decisions (FIDs) this year on the proposed Costa Azul LNG export plant in Baja California, Mexico in Q1 2020, and the proposed Port Arthur LNG liquefaction and export terminal in Port Arthur, Texas in Q3 2020. According to the report, Energia Costa Azul LNG has non-binding 20-year agreements with units of...
Cameron LNG Train 2 Begins Commercial Operation
Posted on Mar 2, 2020 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cameron LNG Train 2 Begins Commercial Operation
Sempra LNG announced that liquefaction Train 2 at its affiliate Cameron LNG’s terminal in Hackberry, La., has begun commercial operation under Cameron LNG’s tolling agreements. According to the press release, Train 3 remains on track to start initial LNG production in the second quarter of 2020 and to commence commercial operations in the third quarter of 2020....
Venture Global Plaquemines LNG and EDF Enter Into 20-Year SPA
Posted on Feb 27, 2020 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Venture Global Plaquemines LNG and EDF Enter Into 20-Year SPA
Venture Global LNG, Inc. announced that Venture Global Plaquemines LNG, LLC and Électricité de France, S.A. (EDF) have entered into a 20-year Sales and Purchase Agreement (SPA) for the supply of one million tonnes per annum of LNG from the proposed Plaquemines LNG export facility in Plaquemines Parish, La. According to the press release, under this agreement, EDF will purchase LNG on a...