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Released February 08, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--After more than two years of construction that included that the onset of a global pandemic, Cheniere Energy Incorporated (Houston, Texas) said Monday that Train 6 of its Sabine Pass liquefied natural gas (LNG) production and export facility in Louisiana has been substantially completed.
The 4.5 million-metric-ton-per-year LNG train brings Sabine Pass' total production capacity to 27 million metric tons per year. The train is the company's ninth operating LNG unit, with six at Sabine Pass and three at its facility in Corpus Christi, Texas. In a press release, Cheniere Chief Executive Jack Fusco said, "With nine total trains across both the Sabine Pass and Corpus Christi projects, the Cheniere liquefaction platform is the second largest in the world." Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here for the detailed report on Train 6.
So, what's next for the U.S. LNG landscape? With the onset of the COVID-19 pandemic, many companies deferred projects as they waited to see how demand would shape up again in a changed world. The short answer: It's strong. U.S. shipments to Asia have regained steadiness, and in December and January, Europe was the top destination for U.S. LNG, accounting for about two-thirds of U.S. exports, according to data from Refinitiv. The European LNG market has become politically charged as the West waits to see Russia's stance toward Ukraine. Europe gets about 35% of its natural gas from Russia.
Cheniere seems to have been one of those companies waiting to see LNG demand shaped up in the wake of COVID-19, particularly in regard to its Stage 3 liquefaction facility in Corpus Christi. The facility would include seven LNG production trains to produce 9.5 million tons per year. In December last year, Cheniere asked the U.S. Federal Energy Regulatory Commission (FERC) to extend the amount of time it has to build the new plant. When FERC originally approved construction of Stage 3 in November 2019, it gave Cheniere five years, or until around November 2024, to complete the project. In December, Cheniere asked for an extension for the amount of time it has to put Stage 3 in operation until June 2027.
However, in November 2021, Cheniere signed an agreement to sell between 0.4 million and 1.2 million tons per year of LNG to a unit of French energy company ENGIE (La Defense), which analysts said could help move the Stage 3 project to approval. Subscribers can click here for the detailed project report.
While Cheniere may be cooling its heels a bit between projects, other companies are stepping up to the plate, notably Venture Global LNG LLC (Arlington, Virginia). Venture Global is wrapping up commissioning at its Calcasieu Pass LNG export plant in Louisiana. The company is installing five blocks of two trains each to produce a total of 6 million metric tons per year for export. Subscribers can click here for the report.
Venture Global is expected to make a final investment decision this year on its Plaquemine project in Louisiana, which would produce about 10 million metric tons for export. If construction begins this year, it is expected to take about four years to complete. Subscribers can click here for the detailed report.
But Venture Global isn't stopping there. In December, the company announced plans to invest more than $10 billion to construct its proposed CP2 facility, which will be located next to its Calcasieu Pass plant. Subscribers can click here for the report.
Two other U.S. plants also could see some movement this year. Earlier this month, Tellurian Incorporated (Houston, Texas) Chief Executive Charif Souki said that the company planned to start construction of its Driftwood LNG project in Louisiana in April, as Tellurian has access to enough capital to handle the first year of plant construction. Subscribers can click here for the report.
Sempra Energy (NYSE:SRE) (San Diego, California) this year could reach a decision to construct another train at its Cameron facility in Hackberry, Louisiana. The facility has three liquefaction trains in operation, and a fourth train would add approximately 6 million metric tons per year of export capacity. Subscribers can click here for the project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
The 4.5 million-metric-ton-per-year LNG train brings Sabine Pass' total production capacity to 27 million metric tons per year. The train is the company's ninth operating LNG unit, with six at Sabine Pass and three at its facility in Corpus Christi, Texas. In a press release, Cheniere Chief Executive Jack Fusco said, "With nine total trains across both the Sabine Pass and Corpus Christi projects, the Cheniere liquefaction platform is the second largest in the world." Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here for the detailed report on Train 6.
So, what's next for the U.S. LNG landscape? With the onset of the COVID-19 pandemic, many companies deferred projects as they waited to see how demand would shape up again in a changed world. The short answer: It's strong. U.S. shipments to Asia have regained steadiness, and in December and January, Europe was the top destination for U.S. LNG, accounting for about two-thirds of U.S. exports, according to data from Refinitiv. The European LNG market has become politically charged as the West waits to see Russia's stance toward Ukraine. Europe gets about 35% of its natural gas from Russia.
Cheniere seems to have been one of those companies waiting to see LNG demand shaped up in the wake of COVID-19, particularly in regard to its Stage 3 liquefaction facility in Corpus Christi. The facility would include seven LNG production trains to produce 9.5 million tons per year. In December last year, Cheniere asked the U.S. Federal Energy Regulatory Commission (FERC) to extend the amount of time it has to build the new plant. When FERC originally approved construction of Stage 3 in November 2019, it gave Cheniere five years, or until around November 2024, to complete the project. In December, Cheniere asked for an extension for the amount of time it has to put Stage 3 in operation until June 2027.
However, in November 2021, Cheniere signed an agreement to sell between 0.4 million and 1.2 million tons per year of LNG to a unit of French energy company ENGIE (La Defense), which analysts said could help move the Stage 3 project to approval. Subscribers can click here for the detailed project report.
While Cheniere may be cooling its heels a bit between projects, other companies are stepping up to the plate, notably Venture Global LNG LLC (Arlington, Virginia). Venture Global is wrapping up commissioning at its Calcasieu Pass LNG export plant in Louisiana. The company is installing five blocks of two trains each to produce a total of 6 million metric tons per year for export. Subscribers can click here for the report.
Venture Global is expected to make a final investment decision this year on its Plaquemine project in Louisiana, which would produce about 10 million metric tons for export. If construction begins this year, it is expected to take about four years to complete. Subscribers can click here for the detailed report.
But Venture Global isn't stopping there. In December, the company announced plans to invest more than $10 billion to construct its proposed CP2 facility, which will be located next to its Calcasieu Pass plant. Subscribers can click here for the report.
Two other U.S. plants also could see some movement this year. Earlier this month, Tellurian Incorporated (Houston, Texas) Chief Executive Charif Souki said that the company planned to start construction of its Driftwood LNG project in Louisiana in April, as Tellurian has access to enough capital to handle the first year of plant construction. Subscribers can click here for the report.
Sempra Energy (NYSE:SRE) (San Diego, California) this year could reach a decision to construct another train at its Cameron facility in Hackberry, Louisiana. The facility has three liquefaction trains in operation, and a fourth train would add approximately 6 million metric tons per year of export capacity. Subscribers can click here for the project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
