The Award for Fastest Rebound in the U.S. Oil and Gas Industry goes to… LNG, of course. Export demand for American LNG hasn’t just risen as global economies shudder back to life; it’s back to smashing pre-COVID records with a sledgehammer. And while last year’s proposed greenfield projects may have sat in temporary timeout, they’re getting recharged in 2021. Reese Energy Consulting today is studying the latest announcements from three LNG export producers with terminal projects on the brain. One producer, however, will be scouting for a new site. Houston-based Texas LNG has signed a 50-year lease on 625 acres in the Port of Brownsville to build its 4 MTPA facility, bringing the project closer to a FID. Va.-based Venture Global, whose $4.5 billion, 10 MTPA Calcasieu Pass terminal in La., is currently under construction, wants to build another next door—this one with a nameplate capacity of 20 MTPA. On the other hand, Houston-based NextDecade is now back to house hunting for its second Texas terminal after determining Galveston Bay wasn’t a suitable site. We’ll keep you posted.
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