LNG
The offshore Mauritania and Senegal project’s initial phase will deliver around 2.4 mtpa of LNG once fully commissioned.
The French major will supply the Caribbean country with LNG supplies while agreeing to take supplies from future Texas project.
Stonepeak will pay $5.7 billion for 40% interest in the project due for FID later this year.
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A series of new liquefaction projects along the US Gulf Coast is cutting through industry headwinds and moving toward final investment decisions. -
The $1.8-billion project will add crucial gas supplies to fuel Trinidad and Tobago's LNG export capabilities.
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The contract was awarded by Bechtel to Baker Hughes for project's key liquefaction systems.
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With mobilization in China normalizing, new Wood Mackenzie analysis expects the country to account for almost 40% of global growth in oil demand this year.
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Port Arthur LNG is expected to handle 13 mtpa of liquefied natural gas, with first LNG cargoes expected in 2027.
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Plaquemines Phase 2 is the first project to take FID in 2023 and is expected to be the next new LNG capacity in North America.
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More than 2.0 mtpa of LNG to come from Plaquemines LNG and CP2 LNG facilities.
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Record prices and the need for energy security are driving US LNG market momentum.
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The company has tapped Bechtel to complete the front-end engineering and design study of the expansion, which would add 20 mtpa of LNG production capacity.
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The Texas coast LNG terminal had been idled since a fire damaged a portion of the facility in June.
