March 20, 2024 Freeport LNG says trains 1, 2 at Texas facility to be down until May
Freeport LNG says trains 1, 2 at Texas facility to be down until May - Reuters Summary: Freeport LNG announced on Wednesday that trains 1 and 2 at its LNG facility in Texas would be down until May, 2024. Train 3 is back online. Train 2 liquefaction unit is offline, and train 1 liquefaction unit will be taken down soon.
Freeport LNG to Increase Production by 10% Following Repairs - Bloomberg Summary: Freeport LNG will increase its production by 10% after completing repairs in early May. Freeport LNG's CEO, Michael S. Smith, stated this during the CERAWeek by S&P Global energy conference in Houston.
Williams Companies ruled out bid for Tellurian, executive says - Reuters Summary: Williams Companies, a pipeline operator, examined acquiring Tellurian but deemed its Driftwood LNG gas export terminal project too risky. Tellurian, facing financial difficulties, is open to selling the Driftwood terminal, located in Louisiana.
India Prepares to Start New LNG Import Terminal as Demand Rises - Bloomberg Summary: India is preparing to start a new LNG import terminal due to rising demand. Gujarat State Petroleum Corp. is looking to buy a commissioning cargo for the Chhara terminal for delivery in April. Hindustan Petroleum Corp. is developing this facility in Gujarat, which will have a 5 million tons per year LNG import capacity.
GTT new order from HD Korea Shipbuilding & Offshore Engineering for the tank design of two LNG carriers - Press Release Summary: GTT received a new order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) in the first quarter of 2024 for the tank design of two LNG carriers and one Very Large Ethane Carrier (VLEC). The two LNG carriers, with a capacity of 174,000 m3 each, will be built by Hyundai Samho Heavy Industries for Nakilat and will incorporate GTT's Mark III Flex membrane containment system.
Jiangnan launches CMA CGM’s LNG-powered duo - LNG Prime Summary: Chinese shipbuilder Jiangnan launched two LNG-powered containerships for CMA CGM. The vessels are named CMA CGM Maui and CMA CGM Big Sur. They are the fourth and fifth in a series of six 15,000-teu LNG-powered containerships.
Uniper’s Liqvis adds new LNG station in Germany - LNG Prime Summary: Uniper's unit Liqvis launched a new LNG fueling station for vehicles in Germany. Liqvis's new LNG filling station is in Pfalzfeld, on A 61 Autobahn. This station is west from Frankfurt.
Biden’s US LNG pause could last longer than expected, key exporter says - Upstream Online (Subscription) Summary: Freeport LNG fears a potential delay in receiving an LNG export permit in 2024. The company applied for a Department of Energy export permit in 2010. The Obama administration began a study on LNG exports' impact on domestic natural gas prices around 2010.
Vopak, Transnet testing market interest in South African LNG terminal - LNG Prime Summary: Vopak and Transnet Pipelines are testing market interest for an LNG terminal in Richards Bay, South Africa. Transnet National Ports Authority appointed these firms in January 2024 to build and operate the terminal.
Confidence waning in Australia's next major LNG project investment - Upstream Online (Subscription) Summary: Woodside is cautious about developing the Browse LNG project. Market confidence is waning that Browse LNG will enter the FEED phase in Australia this year. High capital costs and project complexities exist.
Amid US LNG pause, Venture Global still spending $4 billion on CP2 this year - Upstream Online (Subscription) Summary: Venture Global plans to spend between $3.5 billion and $4 billion on its Calcasieu Pass 2 (CP2) LNG export terminal in 2024. Michael Sabel is the chief executive of Venture Global. CP2 is affected by a Department of Energy (DoE) pause on new LNG export approvals.
Freeport LNG plans to raise production 10% by June - Reuters Summary: Freeport LNG plans to raise its production by 10% by June 2024. Freeport LNG's production capacity will increase from 15 mpta to over 16.5 mpta. Freeport LNG's train 4 will add 25% more LNG production capacity.