In this issue

 

Financing models of the U.S. shale oil and gas industry – often small wildcatters – has for long been characterised by negative free cash flow as expectations of rising production…
Dealing a blow to US LNG aspirations, PetroChina considers suspending its US LNG purchases for delivery this winter. Location swaps of cargoes might help sort matter, with Japan and South…
Free ReadOne-in-five LNG cargoes setting sail from Sabine Pass are heading to Mexico this year while demand from Argentina and Brazil remains sluggish. Mexico imported 29 cargoes from the US in…
AES Colón – a $1.15 billion LNG import terminal and adjacent combined-cycle power plant – has just been inaugurated in Panama. The project comprises the first LNG regas terminal in…
Seeking to accommodate U.S. President Donald Trump’s demands for greater LNG sales to Europe, the European Commission President Jean-Claude Junker has said the EU would build more LNG import terminals.…
Free ReadThe Government of South Korea is planning to cut natural gas taxes by 74% and raise taxes on the use of thermal coal for power generation by 27% next year.…
US LNG export project investors and potential foreign importers of the fuel have been informed by the US government that non-Free Trade Agreement permits are valid for their whole 20-year…
The Federal Energy Regulatory Commission (FERC) has authorized the commissioning of Train 1 and the common area utilities at both the liquefaction and pre-treatment facilities. Freeport’s first three Trains are…
Monday, 03 September 2018
Free ReadPieridae Energy, the developer of the Goldboro LNG export project in the Canadian Atlantic Coast province of Nova Scotia, has posted widening second-quarter losses as it progresses with the venture…
Keen to accelerated the commissioning of Train-5 at Sabine Pass LNG, Cheniere Energy has filed a request with the Federal Energy Regulatory Commission (FERC) for permission to inject feed gas…
TransCanada, a major North American pipeline operator, has placed into service the Topolobampo Pipeline at a cost of $1.2 billion. Spanning over a distance of 348 miles (560km), the pipeline…
Free ReadCheniere Energy is working towards having Corpus Christi liquefaction Trains 1 and 2 substantially completed in the first half of 2019, and Train-2 in the second half of next year.…
The spread in natural gas prices between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown…
Nearly two-thirds of oil and gas sector leaders, surveyed by the Norwegian classification society DNV GL, have increased spending on gas projects in 2018; hence natural gas is expected to…

News Nudges

McDermott and Chiyoda produce first LNG at Cameron Train-2

US engineering company McDermott and Japanese firm Chiyoda in late December announced the Cameron liquefaction plant on the Calcasieu Ship Channel had begun producing LNG. McDermontt stressed this step is “a precursor to substantial completion of Train 2.” “This accomplishment is attributable to the entire team's unwavering commitment to project delivery and steadfast focus on safety and quality performance as we work towards completion of Train 2,” said Mark Coscio, McDermott's Senior Vice President for North, Central and South America. McDermott and Chiyoda have provided the engineering, procurement and construction for the Cameron LNG project since the project's initial award in 2014. The project includes three liquefaction Trains with a projected export of 12 million tonnes per annum (mtpa) of LNG, or about 1.7 billion cubic feet per day (bcf/d). Cameron LNG is jointly owned by affiliates of Sempra Energy, Total, Mitsui & Co. and Japan LNG Investment, a company jointly held by Mitsubishiand shipping line Nippon Yusen Kabushiki Kaisha.