American LNG Flying High on the Gulf

American LNG Flying High on the Gulf

Reese Energy Consulting today is studying the latest news from the Gulf Coast, where LNG producers, processors, and ports are busier than John Kerry writing a climate doomsday speech aboard a chartered flight. First up, Houston-based Cheniere Energy, which is developing its Stage III project to include seven midscale liquefaction trains producing 10 mtpa of LNG. The company now has inked a 15-year gas supply agreement with Tourmaline Oil Corp., the largest natural gas producer in Canada. Investment giant Global Infrastructure Partners is shopping for a buyer for the firm’s stake in Houston-based Freeport LNG. GIP paid $850 million for a 26% share in Freeport before the export terminal launched operations in 2019. The three-train plant off the Texas Gulf Coast produces 15 million mtpa of LNG. Houston-based Delfin LNG has requested a third extension to put into service onshore assets to support the company’s proposed floating LNG export project off the coast of La. If built, the project would mark the nation’s first FLNG export terminal. And finally, the Port of Corpus Christi shipped a record 80.5 million tons of cargo in the first half of 2021, largely due to a 72% year-over-year increase of LNG exports.

What do you think? Learn more about REC and our natural gas and LNG services at www.ReeseEnergyConsulting.com.

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Enable Gets a Green Light

Enable Gets a Green Light

Looks like it’s all systems go for construction on the proposed 135-mile Gulf Run Pipeline. Reese Energy Consulting today is following the latest news from Okla. City-based Enable Midstream, which has received a final FERC blessing on the $540 million natural gas project. Gulf Run will extend from northern La., to the Gulf Coast and run perpendicular to Enable’s 172-mile Line CP that currently moves gas supplies west to east. Modifications to the Line CP system will allow for bi-directional flow and delivery to Gulf Run. With a capacity of 1.7 BCFD, the new pipeline will enable access to gas supplies in the Mid-Continent, Haynesville, Marcellus, and Utica shales, and is backed by a 20-year commitment for 1.1 BCFD from anchor shipper Golden Pass LNG. Completion is slated for late 2022. Meanwhile, expansion of the Golden Pass terminal at Sabine Pass, Texas, is at full throttle with a finish line expected in 2024.

What do you think? Learn more about REC and our natural gas marketing and LNG expertise at www.ReeseEnergyConsulting.com.

Enable Midstream Partners

Enable Midstream owns, operates and develops strategically located energy infrastructure assets that serve as a critical link between major producing basins and downstream markets.

www.enablemidstream.com

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More Wait and See Ahead for Driftwood LNG

More Wait and See Ahead for Driftwood LNG

Houston-based Tellurian says it plans to wrap up commercial agreements in the next several weeks to support the first phase of construction on the proposed $16.8 billion Driftwood LNG export terminal. But the Lake Charles, La., project has its share of skeptics. Reese Energy Consulting today is studying the latest news from Tellurian, which reports the company is in talks with as many as five LNG buyers for volumes Tellurian will market independent of any private equity backing it’s still searching for. The only current deal in play is a 2019 agreement with Total for 1 million TPA of partner volumes and 1.5 million TPA of marketing volumes—but even that is a bit uncertain: If Tellurian doesn’t declare a FID by end of June, Total can wave bye-bye. Meanwhile, Tellurian says the Total agreement won’t go forward in its present form and will need to be amended. Phase I construction of Driftwood, slated for completion in 2025, would produce an initial 16.5 million TPA with expansions planned for a total of five trains and 27.6 million TPA of capacity.

What do you think? Learn more about REC and our natural gas and LNG services at www.ReeseEnergyConsulting.com.

Tellurian

Tellurian was founded in 2016 by two industry icons, Charif Souki and Martin Houston. Charif set in motion the first liquefied natural gas (LNG) exports from the United States Lower 48 and founded Cheniere Energy. Martin originated the concept of LNG destination flexibility, ensuring that LNG became a commodity.

www.tellurianinc.com

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