Plaquemines LNG

FERC Delivers Positive EIS for Enbridge’s Pipeline Extension to Plaquemines LNG

FERC Delivers Positive EIS for Enbridge’s Pipeline Extension to Plaquemines LNG

One of the key pipeline projects to supply Venture Global Inc.’s Plaquemines LNG export terminal in Louisiana could be built with limited and mostly temporary impacts, FERC staff concluded in a recently published draft environmental impact statement (EIS). The draft EIS published Friday is the latest step for Enbridge Inc.’s proposed Venice Extension project is…

September 21, 2022
U.S. Natural Gas Price Volatility at All-Time High in 2022

U.S. Natural Gas Price Volatility at All-Time High in 2022

Natural gas price volatility hit an all-time record earlier this year and remains elevated on weather-driven demand and soaring LNG exports, among other factors, according to the Energy Information Administration (EIA).  EIA said volatility, a measure of how much daily prices change, reached its highest level in 20 years in February. The 30-day historical volatility…

August 16, 2022
Baker Hughes Sees Years of Growth in U.S. Natural Gas, LNG Sectors

Baker Hughes Sees Years of Growth in U.S. Natural Gas, LNG Sectors

Baker Hughes Co. (BKR) management on Wednesday offered a bullish assessment of natural gas growth opportunities but conveyed a more measured outlook for the oil market. “Overall, we remain very positive on the outlook for natural gas,” Baker Hughes’ CEO Lorenzo Simonelli told analysts during the oilfield services (OFS) giant’s 2Q2022 earnings call. “We also…

July 20, 2022
Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID

Venture Global LNG Inc. has netted another sales and purchase agreement (SPA) for its proposed Plaquemines liquefied natural gas (LNG) terminal with a major Asian buyer, pushing the project’s contracted offtake to the 80% mark. A 1 million metric ton/year (mmty) 20-year contract was announced Wednesday with a subsidiary of Malaysia’s state-owned Petroliam Nasional Berhad,…

May 13, 2022
Venture Global Clinches 2 MMty Agreement with ExxonMobil for Louisiana LNG Projects

Venture Global Clinches 2 MMty Agreement with ExxonMobil for Louisiana LNG Projects

Venture Global LNG Inc. is progressing its planned liquefied natural gas (LNG) projects in Louisiana after securing twin offtake agreements with an ExxonMobil affiliate. The Arlington, VA-based company inked two 20-year sale and purchase agreements (SPA) for a combined 2 million metric tons/year (mmty) with ExxonMobil Asia Pacific Pte Ltd. The affiliate may split the…

May 10, 2022
Baker Hughes CEO Says Everybody Wants to Talk LNG Expansions

Baker Hughes CEO Says Everybody Wants to Talk LNG Expansions

The still unfolding situation in Europe has “accelerated the pace of discussions” to sanction global liquefied natural gas (LNG) projects,” Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday. Simonelli shared first quarter results and the outlook for 2022 and beyond for the Houston-based oilfield services giant.  “We already saw momentum pick up in 2021” for…

April 20, 2022
Venture Global Teases FID for Plaquemines LNG With Announcement of Long-term Contracts

Venture Global Teases FID for Plaquemines LNG With Announcement of Long-term Contracts

Venture Global LNG Inc. is continuing its hot streak of long-term sales and purchase agreements (SPAs) for liquefied natural gas (LNG) with two new deals announced Wednesday, one of which foreshadows a greenlight for the Plaquemines LNG terminal, according to the company. The Arlington, VA-based LNG exporter has inked two 20-year SPAs to supply New…

March 16, 2022
Venture Global Inks Another Natural Gas Supply Contract for Plaquemines LNG

Venture Global Inks Another Natural Gas Supply Contract for Plaquemines LNG

Repsol SA has agreed to purchase liquefied natural gas (LNG) from Venture Global LNG Inc.’s Plaquemines export project in Louisiana.  The Spanish-based energy major agreed to the deal in January. Repsol would take 18.25 Bcf of LNG over three years, according to a filing with the U.S. Department of Energy. Initial construction activities started in…

February 16, 2022
CNOOC Signs its First U.S. Long-Term Sales Agreement with Venture Global LNG

CNOOC Signs its First U.S. Long-Term Sales Agreement with Venture Global LNG

Venture Global LNG Inc. has signed an agreement to supply a subsidiary of China National Offshore Oil Corp. (CNOOC), China’s largest liquefied natural gas (LNG) importer, with 3.5 million metric tons/year (mmty) of the super-chilled fuel for a 20-year term.  Venture Global would supply CNOOC with 2 mmty of LNG on a free-on-board basis from…

December 21, 2021
Venture Global Signs Largest U.S. LNG Supply Deal on Record with Sinopec

Venture Global Signs Largest U.S. LNG Supply Deal on Record with Sinopec

Venture Global LNG Inc. has reached a deal to sell nearly 8 million metric tons/year (mmty) of liquefied natural gas (LNG) to China Petroleum & Chemical Corp., aka Sinopec, in deals representing the largest supply agreement ever signed by a U.S. gas exporter.  The 20-year deals, publicly announced on Thursday, also represent the largest supply…

November 4, 2021