However, the firm had to stop these activities on August 27 as Hurricane Ida approached the Louisiana coast west of the site. Work consisted of improving the existing driveway, installing the silt fence perimeter, and site mowing, according to the report dated September 7.

“Plaquemines LNG began construction on the terminal site on August 18, 2021,” Venture Global LNG’s unit and the developer of the plant said in its monthly construction report sent to US regulators. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).US firm Venture Global LNG said it has started works to prepare the construction site for its planned Plaquemines LNG project in Louisiana. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Two trains, meanwhile, are already under construction at Port Arthur, where construction should be completed by 2027. Beyond that, a three-train facility at Golden Pass in Texas should be online by 2025, as will both phases of the Plaquemines terminal in Louisiana. Several more trains are expected to come online from the Calcasieu Pass terminal by September. From 2022 to 2023, federal data show an expected 14% increase in liquefaction capacity to 12.1 Bcf/d, but the expansion slows to 5% between now and 2024, when capacity reaches 12.7 Bcf/d.īut the capital flows suggest the pace will pick up. Over the short-term horizon, LNG export capacity expands at an incremental pace. totaled $18.2 billion last year and Industrial Info data show nothing moving in investments during 2021. The momentum for LNG is apparent in capital flows. has helped fill the void left in Europe by sanctions targeting Russia oil and natural gas, robbing the Kremlin of revenue it needs to fill its war chest. That compares to just 39.1 Bcf during the comparable week in 2019, to discount both the pandemic and the war in Ukraine. export terminals during the seven-day period ending June 21, carrying a combined 82 billion cubic feet (Bcf) of gas in the liquid form.

with two projects already obtaining FID approval, namely Sempra's Port Arthur rated at 6.6 million tonnes per annum and Venture Global's Plaquemines Phase II rated at 13.5 million tonnes per annum,' said Gordon Gorrie, IIR's vice president of oil and gas research, during Industrial Info's North American Mid-Year Industrial Market Outlook on June 21.įederal data show 22 vessels laden with LNG left U.S. 'We are off to a good start here in the U.S. The next closest is Qatar, with an expected $15 billion in potential FIDs by next year. For related information, see May 5, 2023, article - Cheniere Outlines Growth Projects, Scores Big First-Quarter Profit.Ĭounting expansions to Sabine Pass, Industrial Info finds there are $27.5 billion worth of FIDs that are either upcoming or awaiting approval between now and 2024. Plans for another train would boost that capacity to 5.32 Bcf/d. Both agreements, Cheniere said, would support planned expansions to its Sabine Pass export terminal in Cameron Parish, Louisiana.Ĭheniere has six trains running now with a combined capacity of 4.56 billion cubic feet per day (Bcf/d) in peak nameplate capacity. That followed a similar agreement reached last week with Norwegian energy major Equinor ( NYSE:EQNR) (Stavanger, Norway). The company on Monday signed a 20-year sale and purchase agreement with a division of China's ENN Natural Gas Company Ltd.

It's been a busy month for Cheniere Energy Incorporated ( NYSE:LNG) (Houston, Texas), among the lead exporters of U.S.-sourced LNG. already is a global leader in exports of liquefied natural gas (LNG), supporting global energy security, and there could be even more potential given the billions of dollars expected from final investment decisions (FIDs), according to research by Industrial Info. SUGAR LAND, Texas-(BUSINESS WIRE)-Researched by Industrial Info Resources-The U.S.

Venture global lng plaquemine la