LNG vessel and floating storage and regasification unit (FSRU) operator Excelerate Energy Inc. is wading into offering fuel trading with a long-term agreement for offtake from Venture Global Inc.’s Plaquemines LNG. Texas-based Excelerate has inked a 20-year, 0.7 million metric ton/year sales and purchase agreement (SPA) for delivery on a free-on-board basis. Plaquemines LNG was…
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‘Good Time’ for Global LNG as Customers Ready to Talk, Says Baker Hughes CEO
Baker Hughes Co. generated record orders in the fourth quarter, driven by “multiple awards” for LNG and offshore production equipment, CEO Lorenzo Simonelli said Monday. In a conference call to discuss quarterly and full-year earnings, the CEO noted that operationally, the Houston-based oilfield services (OFS) giant “continues to navigate challenges” in “different parts of the…
FERC Notes Possible Landscape Impacts from Venture Global’s CP2 project in Draft Report – The Offtake
A roundup of news and commentary from NGI’s LNG Insight: Federal Energy Regulatory Commission staff released a draft environmental impact statement (EIS) for an expansion of Venture Global LNG Inc.’s expansion and associated pipeline project at Calcasieu Pass LNG (Nos. CP22-21-000, CP22-22-000). Staff concluded the 20 million metric tons/year CP2 LNG project would have impacts…
Venture Global Eyes Construction Ramp Up for Plaquemines LNG – The Offtake
Venture Global LNG Inc. has asked the Federal Energy Regulatory Commission for permission to ramp up construction at its Plaquemines LNG facility and associated pipeline project.
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…
Chart Industries CEO Expects LNG Plants to Go Up Faster as Projects Utilize New Designs
As the world scrambles for more LNG, Chart Industries Inc. CEO Jillian Evanko sees the way that projects are built is changing rapidly in a way that’s allowing developers to deliver the super-chilled fuel faster. Timelines on projects that once took years to build are shrinking as more equipment for smaller, modular projects is being…
Venture Global Nets 1.5 MMty Offtake Deal for Plaquemines, CP2 with First German Customer
Venture Global LNG Inc. has secured a 20-year sales and procurement agreement (SPA) for a combined 1.5 million metric tons/year (mmty) from its two Louisiana natural gas export facilities with one of Germany’s largest energy firms.The SPA clinched by the Arlington, VA-based liquefied natural gas (LNG) infrastructure company is with EnBW Energie Baden-Württemberg AG. EnBW…
API Calls on Biden Administration to Fast-Track LNG Export Approvals
The American Petroleum Institute (API) has put forth a 10-point policy plan it wants the Biden administration to adopt to promote U.S. oil and natural gas production – and ease the global energy crisis. “As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global…
Tetco Natural Gas Pipeline Expansions to Feed Newly Sanctioned Plaquemines LNG Facility
Enbridge Inc. is moving forward with a pair of pipeline expansion projects that would deliver 1.5 Bcf/d of natural gas to the Plaquemines liquefied natural gas (LNG) export terminal recently sanctioned by Venture Global Inc. The Gator Express Meter (GEM) and Venice Extension projects would involve 36-inch diameter pipeline, metering and compressor station additions and…
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,…