Tuesday, April 7, 2020

Cheniere Energy Inc News

Cheniere Drops Lawsuit Against Tellurian Board Members

Tellurian Inc on Thursday said Cheniere Energy Inc has dismissed all claims against its Chairman Charif Souki and Vice Chairman Martin Houston.Cheniere Energy, the largest U.S.

Cheniere Seeks U.S. OK to Return Louisiana Sabine LNG Tank

Cheniere Energy Inc asked U.S. energy and safety regulators to approve a process that would allow the company to return to service a storage tank that leaked at its Sabine Pass liquefied natural gas (LNG) export plant in Louisiana:* Cheniere, the biggest U.S. LNG exporter, said in a filing earlier this week that its proposed process would prioritize work on one tank, known as S-101, and allow that tank to return to service in the near term.* The U.S.

Cheap LNG from Qatar Imperils N.American Projects

Cheniere's Sabine Pass LNG Terminal (CREDIT: Cheniere)

Proposed projects to export liquefied natural gas (LNG) from North America face an uphill battle against Qatar, which announced plans to further ramp up production to hold onto its position as the world's leading LNG exporter.The United States is on track to overtake Qatar and Australia as the top LNG exporter by 2024, but now will only hold that title for a few…

Flooding Disrupts U.S. Gulf Coast Energy Operations

Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut, according to sources familiar with operations.Torrential rain has inundated the Gulf Coast from Houston to western Louisiana for a second straight day. The National…

Cheniere Working on Sabine Pass Trains 3, 4

The cheniere Sabine Pass facility (CREDIT: Cheniere)

Cheniere Energy Inc said on Monday it is conducting previously scheduled turnarounds on Trains 3 and 4 at the Sabine Pass liquefied natural gas (LNG) export terminal in Louisiana as part of its maintenance plan for the facility.The company did not say when the units would likely return to service but noted "a good general guide for timing" was work on Sabine Trains…

Cheniere to build LA Sabine LNG Export Train

Cheniere's Sabine Pass export terminal. CREDIT: Cheniere

U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Monday it will build the sixth liquefaction train at its Sabine Pass LNG export terminal in Louisiana.Cheniere also said it expects to make a positive final investment decision as early as 2020 to add about 9.5 million tonnes per annum (MTPA) of additional liquefaction capacity at its Corpus Christi…

U.S. FERC Approves Two New LNG Export Terminals

Chenier's Sabine Pass LNG Facility (CREDIT: Cheniere)

The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved construction of two proposed liquefied natural gas (LNG) export terminals, Tellurian Inc's Driftwood in Louisiana and Sempra Energy's Port Arthur in Texas.Tellurian said in a release it planned to make a final investment decision on its $30 billion Driftwood project, which includes pipelines and production fields in addition to the liquefaction plant…

Kinder Morgan says Louisiana Natgas Pipe in Service for LNG Terminal

Photo courtesy of Kinder Morgan

U.S. energy company Kinder Morgan Inc told federal regulators on Tuesday that it put part of the Louisiana natural gas pipeline in Louisiana into service:* The $122 million pipeline is designed to deliver up to 0.6 billion cubic feet per day (bcfd) to Cheniere Energy Inc's Sabine Pass liquefied natural gas (LNG) export terminal in Louisiana as Cheniere adds a fifth…

Cheniere Inks 15-year LNG Sales Pact with Vitol

© Igor Groshev / Adobe Stock

Cheniere Energy Inc said on Monday that it signed a 15-year agreement to supply liquefied natural gas (LNG) to the world's largest oil trader, Vitol Inc.Cheniere said it will sell 700,000 tonnes of LNG every year to Vitol, starting 2018 and the purchase price will be pegged to the Henry Hub monthly average, plus a fee.The United States has become a major LNG exporter in the last two years…

Cheniere on Track to Finish 3 US LNG Trains in 2019

U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Thursday it remains on track to finish building three liquefaction trains in 2019 at its export terminals at Sabine Pass in Louisiana and Corpus Christie in Texas:* The company said in its second quarter earnings release that Sabine 5 and Corpus 1 are expected to enter service in the first half of 2019…

Icahn Cuts Stake in Cheniere

File Image: The Cheniere Sabine Pass facility (CREDIT: Cheniere)

Activist investor Carl Icahn has reduced his stake in energy company Cheniere Energy Inc to 9.5 percent, and said he was confident in the company's management and Chief Executive Officer Jack Fusco.   Icahn, still the biggest shareholder of the company, had disclosed a stake of 13.8 percent in Cheniere in December 2015.

Enbridge Starts Valley Crossing Natgas Pipe Work at Tex-Mex Border

Photo:: Enbridge Inc

Canadian energy company Enbridge Inc said it started construction of the offshore border crossing section of its $1.6 billion Valley Crossing natural gas pipeline between Texas and Mexico, according to a federal filing made available on Wednesday.The 168-mile (270-kilometer) Valley Crossing project is designed to carry up to 2.6 billion cubic feet per day (bcfd)…

US LNG Projects Buoyed by China Import Talks

© Igor Groshev / Adobe Stock

China's interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities.The White House and China on Saturday said a U.S. trade team would travel to China to explore new energy and agricultural deals. The joint communique lowered trade tensions…

Tokyo Gas Takes First LNG Cargo from Cove Point

© Dexter / MarineTraffic.com

Japan received its first shipment of liquefied natural gas (LNG) on Monday from Dominion Energy Inc's newly completed Cove Point export plant, the beginning of a jump in imports from the United States by the world's biggest buyer of the fuel.The docking of the tanker LNG Sakura at Tokyo Gas Co's Negishi terminal near Tokyo is another marker of shifting global energy…

North American Pipeline Operators Fold in Assets After New FERC Rules

© cec72/ Photo: Adobe Stock

Three large North American pipeline operators said on Thursday they would absorb their midstream assets after a U.S. energy regulator removed some tax benefits for master limited partnerships (MLP) in March.Enbridge Inc, Williams Cos and Cheniere Energy Inc all said they would buy out their MLP pipeline or storage assets in multi-billion dollar deals.An MLP is a limited partnership that is publicly traded and…

Cheniere Mulls Third Liquefaction Train at Corpus Christi

(File image: Cheniere Energy)

U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said it planned to make a final investment decision to build the third liquefaction train at its Corpus Christi LNG export facility in Texas in the first half of 2018:Cheniere said on Friday its Cheniere Corpus Christi Holdings LLC subsidiary engaged financial institutions to arrange up to $6.4 billion of credit facilities.

First Cove Point LNG Lifting Departs Maryland

File Image: CREDIT Dominion Energy

The first contractual liquefied natural gas (LNG) cargo from Dominion Energy Inc's newly constructed Cove Point LNG export plant in Maryland in the United States left the facility on Monday, Thomson Reuters Eikon ship tracking data showed. The cargo is expected to act as a drag on spot LNG prices <LNG-AS> as it coincides with the resumption of exports of the fuel from the Papua New Guinea LNG plant, which had been shut following a powerful earthquake.

US LNG Firms Lament Bad Timing of Tariffs, China Trade Spat

The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG, making it an important customer for U.S. producers. It is also a significant exporter of the steel components used in LNG plant construction.

Vessel Docks at Maryland Cove Point LNG Terminal

The Dominion Energy Cove Point Terminal. (CREDIT: Dominion Energy)

Gemmata could be the first vessel to pick up fuel from the facility since the tanker came from Spain - a non-LNG exporting country - with less than a full cargo, according to the shipping data. In addition to Gemmata, another vessel, the Methane Spirit, is also headed for Cove Point, according to the shipping data. Methane Spirit is located near Singapore and is expected to reach Cove Point around March 31.

Cheniere's LA Sabine Pass LNG Output Dips

File Image: Cheniere's Sabine Pass LNG Export facility (CREDIT: Cheniere)

The volume of gas flowing into the facility dropped from about 3.2 billion cubic feet per day on Wednesday to 2.8 bcfd on Thursday and a projected 1.5 bcfd on Friday, Reuters data showed. One bcfd is enough gas to fuel about five million U.S. homes. The plant had been operating near full capacity with about 3.2 bcfd of gas flowing in since mid-January when freezing water during a brutal cold snap forced the company to briefly reduce operations.