LNG exports

Venture Global LNG Inc. said Monday that it would go forward with the second phase of its Plaquemines export terminal under development in Louisiana after securing $7.8 billion in financing.  The final investment decision (FID) comes less than 10 months after the first phase was sanctioned. All together, Venture Global said it would invest $21…

EQT Corp., the largest natural gas producer in the United States, has donated production equipment to Ukraine’s largest gas producer, JSC Ukrgasvydobuvannya, to restore facilities damaged in the war with Russia.  Ukrgasvydobuvannya, a unit of Naftogaz, produces 70% of Ukraine’s gas, which totals around 12.5 Bcm. “Ensuring a reliable supply of energy is a challenge,…

New Fortress Energy Inc. (NFE) is expecting to achieve first LNG from a floating liquefied natural gas production unit offshore Altamira, Mexico, in about 120 days, management said Tuesday. Construction is about 80% complete on the first of two “Fast LNG” or FLNG liquefiers to be deployed at Altamira. Each would boast a liquefaction capacity…

Freeport LNG Development LP on Tuesday won approval from federal regulators to restart commercial operations and said it would ramp up to 2 Bcf/d of production, enough to meet its long-term contracts in the coming weeks.  The Federal Energy Regulatory Commission authorized full service to resume on two liquefaction trains eight months after an explosion…

Energy Transfer LP said the “extremely competitive” environment for long-term LNG contracting has meant slower progress toward a final investment decision (FID) on its proposed Louisiana export project, but the firm is making progress and could announce new deals soon. Co-CEO Marshall McCrea told investors during a quarterly conference call that the team was “disappointed”…

French supermajor TotalEnergies SE indicated Wednesday it would double-down on its LNG business, which CEO Patrick Pouyanné said would be a “pillar” of the company’s growth in the years ahead, along with its power generation operations. The two businesses, which have operated within the same segment for years, have been so instrumental to the company’s…

Mexico’s demand for Texan natural gas is set to rise as new infrastructure projects come to fruition. Along with plans in Mexico to build up to 5 Bcf/d of liquefied natural gas export capacity, state utility Comisión Federal de Electricidad (CFE) also is developing over 7 GW of natural gas-fired power generation by 2025. These…

The American Petroleum Institute (API) emphasized the U.S. role as an energy leader as it outlined steps lawmakers should take to “make, move and improve” the oil and gas industry at a recent event.  “In the past year, the global energy crisis, driven by surging post-pandemic demand outstripping supply and exacerbated by Russia’s invasion of…

Sempra Infrastructure reported the first phase of its Port Arthur LNG project has reached its required offtake subscription for a final investment decision (FID) after it inked another long-term agreement with a European firm. Polish refiner PKN Orlen SA signed a 20-year sales and purchase agreement (SPA) for 1 million metric ton/year (mmty) of liquefied…