Stonepeak Signs Agreement For $1.3 Billion Equity Investment in Venture Global’s Calcasieu Pass LNG Project
Posted on May 29, 2019
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 press release, this “brings total committed capital to fund the construction of Calcasieu Pass and the continued development of Venture Global’s 20 MTPA Plaquemines LNG and 20 MTPA Delta LNG facilities to $2.2...
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NextDecade Signs EPC Contracts with Bechtel for Rio Grande LNG Project
Posted on May 29, 2019
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 performance guarantees. The EPC contracts are for the first phase of the Rio Grande LNG project, which consists of three liquefaction trains, two 180,000 cubic meter storage tanks and two marine berths totaling $9.565...
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Cameron LNG Requests 15-Month Extension to Complete and Place Terminal Into Service
Posted on May 22, 2019
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 export by vessels the volumes of LNG produced related to commissioning activities at the...
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Saudi Aramco Signs HOA to Purchase LNG and 25% of Sempra’s Port Arthur LNG Project
Posted on May 22, 2019
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 Port Arthur, Texas. The HOA includes the negotiation and finalization of a 25% equity investment in Phase 1 of Port Arthur...
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FERC Approves Freeport LNG Train 4 Expansion
Posted on May 17, 2019
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 the majority’s decision to approve the project while refusing to assess the significance of the impact of the project’s greenhouse gas emissions on the environment and neglecting the Commission’s duty to explore...
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Cameron LNG Begins Production
Posted on May 17, 2019
On May 14, 2019, Cameron LNG announced that Train 1 at its Hackberry, La., liquefaction-export facility has started producing LNG. The Cameron LNG liquefaction-export project includes three liquefaction trains which are projected to export 12 million tonnes per annum of LNG, or approximately 1.7 Bcf/day. Cameron LNG is jointly owned by affiliates of Sempra LNG, Total, Mitsui & Co., Ltd. and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK)....
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Cameron LNG Requests Permission for Commissioning Cargoes
Posted on May 13, 2019
Cameron LNG has filed a letter with FERC requesting authorization for commissioning cargoes of LNG associated with Train 1 LNG production.
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