Soaring LNG project costs give US incumbents an edge
Cash-rich incumbents are leading the next wave of brownfield US LNG expansions, as the Iran war has escalated project costs, disproportionately disadvantaging greenfield projects – such as Argent LNG – that lack existing infrastructure.
FERC waives pre-filing for CP2 LNG Phase 3 expansion
US Federal Energy Regulatory Commission (FERC) has waived the mandatory pre-filing requirement for a third phase of Venture Global’s CP2 LNG expansion, signalling regulator’s openness to streamlining brownfield LNG build-outs. CP2 LNG Phase 3 is designed to boost peak liquefaction capacity from 28 mtpa to 35 mtpa.
Chevron steps up offtake from Lake Charles LNG by 1 mtpa
Chevron has agreed to offtake an additional 1 mtpa from Energy Transfer's Lake Charles LNG export terminal. The 20-year agreement increases Chevron’s contracted volumes to 3 mtpa, as the US oil major seeks to expand its global gas business.
