TotalEnergies SE disclosed the final investment decision (FID) for an LNG expansion project in Papua New Guinea would be pushed back by at least one year as the project partners hunt for more “commercially viable” contractors. The French major’s CEO Patrick Pouyanné met with Papua New Guinea Prime Minister James Marape to discuss the status…
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TotalEnergies Looks to Tap Gulf Coast Foothold to Grow U.S. LNG Business
TotalEnergies SE CEO Patrick Pouyanné said the firm is leaning on its already outsized role as a leader in U.S. LNG to expand its supply chain positions and grow its hub of natural gas projects centered in Texas. TotalEnergies is currently the largest trader of U.S. liquefied natural gas and is the second largest LNG…
NextDecade Looks to Ink Contract with Bechtel for Rio Grande LNG Expansion by July
As NextDecade Corp. progresses construction on the first three trains for its Rio Grande LNG project in Texas, it is working to firm up contracts for its second phase by the middle of the year. Houston-based NextDecade last year broke ground in Brownsville, TX, on the first three trains of the facility, which could add…
Energy Majors, Traders Betting on Big Future for LNG
Energy majors and commodities traders are playing an outsized role in supporting a global LNG export buildout that ultimately could saturate the market with the super-chilled fuel later this decade, bring prices down and stoke future demand. About 150 million metric tons/year (mmty) of additional liquefaction capacity is under construction across North America and in…
TotalEnergies Backstops Renewables Generation in Texas with Trio of Natural Gas-Fired Facilities
TotalEnergies SE, which has a bevy of U.S. energy assets, has agreed to pay $635 million to buy three natural gas-fired power plants in Texas to ensure customers have firm power and to bolster integrated power purchase agreements (PPA). The deal with TexGen Power LLC includes two facilities that serve the Houston area and one…
QatarEnergy Signs Another 27-Year LNG Supply Deal for Europe
QatarEnergy said Wednesday it has agreed to supply Shell plc with 3.5 million tons (Mt) of LNG from its massive North Field expansion project for nearly three decades. The liquefied natural gas would come from the 32 Mt/year North Field East (NFE) project and the 16 Mt/year North Field South (NFS) project. Shell was awarded…
TotalEnergies’ Plans to Grow LNG Portfolio by 50% Through Decade Backed By U.S., Mexico Projects
Boosted by North American projects, TotalEnergies plans to use LNG as one of its key “pillars” as it aims to grow natural gas and oil production by at least 2% annually until the end of the decade. In an outlook presentation as a part of TotalEnergies’ investor day in New York, executives outlined how the…
TotalEnergies CEO Says U.S. LNG ‘Important’ to Strategy and European Natural Gas Supply
TotalEnergies SE is on the hunt for more opportunities for affordable LNG like its recent grabs in the United States as Europe’s energy volatility and rising costs are likely to persist. Despite Europe’s falling oil and natural gas prices during the second quarter, CEO Patrick Pouyanné said “tensions” in the global gas market will mean…
NextDecade Reaches FID on Rio Grande LNG First Phase, Gives Bechtel Notice to Proceed
NextDecade Corp. has officially reached a final investment decision (FID) and given a notice to proceed on construction of the first phase of its Rio Grande LNG (RGLNG) facility. The Houston-based company disclosed Wednesday afternoon that it had secured $18.4 billion for the 17.6 million metric ton/year (mmty) first phase, making it what the company…
NextDecade Says Equity, SPA Agreements with TotalEnergies, GIP Clear Path to FID This Month
NextDecade Corp. has disclosed agreements with Global Infrastructure Partners (GIP) and TotalEnergies, and now expects to reach a final investment decision (FID) for the Rio Grande LNG project in deep South Texas later this month. GIP has agreed to take an undisclosed majority stake in the first three liquefaction trains of the proposed Texas export…