Freeport Lng

Talos, Freeport LNG Advancing CCS Project on Upper Texas Coast

Talos, Freeport LNG Advancing CCS Project on Upper Texas Coast

Houston-based Talos Energy Inc., which is expanding its scope beyond exploration and production to carbon capture and storage (CCS), has a preliminary agreement with Freeport LNG Development LP to sequester emissions on the Upper Texas coast. Reducing the carbon intensity of liquefied natural gas (LNG) exports has become paramount for U.S. operators in the broad…

November 16, 2021
Jera Acquires Additional Interest in Freeport LNG for $2.5B

Jera Acquires Additional Interest in Freeport LNG for $2.5B

Japan’s largest power producer, Jera Co. Inc., is acquiring a 25.7% stake in the Freeport liquefied natural gas (LNG) export terminal in Texas for $2.5 billion as it looks to secure more of the super-chilled fuel amid skyrocketing prices and to help meet climate targets. Investment firm Global Infrastructure Partners (GIP), which acquired the stake…

November 15, 2021

Freeport LNG Expecting Week-Long Outage on Pretreatment Train — The Offtake

A roundup of news and commentary from NGI’s LNG Insight  Freeport LNG has taken one of its three pretreatment trains offline for maintenance after an incident Sunday that will limit operational capacity. A spokesperson said the train is expected to be offline for seven days. Feed gas deliveries to the terminal were nominated lower early…

November 2, 2021

Freeport LNG Working Through Tanker Backlog — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Freeport LNG is working through a backlog of tankers this week. The vessel Prism Brilliance was loading at the terminal Thursday. Five vessels are waiting in the Gulf of Mexico to load at Freeport and three more are on their way, according to Kpler. No…

September 23, 2021

Vessel Departs Freeport LNG After Prolonged Outage — The Offtake

A roundup of news & commentary from NGI’s LNG Insight The vessel LNG Alliance departed Freeport LNG early Tuesday, one week after Tropical Storm Nicholas knocked out power and halted operations at the Texas export terminal.  Power was restored. However, it’s unclear whether all three trains were operating at the terminal after one tripped during…

September 21, 2021
Cove Point, Freeport Production Curbed as Energy Crisis Deepens in Europe — LNG Recap

Cove Point, Freeport Production Curbed as Energy Crisis Deepens in Europe — LNG Recap

Natural gas prices continued to rise in Asia and Europe on Monday as competition intensified for limited liquefied natural gas (LNG) cargoes on the spot market with two U.S. facilities down.  Freeport LNG in Texas continues to experience production issues after Tropical Storm Nicholas knocked out power last week. The facility has not fully restarted…

September 20, 2021

European Manufacturers Halt Production, Citing Natural Gas Prices; Freeport LNG Still Offline — The Offtake

A roundup of news and commentary from NGI’s LNG Insight  U.S. manufacturer CF Industries Holdings Inc. and Norwegian chemical producer Yara International ASA announced closures of their facilities because of extraordinarily high European natural gas prices, which neared $30/MMBtu this week. Yara said 40% of its European ammonia production capacity would be shut down next…

September 17, 2021

Freeport LNG Still Offline; European Natural Gas Continues Meteoric Rise — The Offtake

A roundup of news and commentary from NGI’s LNG Insight  Freeport LNG remained offline late Wednesday, a spokesperson said. Electricity at the terminal isn’t expected to be restored until CenterPoint Energy Inc. completes repairs on its system. Tropical Depression Nicholas made landfall in Texas on Tuesday as a Category 1 hurricane and knocked out power…

September 15, 2021
Freeport LNG Eyes 2022 to Sanction Fourth Train as Market Undergoes ‘Total Transformation’

Freeport LNG Eyes 2022 to Sanction Fourth Train as Market Undergoes ‘Total Transformation’

The developers of the Freeport liquefied natural gas (LNG) export facility in Texas are targeting a mid-2022 final investment decision (FID) and a 2026 startup for the plant’s fourth train as customers indicate interest for long-term contracts. However, CEO Michael Smith told NGI last week that Freeport LNG will maintain a patient approach when it…

July 9, 2021

European Natural Gas Continues Charge Upward, Hits Record — The Offtake

A roundup of news and commentary from NGI’s LNG Insight A global commodity rally continued Thursday. Dutch gas futures soared to an all-time record by jumping above $12/MMBtu, while spot LNG prices in North Asia were assessed near $14. In the United States, the Henry Hub prompt contract increased by 1 cent to close at…

July 1, 2021
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