Sempra takes positive investment decision to proceed with Port Arthur LNG export plant in Texas
Sempra, the US utility whose LNG unit Sempra Infrastructure owns Cameron LNG in Louisiana and other projects in Mexico, has taken a positive final investment decision to build the Port Arthur liquefaction and export plant in Texas.
Leading oil and gas and LNG executives gather for start of CERAWeek conference in Houston
One of the world’s leading annual energy conferences, CERAWeek, was scheduled to begin in Houston on March 6 and will continue through March 10 with thousands of industry executives and politicians attending to consider the current turbulent global market.
ConocoPhillips and QatarEnergy combine to provide LNG to Germany’s Brunsbüttel project on Elbe River
US major ConocoPhillips and QatarEnergy will combine to provide 2 million tonnes per annum of LNG to Germany’s new onshore import terminal under development at Brunsbüttel on the Elbe River.
Sempra reveals strategic partnership deal with ConocoPhillips for Port Arthur LNG project in Texas
Sempra, the owner of the Cameron LNG plant in Louisiana and with ventures in Mexico, has signed a 20-year Sale and Purchase Agreement (SPA) with ConocoPhillips for 5 million tonnes per annum of from Phase 1 of the proposed Port Arthur LNG project under development in Jefferson County in Texas.
ConocoPhillips outlines LNG plans for Texas and Mexican exports and German terminal agreement
ConocoPhillips has increased LNG activities in 2022 and outlined plans for the Port Arthur LNG export plant in Texas and other projects like cargo shipments to Germany and discussed its costs for the Qatar North Field expansion.
QatarEnergy signs up US major ConocoPhillips for expansion stake and defends free markets for energy
QatarEnergy selected ConocoPhillips as its third and final international partner in the North Field South (NFS) expansion project comprising two LNG mega-Trains with a combined capacity of 16 million tonnes per annum and said free markets in energy were the best ways forward.
Energy and LNG executives and ministers gather in Milan for four-day Gastech Conference as crisis deepens
The 50th anniversary Gastech Exhibition and Conference on LNG, pipeline natural and emerging energies is beginning on September 5 in the Italian city of Milan with global energy leaders and executives set to discuss the growing global gas crisis.
ConocoPhillips signs supply and investment accord with Sempra for LNG projects in Texas and Mexico
ConocoPhillips, the US major with expanding liquefied natural gas volumes, has signed an accord for long-term offtake and a 30 percent equity stake in Sempra Infrastructure’s proposed Port Arthur LNG project in Texas.
ConocoPhillips CEO Lance delighted by US major being third named shareholder in Qatar LNG expansion
US major ConocoPhillips become the third international company to be awarded a stake in QatarEnergy’s North Field East (NFE) liquefied natural gas expansion project aimed at putting Qatar back in the No. 1 spot for global exporters.
QatarEnergy still holds a majority stake in the $28.75 billion NFE expansion joint venture after earlier awarded similar stakes to French major TotalEnergies and Italy’s Eni.
The NFE expansion is scheduled to come on stream by early 2022 using abundant feed gas from the North field in the Arabian Gulf and boosting Qatar’s LNG production capacity to 110 million tonnes per annum from the existing 77 MTPA.
Ryan Lance, the Chairman and Chief Executive of ConocoPhillips, signed the partnership agreement during a ceremony held at QatarEnergy’s headquarters in Doha in the presence of senior executives from both companies.
ConocoPhillips has similar terms to its French and Italian counterparts and has a 25 percent interest in a new joint venture with QatarEnergy owning 75 percent.
The Qatar-ConocoPhillips joint venture will hold a 12.5 percent stake in the 32 MTPA NFE development.
The upstream part of the project is already under way to develop the southeast area of the North Field via eight platforms, 80 wells and gas pipelines to the onshore liquefaction plant.
Experience
“We sign a new partnership agreement that will further enhance our relationship and enable us to benefit from the wide experience of ConocoPhillips in the development of the world’s largest LNG expansion project,” said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs for Qatar as well as President and CEO of QatarEnergy.
“Our work together will enable us to meet our target of increasing the State of Qatar’s LNG production capacity,” he added.
“Our collaboration will help produce cleaner energy to meet growing global demand and achieve a realistic energy transition towards achieving our climate change objectives thanks to the project’s industry-leading environmental attributes, including carbon capture and sequestration and other technologies deployed in this project,” explained Al-Kaabi.
In his remarks during the ceremony, ConocoPhillips CEO Lance said the US major was delighted to build on its long history of partnering with Qatar and to participate in this next phase of development of Qatar's North Field.
“We recognize that LNG plays an increasingly important role in energy security and the global energy transition,” stated Lance.
QatarEnergy said more partners are scheduled to join the NFE expansion project and relevant announcements would be made soon.
Qatar’s long-term main energy partner, ExxonMobil, is expected to be a another of the shareholders amid media speculation that a Chinese oil and gas major may also be accorded a Gulf LNG stake for the first time.
CEO of LNG pioneer ConocoPhillips says President-elect Trump supports energy revolution
ConocoPhillips Chief Executive Ryan Lance said US President-elect Donald Trump recognizes and appreciates that there is a revolution going on in the energy business in North America and elsewhere.
