Fid

The market dynamics that have helped boost U.S. LNG export projects since the early spring are likely to continue, at least in part, but the next wave of terminal development will have added financing and inflationary hurdles, according to analysts with Poten & Partners. The Houston-based consultancy has been tracking a flurry of contracting and…

Yakutia LNG, a 17.7 million metric ton/year (mmty) liquefaction project proposed for the Russian republic of Yakutia, is planned to start up in 2027 to deliver liquefied natural gas (LNG) from Russia’s Far Eastern coast to China.  If the Russian government gives permission for the Yakutia project to export LNG, it could help Russia towards…

Woodside Petroleum Ltd. said Monday that it would go ahead with the $12 billion Scarborough liquefied natural gas (LNG) project, sanctioning a large dry gas field off the coast of Western Australia and an expansion at its Pluto export facility.  The Scarborough field is about 230 miles off the coast. It would feed a second…

The developer of the proposed Goldboro liquefied natural gas (LNG) project on Canada’s east coast has announced an evaluation of “strategic alternatives” for the $10 billion development after it missed a deadline to sanction the project June 30. “We have not been able to meet all of the key conditions necessary to make a final…

Liquefied natural gas (LNG) suppliers may cede valuable market share to renewables as project costs skyrocket and buyers become more concerned about emissions associated with the super-chilled fuel, according to the Global Energy Monitor (GEM). The nonprofit, which tracks energy projects around the world, in a recent report said North American suppliers are particularly vulnerable…

Sempra Energy may push a decision on whether to sanction the Port Arthur, TX, natural gas export project to 2022 as it looks to reduce the greenhouse gas (GHG) footprint. “We continue to work with partners and customers to focus on options to reduce the projects GHG profile and continue improving its competitive position in…

Venture Global Inc. said Thursday that it’s closed a $500 million term loan with four banks to fund pre-sanctioning construction activities for the company’s Plaquemines LNG export project in Louisiana.  The transaction was upsized from $400 million to $500 million “based on strong lender interest,” the company said. The term loan was made by JPMorgan…

New York City-based Glenfarne Group LLC hopes to fund both of its U.S. Gulf Coast LNG export projects by the end of 2021, founder Brendan Duval told NGI. Glenfarne earlier this month closed on the acquisition of the 8.8 million metric tons/year (mmty) Magnolia LNG export project near Lake Charles, LA, from Australia’s Liquefied Natural…

Liquefied natural gas (LNG) developer Tellurian Inc. has delayed a final investment decision (FID) on its proposed Driftwood LNG export terminal by one year to 2021 and may drop plans to build a $4.2 billion pipeline to bring Permian Basin supply to the first phase of the project, the company’s chief said Tuesday.