![]() totaled $18.2 billion last year and Industrial Info data show nothing moving in investments during 2021. The momentum for LNG is apparent in capital flows. has helped fill the void left in Europe by sanctions targeting Russia oil and natural gas, robbing the Kremlin of revenue it needs to fill its war chest. That compares to just 39.1 Bcf during the comparable week in 2019, to discount both the pandemic and the war in Ukraine. export terminals during the seven-day period ending June 21, carrying a combined 82 billion cubic feet (Bcf) of gas in the liquid form. with two projects already obtaining FID approval, namely Sempra's Port Arthur rated at 6.6 million tonnes per annum and Venture Global's Plaquemines Phase II rated at 13.5 million tonnes per annum," said Gordon Gorrie, IIR's vice president of oil and gas research, during Industrial Info's North American Mid-Year Industrial Market Outlook on June 21.įederal data show 22 vessels laden with LNG left U.S. "We are off to a good start here in the U.S. The next closest is Qatar, with an expected $15 billion in potential FIDs by next year. For related information, see May 5, 2023, article - Cheniere Outlines Growth Projects, Scores Big First-Quarter Profit.Ĭounting expansions to Sabine Pass, Industrial Info finds there are $27.5 billion worth of FIDs that are either upcoming or awaiting approval between now and 2024. Plans for another train would boost that capacity to 5.32 Bcf/d. Both agreements, Cheniere said, would support planned expansions to its Sabine Pass export terminal in Cameron Parish, Louisiana.Ĭheniere has six trains running now with a combined capacity of 4.56 billion cubic feet per day (Bcf/d) in peak nameplate capacity. That followed a similar agreement reached last week with Norwegian energy major Equinor ( NYSE:EQNR) (Stavanger, Norway). The company on Monday signed a 20-year sale and purchase agreement with a division of China's ENN Natural Gas Company Ltd. It's been a busy month for Cheniere Energy Incorporated ( NYSE:LNG) (Houston, Texas), among the lead exporters of U.S.-sourced LNG. ![]() already is a global leader in exports of liquefied natural gas (LNG), supporting global energy security, and there could be even more potential given the billions of dollars expected from final investment decisions (FIDs), according to research by Industrial Info. The company also has several plants in various stages of development including a second 10-MTPA phase at Plaquemines, two 10-MTPA phases at Delta and two 10-MTPA phases at CP2 next to the Calcasieu site.Researched by Industrial Info Resources-The U.S. Venture Global is building or developing over 50 MTPA of LNG production capacity in Louisiana, including the 10-MTPA Calcasieu Pass that is expected to enter commercial service in 2022. Federal Energy Regulatory Commission (FERC). Department of Energy export authorization and final approval from the U.S. Venture Global said it has contracted 3.5 million tonnes per annum (MTPA) of the first 10-MTPA phase of Plaquemines under binding 20-year offtake agreements and has received both U.S. export projects expected to go forward this year after only one LNG export plant - Sempra Energy's (SRE.N) Costa Azul in Mexico - started construction in 2020 as the coronavirus pandemic depressed demand.Ĭurrently, 13 North American projects, including Plaquemines, have said they plan to make a final investment decision to start construction in 2021, most of which were delayed from 2020. Venture Global said on its website that it expects to make financial close on Plaquemines in mid 2021 with the plant entering commercial service in 2024.Īnalysts say Plaquemines is one of the few U.S. The joint venture, called KZJV, will install modular liquefaction trains at Plaquemines that are similar to systems being installed at Venture Global's Calcasieu Pass LNG plant in Louisiana.Įnergy analysts have estimated the cost of Calcasieu at around $4.5 billion and said it could start producing LNG in test mode as soon as late 2021. liquefied natural gas company Venture Global LNG said on Thursday that construction firm Zachry Group will work with engineering firm KBR Inc (KBR.N) in a joint venture to build the first phase of the Plaquemines LNG export plant in Louisiana.
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