Total, Sempra talk US LNG ambitions and technical issue at Cameron terminal
The first natural gas liquefaction train at the Cameron LNG LLC export terminal in Louisiana will likely remain at 65% to 70% of its operational capacity until November following a compressor failure last month, executives for the joint venture partners Total SA and Sempra Energy said Sept. 19. Details about the glitch, which the executives said has not prevented the facility from meeting its contracts and lifting schedules, came as the annual Gastech conference was wrapping up in Houston.
Freeport LNG considering spot LNG sales, other options for expansion, CEO says
Freeport LNG Development LP may sell excess LNG on a spot basis rather than through its traditional tolling model, the company's chairman and CEO, Michael Smith, said in a Sept. 19 interview. Freeport LNG would also consider alternative deal structures as it works to commercialize a project that would expand its LNG export terminal in Texas with a fourth natural gas liquefaction train, Smith told reporters from S&P Global Market Intelligence and S&P Global Platts.
Petronet deal endorses Tellurian business model in crowded US LNG field
Tellurian Inc. first tried the traditional long-term off-take model to fund construction of its Driftwood LNG export terminal, and then it offered fixed-price LNG to Asia. When those efforts did not work, the company turned to an equity buy-in approach, requiring a substantial upfront payment in exchange for the right to lift LNG for the life of the Louisiana facility. The agreement calls for the Indian company to negotiate an up-to-$2.5 billion stake in the holding company that includes Driftwood and four pipelines proposed by Tellurian.
FERC approves small Eagle LNG export facility in Florida
The Federal Energy Regulatory Commission issued a certificate order Sept. 19 that conditionally authorized Eagle LNG Partners to build and operate a small LNG export terminal in Jacksonville, Fla., designed to serve the maritime industry and Caribbean natural gas demand. The total project capacity will allow the company to liquefy approximately 132 million standard cubic feet per day of gas for export.
Report: BP to provide US LNG supply to Korea Gas in deal worth up to $9.6B
BP PLC agreed to supply 1.58 million tonnes per annum of liquefied natural gas from the U.S. to Korea Gas Corp. under a 15-year contract, The Korea Herald reported, citing a statement from Korea's minister of trade, industry and energy. BP will supply the LNG starting in 2025 and has the option to extend the contract by another three years, the report said.
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