Freeport LNG
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Supermajor expands its global LNG footprint in a deal that will grow its presence in Asia and Europe.
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Record prices and the need for energy security are driving US LNG market momentum.
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The Texas coast LNG terminal had been idled since a fire damaged a portion of the facility in June.
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State of Energy report also sees a widening role for natural gas due to robust global LNG demand.
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As the US bests Qatar and Australia for top LNG supplier, Europe is overtaking Asia as the top destination for US cargoes.
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A longer-than-expected repair period following the 8 June explosion could strand 2 Bcf/D of natural gas in the US.
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Companies join forces in carbon capture project near LNG facility.
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JERA Americas will receive just over a quarter stake in the LNG exporter for $2.5 billion.
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Initial production at Freeport LNG Train 3 is expected in the first quarter. The project’s final commissioning stage included feed gas.
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McDermott said the first cargo was a precursor to substantial completion of Train 2. The liquefaction unit began production on 6 December.
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