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After Missing FID Deadline for Goldboro LNG, Pieridae Reviewing ‘Strategic Alternatives’

After Missing FID Deadline for Goldboro LNG, Pieridae Reviewing ‘Strategic Alternatives’

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…

July 2, 2021
Bleak Picture Painted for Increasingly ‘Expensive and Fragile’ LNG Projects

Bleak Picture Painted for Increasingly ‘Expensive and Fragile’ LNG Projects

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…

June 25, 2021
Sempra Now Eyeing Port Arthur LNG FID in 2022 and Looking to ‘Green Up’ Site

Sempra Now Eyeing Port Arthur LNG FID in 2022 and Looking to ‘Green Up’ Site

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…

May 6, 2021
Venture Global Lands Funding for Pre-FID Construction Work on Plaquemines LNG Project

Venture Global Lands Funding for Pre-FID Construction Work on Plaquemines LNG Project

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…

February 11, 2021
Glenfarne eyeing Gulf Coast LNG FIDs in 2021, Sees ‘Substantial Opportunity’ in Korean Market

Glenfarne eyeing Gulf Coast LNG FIDs in 2021, Sees ‘Substantial Opportunity’ in Korean Market

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…

June 29, 2020
Tellurian Delays Driftwood FID, May Drop Permian Pipeline Plan

Tellurian Delays Driftwood FID, May Drop Permian Pipeline Plan

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.

June 17, 2020
LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply

LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply

Editor’s Note: The following segment is one in a series by NGI’s LNG Insight focused on exploring how the global liquefied natural gas (LNG) market works. The conversations in this series will also analyze news and the issues that matter most to the industry in North America and beyond.

June 11, 2020
NextDecade Delays Rio Grande LNG FID to 2021, Cuts Costs to Reach Finish Line

NextDecade Delays Rio Grande LNG FID to 2021, Cuts Costs to Reach Finish Line

NextDecade Corp. said Monday it now expects to make a final investment decision (FID) on its Rio Grande liquefied natural gas (LNG) export project on the South Texas coast next year as the Covid-19 pandemic continues to upend energy markets.

May 18, 2020
LNG Recap: Port Arthur FID Delayed as Freeport, Elba Terminals Ramp Up New Trains

LNG Recap: Port Arthur FID Delayed as Freeport, Elba Terminals Ramp Up New Trains

Sempra Energy on Monday said it would delay a final investment decision (FID) on its Port Arthur liquefied natural gas (LNG) export project under development east of Houston.

May 4, 2020
Sempra’s Mexico Unit to Soon Make FID on Energía Costa Azul LNG

Sempra’s Mexico Unit to Soon Make FID on Energía Costa Azul LNG

Infraestructura Energética Nova (IEnova), the Mexican unit of San Diego-based Sempra Energy, plans to make a final investment decision (FID) on the Energía Costa Azul (ECA) liquefaction project in Baja California before the end of March, company officials said during a quarterly conference call Thursday.

February 21, 2020
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