LNG

ADNOC’s finance arm, XRG will raise its stake in Rio Grande LNG project by buying another 7.6% stake in Trains 4 and 5 from the BlackRock affiliate Global Infrastructure Partners (GIP). The acquisition adds to XRG’s existing 11.7% interest in the project's first three Trains.

The Texas LNG Brownsville, a liquefaction and export venture on the Gulf of Mexico in South Texas, is making progress in its permitting process to produce an initial 4 million tonnes per annum.

Construction of a final subsea section of a natural gas pipeline that goes under the US-Mexico border in the Gulf of Mexico has begun and when completed will enable more pipeline gas to be transported to the current largest recipient of US LNG cargoes.

NextDecade, the company proposing to build the Rio Grande liquefied natural gas export plant in Texas, named Ping Lee as its main LNG marketing executive for China and Southeast Asia.

April 12 (LNGJ) - Texas, one of the main hubs of future US LNG exports from around the Gulf Coast ports such as Freeport, Corpus Christi, Port Arthur and Brownsville, saw monthly natural gas output increase 3 percent year-on-year in February to nearly 638.5 billion cubic feet, according to the Texas Petro Index report from economist Karr Ingham. “With natural gas prices in February averaging $2.67 per 1,000 feet (Mcf), the value of Texas-produced gas increased about 40 percent to more than $2.34 billion,” said the report. The Baker Hughes count of active drilling rigs in Texas averaged 476 units, 28.6 percent more than in the same month of 2017. “An estimated average of 215,500 Texans remained on upstream oil and gas industry payrolls, about 13.8 percent more than the revised average of 189,400 in February 2017,” it added.

Texas LNG, the export project being developed in Brownsville, said it was delighted to be taking part in the US presidential trade mission to China that started on November 8 and involves other US Gulf Coast companies.

NextDecade Corp, the LNG export company in Texas developing the Rio Grande liquefaction plant, has received tax incentives for its project planned for the Port of Brownsville because of its jobs and investment potential.

Keppel Offshore and Marine of Singapore said its US subsidiary based in the Texas port of Brownsville won a contract worth more than US$400 million from Honolulu-based Pasha Hawaii for the construction of two liquefied natural gas-fueled containerships.

July 20 (LNGJ) - The US Federal Energy Regulatory Commission said it was preparing a draft environmental impact statement for the Annova LNG Brownsville export project planned for the south bank of the Brownsville Ship Channel in Texas. The venture would include six small-scale liquefaction Trains producing a total of 6 million tonnes per year of LNG, an interconnected pipeline and marine export facilities.

The US Rio Grande LNG project development company in Texas run by former Royal Dutch Shell senior executive Kathleen Eisbrenner called NextDecade is expected to be listed on the US-based Nasdaq global stock exchange before the end of July.