Sempra announces Cameron LNG train to be offline for planned maintenance
The company announced on Wednesday that one of the liquefaction train?at Cameron LNG is currently 'offline' for planned maintenance. The Louisiana facility's natural gas deliveries fell about 700 million cubic foot per day from Monday levels on Wednesday, which indicates that one of the three LNG trains at the plant was not operating to full capacity. "Cameron LNG performs scheduled maintenance on one of its trains." Sempra said that although LNG production and flow will fluctuate, there won't be any interruptions to the service to our customers. According to LSEG data, the feedgas consumption of the plant was about 1.3 billion cubic foot per day on Wednesday.
LSEG data indicates that Sempra Cameron LNG has one liquefaction station offline.
According to LSEG, the natural gas deliveries at the Louisiana facility were well below normal levels on Wednesday. According to LSEG data, the feedgas consumption of the plant was?about 1.3 bcfd on 'Wednesday. This is down from the 2 bcfd that the facility?typically consumes if all three trains operate. This suggests that one train may be operating at reduced rates or offline. Sempra which owns Cameron LNG did not respond immediately to a comment request. Cameron LNG is located in Hackberry (Louisiana) and has a three-train facility that can export 13.5 millions metric tons per annum. Sempra Infrastructure holds a 50.2%'stake 'in the project.
Caturus to nearly double export capability of Commonwealth LNG project
Brian Cain, the chief corporate affairs officer of Caturus, said Tuesday that it will almost double its export capacity for its Commonwealth LNG project, located in Cameron Parish in Louisiana. Cain spoke at a G20 Ministerial Event in Houston. He said that the expansion would include five new liquefaction trains. This will increase peak production to 17.25 metric tons annually from 9.5 mtpa initially planned. This is the first fully integrated LNG project in the U.S. to combine natural gas production with LNG processing facilities. The majority of U.S.
Trump calls the UK's next expected PM 'extremely Liberal'
U.S. president Donald Trump said that he knew 'little' about Andy Burnham who is expected to be the next British prime minister. He described him as "mayor of "a town", "extremely Liberal" and someone 'who wouldn't likely open up the North Sea for more oil drilling. In remarks late on Wednesday the U.S. president reiterated his belief that Keir?Starmer should have allowed more oil drilling in the North?Sea, but he refrained from some of his harsher criticisms of British Prime Minister David Cameron. Starmer announced his resignation on Monday, following the pressure of low poll ratings and bad local election results.
Caturus will start construction on a major US LNG plant after receiving $9.75 billion
Mubadala Energy announced on Friday that Caturus, a U.S. company, has given the green light to build a huge liquified natural gas (LNG), facility in Cameron Parish, Louisiana, after raising $9.75 billion for its construction. Mubadala Energy is an Abu Dhabi sovereign wealth fund that holds a 24,1% stake in?Caturus. It was also a participant in financing the project. Kimmeridge, an energy?investor, and Canada Pension Plan Investment Board CPP Investments also contributed?funding to the plant. The latter contributed $1.2 billion while increasing its stake in Caturus from 29% to 31%.
EUROPE GAS-Dutch prices fall tracking U.S. futures
Dutch wholesale gas prices fell on Wednesday morning, as U.S. Natural Gas Futures fell. Demand and supply forecasts in north-west Europe were stable. LSEG data revealed that the benchmark European gas contract - the front-month Dutch contract on TTF hub - was?down 1.67 euros to 37.95 euros for a megawatt hour (MWh), which is $11.03/mmBtu, at 0908 GMT. The contract for March fell by 1,54 euros, to 36.26 Euro/MWh. Prices continued to decline after Tuesday's partial recovery of feedgas for the Sabine Pass terminal (LNG). This was after the drop in U.S. Natural Gas Futures. The United States has been the largest LNG supplier to Europe.
Musk's Davos debut: US tariffs are a problem for solar power
Elon Musk made his Davos debut at the last minute on Thursday. He criticized U.S. Solar Tariffs, set aggressive Tesla targets, such as humanoid robot sales next year, and hinted that European approval of self-driving technology would be within weeks. Larry Fink, interim co-chair of the World Economic Forum, interviewed the richest man in the world after he had described the annual meeting for years as being elitist and unaccountable, and detached from the ordinary people. BlackRock's CEO expressed admiration for Musk as the discussion began. The topics included the future of robots…
Saudi Aramco signs long-term supply agreement with Commonwealth LNG
Three people with knowledge of the deal say that 'Saudi Aramco signed a contract with Commonwealth LNG for the U.S. LNG company to supply 1 million metric tons per annum. Saudi Aramco has the option to double its volume up to 2 mtpa. Saudi Aramco aims to be a major player in the liquefied gas industry, particularly in the United States, where capacity for LNG is expected to double within four years. It has signed agreements with other U.S. companies, including NextDecade's Rio Grande LNG Project. Commonwealth?LNG, and Saudi Aramco did not respond to our request for comment.
US Natural Gas Futures Rise Alongside LNG Export Demand
U.S. natural gas futures rose 4% on Tuesday, boosted by record gas flows to liquefied natural gas export plants and forecasts for more demand than previously expected over the next two weeks.Front-month gas futures for January delivery on the New York Mercantile Exchange rose 15.3 cents, or 4%, at $4.105 per million British thermal units by 08:59 AM ET. Priced ended 0.5% lower on Monday. "The demand for LNG is very strong and they're keeping those numbers near record high. So, that's definitely supporting the market right now," said Phil Flynn, senior analyst for Price Futures Group.Average gas flows to the eight large U.S.
Saudi Aramco to Sign US LNG Supply Agreements
Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters.The world's largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas player, especially in the United States, where LNG capacity is set to almost double over the next four years. It has already signed deals with other U.S. players, including NextDecade's Rio Grande LNG.The firm targets 20 million tons per annum (mtpa) of LNG capacity…
Saudi Aramco will sign US LNG contracts during the crown prince's Washington visit, sources say
Saudi Aramco will sign two U.S. LNG supply agreements with Woodside Energy & Commonwealth LNG next week when Saudi Arabian Crown Prince Mohammed bin Salman is in Washington, according to sources with knowledge of the situation. Saudi Aramco wants to be a major player in liquefied gas, particularly in the United States where the LNG capacity will almost double within the next four-years. It has signed agreements with other U.S. companies, such as NextDecade Rio Grande LNG. Aramco's CEO and President Amin Nasser told analysts on a conference call in August that the company aims to produce 20 million tonnes of LNG per year (mtpa), with 4.5 millions tons already in production.
Shell and Total raise concerns about the timing of a new global LNG supply
Shell and TotalEnergies are the two world's largest LNG traders. They said that the timing of the new LNG projects around the globe is still in flux. This could lead to uncertainty regarding long-term supplies. The construction costs of new LNG projects have increased due to rising tariffs. U.S. LNG suppliers are attempting to renegotiate contracts to cover these costs. Some large LNG projects, such as those in Mozambique, are also being delayed because of security concerns. "Supply Growth on the Horizon and these Timings are Uncertain" Shell CFO Sinead Gorman said on a press call that she had seen these moves quite a number of times in the past.
Commonwealth LNG wants to extend the time for building a planned export facility in Louisiana
A regulatory document indicates that Commonwealth LNG asked federal regulators to extend the construction period and start shipping of liquefied gas from an export facility proposed in Cameron Parish, Louisiana by four years. Commonwealth wrote to the Federal Energy Regulatory Commission to explain that the extension was necessary due to a pause in approvals implemented by the former U.S. president Joe Biden. The company, which has been a part of the President Donald Trump administration since this year when he lifted the freeze, says it can't meet the current deadline of November 2027. They want it extended until December 2031.
Commonwealth LNG wants to extend the time for building a planned export facility in Louisiana
A regulatory document shows that Commonwealth LNG asked federal regulators to extend the time period by four years for construction and export of liquefied gas from an export facility proposed in Cameron Parish, Louisiana. Commonwealth wrote to the Federal Energy Regulatory Commission to explain that the extension was necessary due to a pause in approvals implemented by the former U.S. president Joe Biden, last year. Although President Donald Trump lifted this freeze earlier in the year, Commonwealth said that it could not meet the current deadline of November 20,27 and wanted it extended until December 2031.
EQT Corp. signs 20-year LNG contract with Commonwealth LNG Louisiana facility
The companies announced on Monday that the U.S. energy company EQT Corp would purchase 1 million tonnes of liquefied gas per year (mtpa), from Commonwealth LNG’s planned export facility on the Gulf Coast, near Cameron, Louisiana. EQT will purchase the LNG at a fixed price indexed by Henry Hub, and market and optimize their cargos on an international level. The company stated that the additional export capacity would allow EQT's domestic direct-to customer strategy to be expanded into global energy markets. Commonwealth LNG has been in the news this week. The U.S.
US Natural Gas Prices Drop 4% on Record Output
U.S. natural gas futures fell about 4% to a nine-month low on Tuesday on near-record output, ample fuel in stockpiles and forecasts for less hot weather and lower demand through early September than previously expected.Another factor weighing on gas prices was a decline in the amount of gas flowing to liquefied natural gas export plants due to small reductions at several facilities.Front-month gas futures for September delivery on the New York Mercantile Exchange fell 10.8 cents, or 3.7%, to $2.782 per million British thermal units, putting the…
Demand at Two Top US LNG Plants Declines
Two of the United States' largest liquefied natural gas export plants recorded major declines in demand for natural gas on Monday, suggesting parts of their facilities might be down, according to data from financial firm LSEG.Cheniere's Sabine Pass export facility in Texas, which utilizes up to 4.5 billion cubic feet of natural gas per day, was down to 3.7 bcf, and Sempra's Cameron LNG plant in Louisiana, which processes 2 bcfd, was down to 1.3 bcf, according to LSEG data.Cheniere declined to comment, while Sempra did not immediately respond to a request for comment.Sabine Pass is the United States' largest LNG plant and Cameron the fourth largest.
Technip Energys selected by Commonwealth LNG for US LNG Project
Commonwealth LNG, a U.S. company, announced on Monday that it had selected Technip Energies, a French firm, to provide Engineering, Procurement, and Construction (EPC) for its 9.5 million tonne per annum (mtpa), LNG facility located in Cameron Parish, Louisiana. The United States is a major LNG exporter. The country's export capacity could triple by 2030 based on the projects that are currently under construction or those that will receive financial approval in 2019. Cameron Parish is expected to make a final decision on investment in the second half 2025. LNG production will begin in 2029.
Saudi Aramco Discusses LNG Purchase to Support Commonwealth LNG's Market Growth
Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's proposed facility in Cameron, Louisiana, as it seeks to strengthen its position in the market for the superchilled fuel, four people told Reuters on Wednesday.The talks are for 2 million tons per annum (mtpa), two of the people said.Aramco and Commonwealth LNG did not immediately respond to Reuters requests for comment.If a deal is struck, it will bring Commonwealth LNG closer to the 8 mtpa it plans to sell out of the plant's capacity of 9.5 mtpa.
Sources: Saudi Aramco and Commonwealth LNG in negotiations for an offtake agreement
Four people said that Saudi Aramco, the oil giant, is in discussions with Commonwealth LNG about buying liquefied gas from its proposed Cameron, Louisiana facility. The company wants to improve its market position for super-cooled fuel. Two people confirmed that the talks concern 2 million tonnes per annum. Aramco and Commonwealth LNG didn't immediately respond to comments. If a deal can be reached, Commonwealth LNG will get closer to its goal of selling 8 mtpa of the 9.5 mtpa capacity of the plant. The company currently has four mtpa of signed agreements for sales and purchases, as well as one non-binding heads agreement for 1 mtpa.