Freeport

Kogas Inks Long-Term Deal for U.S. LNG with BP

Kogas Inks Long-Term Deal for U.S. LNG with BP

Korea Gas Corp., aka Kogas, said Friday that it has signed a long-term contract to buy U.S. liquefied natural gas (LNG) from an affiliate of BP plc.  The company agreed to purchase 1.58 million tons (Mt) annually from BP Singapore Pte. Ltd. for an 18-year term at prices linked to Henry Hub. Kogas is one…

April 22, 2022
Freeport LNG, Tellurian Chiefs Eyeing Uptick in Investments, but Short-Term Export Relief Unlikely

Freeport LNG, Tellurian Chiefs Eyeing Uptick in Investments, but Short-Term Export Relief Unlikely

Executives developing liquefied natural gas (LNG) terminals on the Gulf Coast on Wednesday described a bittersweet situation, as Russia’s invasion of Ukraine has elevated the importance of export projects that up to now were fighting for capital. On the day traditionally devoted to natural gas, panels at CERAWeek by S&P Global shifted to what LNG…

March 10, 2022
TotalEnergies Gains in LNG Sales on Rising U.S. Output

TotalEnergies Gains in LNG Sales on Rising U.S. Output

TotalEnergies SE leveraged its globally integrated liquefied natural gas (LNG) portfolio last year to capitalize on soaring commodity prices and turn in what management said were historic financial results.  “We went from I would say the historic bottom in terms of results last year…to record results and cash flows in 2022,” said CEO Patrick Pouyanné.…

February 10, 2022
Freeport LNG Train 2 Back Online After Valve Malfunction

Freeport LNG Train 2 Back Online After Valve Malfunction

The second liquefaction train at the Freeport liquefied natural gas (LNG) export terminal in Texas is back in service after going offline for about seven hours on Tuesday after a valve malfunction, according to regulators. The plant “experienced a trip due to a valve malfunction on the mixed refrigerant system,” leading to “unavoidable venting” to…

March 10, 2021
Freeport LNG Requests Three-Year Extension to Finish Train 4 Amid Weak Market

Freeport LNG Requests Three-Year Extension to Finish Train 4 Amid Weak Market

Freeport LNG Development LP has asked FERC for a three-year extension to place a fourth train online at its liquefied natural gas (LNG) export terminal on Quintana Island in Texas, citing a weak global economy and the need for a new engineering contractor. The Federal Energy Regulatory Commission authorized the fourth liquefaction train in May…

July 28, 2020
KBR Exit from Energy Business to Benefit Other EPCs in U.S. LNG Build-Out

KBR Exit from Energy Business to Benefit Other EPCs in U.S. LNG Build-Out

KBR Inc. is exiting the energy business to expand its core government and technology businesses, leaving a handful of North American liquefied natural gas (LNG) projects to seek out new engineering, procurement and construction (EPC) contractors. In an investor presentation earlier this month, CEO Stuart Bradie said the decision to exit “the blue-collar construction and…

June 25, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

March 11, 2020
Maintenance Cuts U.S. Feed Gas Deliveries to Three-Week Lows at Export Terminals

Maintenance Cuts U.S. Feed Gas Deliveries to Three-Week Lows at Export Terminals

Feed gas deliveries to U.S. export facilities have slipped to their lowest point in weeks as maintenance has cut flows to the Sabine Pass and Cameron terminals in Louisiana.

February 12, 2020

U.S. LNG Exports Rising as Gulf Coast Terminals Ramp Up — Bonus Coverage

Editor’s Note: Please enjoy this bonus coverage from NGI’s LNG Insight, which provides daily netback prices, pipeline flows into regional export facilities, shipping costs, vessel rates, and market-driven news and analysis. For a limited time, this service is free. Start receiving NGI’s LNG Insight today.

December 24, 2019

Gulf Coast LNG Exports Poised to Continue Climbing Despite Bearish Market — Bonus Coverage

Editor’s Note: Please enjoy this bonus coverage from NGI’s LNG Insight, which provides daily netback prices, pipeline flows into regional export facilities, shipping costs, vessel rates, and market-driven news and analysis. For a limited time, this service is free. Start receiving NGI’s LNG Insight today.

December 9, 2019
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