By Harry R. Weber and Tim Loh (Bloomberg) -- Charif Souki is doubling down on liquefied natural gas. Two months after the outspoken founder and chief executive officer of Cheniere Energy Inc. was removed from the company, Souki’s teaming up with former BG Group Plc executive Martin Houston to start an LNG company that Souki says can beat Cheniere at its own game. Their … [Read more...]
First Sabine Pass LNG Export Delayed to Late February or March
Christine Buurma and Harry R. Weber (Bloomberg) -- Cheniere Energy Inc. said its first cargo of liquefied natural gas from its new Louisiana export terminal will be delayed by as much as two months because of faulty wiring. The Houston-based company said it now plans to ship its first LNG cargo from Sabine Pass in late February or March, missing its previous estimate of the … [Read more...]
Cheniere Unsure If First U.S. LNG Will Be Shipped This Year
By Anna Shiryaevskaya (Bloomberg) -- Cheniere Energy Inc. is unsure if it will ship first cargo of liquefied natural gas from the lower 48 U.S. states this quarter or early next year, Chief Executive Officer Charif Souki said, signaling that the company could miss its original 2015 target. The Sabine Pass terminal in Louisiana, which will have six production … [Read more...]
U.S. To Change The Global LNG Market Forever
By Anna Shiryaevskaya and Isis Almeida (Bloomberg) -- The U.S. is about to change the global LNG market forever. When the first tanker carrying liquefied natural gas from shale fields leaves the Sabine Pass terminal in Louisiana in December, it will turn consumers into traders with more bargaining power. That will transform a market dominated by long-term contracts into one … [Read more...]
Cheniere Makes FID For Corpus Christi Natural Gas Liquefaction Facility
Cheniere Energy announced today it has made a Final Investment Decision (FID) to begin construction of the first two natural gas liquefaction trains at its Corpus Christi Liquefaction (CCL) Project. Bechtel has been selected at the primary engineering, procurement and construction (EPC) contractor for the $11.5 billion project which includes the first two trains, two LNG … [Read more...]
U.S. Gas Boom Turns Global as LNG Exports to Shake Up Market
By Christine Buurma and Chou Hui Hong Oct. 1 (Bloomberg) -- The U.S. natural gas boom is poised to go global as the government approves projects that will export the fuel to buyers from Tokyo to New Delhi. Dominion Resources Inc.’s Cove Point terminal in Maryland won authorization Sept. 29 from the U.S. Federal Energy Regulatory Commission to ship liquefied natural gas … [Read more...]
Cheniere Signs 20-Year LNG Sale and Purchase Agreement with Iberdrola
Cheniere Energy announced today that its subsidiary, Corpus Christi Liquefaction has entered into a 20-year sale and purchase agreement (SPA) for approximately 0.4 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to Spanish energy firm Iberdrola, S.A. The company notes volumes will increase to 0.8 mtpa when Train 2 is brought on line in 2019. The SPA includes a … [Read more...]