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…
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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
NGI The Weekly Gas Market Report
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
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
NGI The Weekly Gas Market Report
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
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
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
Russia’s Novatek, Partners Sanction $21B Arctic LNG-2
Russia’s largest private natural gas producer Novatek and its partners on Thursday sanctioned the 19.8 million metric tons/year Arctic LNG-2 export facility, which would be sited north of Siberia.
September 5, 2019
Thai Company Again Delays FID for Ohio Cracker, Telling Public to Stay Tuned in 2018
PTT Global Chemical pcl (PTTGC) has again delayed a final investment decision (FID) for its proposed multi-billion dollar ethane cracker in Belmont County, OH.
December 22, 2017
Thai Company Delays Ohio Ethane Cracker FID, But Touts Progress
PTT Global Chemical (PTTGC) pcl said late Tuesday it needs more time to make a final investment decision (FID) on its multi-billion dollar proposal to build a world-scale ethane cracker in Belmont County, OH, pushing the FID to late 2017.
February 15, 2017
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