FID on Port Arthur LNG Delayed Until Next Year
Posted on May 7, 2020
Platts reports that Sempra LNG has delayed until next year a final investment decision (FID) on the proposed Port Arthur LNG liquefaction and export terminal in Port Arthur, Texas. An FID had previously been anticipated for the third quarter of 2020.
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Venture Global Calcasieu Pass Raises First LNG Storage Tank Roof
Posted on May 4, 2020
Venture Global LNG, Inc. announced that it has raised the roof on the first LNG storage tank at its Calcasieu Pass LNG export facility under construction in Cameron Parish, La. The company also announced “that the export facility’s marine perimeter wall (including access road gates) and levee are now complete, securing the site.”
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Tellurian Announces New Financing, Reduction of Term Loan
Posted on May 4, 2020
Tellurian Inc., sponsor of the proposed Driftwood LNG liquefaction and export terminal in Calcasieu Parish, La., announced that it has executed an agreement to sell $56 million of zero coupon, unsecured notes for gross proceeds of $50 million and provide the lender with warrants to purchase up to 20 million shares of Tellurian common stock, subject to customary closing conditions. The press release states that “in conjunction with this financing, Tellurian has also entered into an agreement to amend its 2019 Term Loan, including a reduction of the principal amount by $17.1 million. The...
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FERC Authorizes Freeport LNG To Place Train 3 In Service
Posted on May 4, 2020
FERC has issued a letter order authorizing Freeport LNG to place liquefaction Train 3 in service at its export facility on Quintana Island, Texas.
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Pieridae Energy Delays FID on Goldboro LNG Project
Posted on Apr 20, 2020
Bloomberg reports that Pieridae Energy Ltd. has delayed a final investment decision (FID) on its proposed Goldboro LNG export terminal in Nova Scotia due to depressed global LNG markets and the COVID-19 pandemic. The company was planning to make the FID this fall.
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FERC Releases Environmental Review Schedule for Port Arthur Expansion
Posted on Apr 20, 2020
FERC has released the environmental review schedule for the Port Arthur LNG Phase II, LLC expansion project that would add a total of approximately 13.5 million tonnes per annum of liquefaction capacity for export overseas at the proposed Port Arthur LNG Liquefaction Terminal in Port Arthur, Texas. FERC expects to issue its Environmental Assessment of the project on January 15, 2021. Other federal agencies having jurisdiction over the project will have until April 15, 2021 to complete their review....
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Shell Plans Exit From Proposed Lake Charles LNG Export Project
Posted on Mar 30, 2020
Shell announced that “[g]iven current market conditions . . . it will not proceed with an equity interest in the proposed Lake Charles LNG [export] project.” Energy Transfer will take over as the project developer. The press release states that “Lake Charles LNG is a proposed 50/50 project between Shell and Energy Transfer that seeks to convert Energy Transfer’s existing import terminal to an LNG export facility in Lake Charles, La. The project has a proposed liquefaction capacity of 16.45 mtpa for US natural gas export to global customers. According to a Reuters article,...
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