• 4 minutes 5 Tweets That Change The World?
  • 7 minutes Trump Tariffs NOT China's Biggest concern. Chinese Shadow Banking Bigger. What is Shadow Banking You Ask ?
  • 11 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 15 minutes Glory to Hong Kong
  • 56 mins National Geographic Warns Billions Face Shortages Of Food And Clean Water Over Next 30 Years
  • 6 hours Trump will capitulate on the trade war
  • 20 mins PETROLEUM for humanity 
  • 6 hours USA pulls troops from Syria
  • 52 mins Scientists Endorse Mass Civil Disobedience To Force Climate Action
  • 2 hours KURDS LEFT HIGH AND DRY TO DIE?
  • 5 hours Hong Kong Protests Still Going Despite Their ''Love'' Of China? Weird ...
  • 2 hours Communist China Following Nazi Germany's Playbook
  • 1 hour Iranian Oil Tanker struck by missiles off Jeddah
  • 9 hours Oilfield Layoffs
  • 17 hours DING DING DING DING DING DING DING DING DING DING DING DING DING DING DING DING DING
  • 50 mins Hundreds of law suits, protests: Greta may show her angry face there? US Opens Up California Land for Oil, Gas Leasing
  • 5 hours How The US Quietly Lost The 1st Amendment
  • 2 hours A Week Of Absurd Stories From Round The World
Iran's 3-Part Plan To Outsmart Sanctions

Iran's 3-Part Plan To Outsmart Sanctions

Iran’s priority in continuing to…

Russia’s Oil Giants Are Addicted To Tax Breaks

Russia’s Oil Giants Are Addicted To Tax Breaks

The Kremlin’s push to move…

Freeport LNG May Be Ready To Start Exporting

LNG tanker

The Freeport LNG plant in Texas may soon be ready to start loading its first LNG cargo, S&P Global Platts reports, after data from its trade flow software cFlow showed an empty LNG tanker en route to the facility.

When approached for a comment, a spokeswoman for Freeport LNG declined to provide any, citing confidentiality concerns. The spokeswoman did say, however, that production at the plant would begin soon.

Freeport LNG is slated to have a nameplate export capacity of 13.9 million tons of LNG eventually and the start of commercial production was scheduled for this September. If the facility begins operating ahead of schedule it will be a rare occurrence in an industry ridden with delays and cost overruns.

The project was not spared its share of delays: feeding gas into the first liquefaction train began several months later than originally planned, pushing back the start of operation of the train, initially scheduled to launch in the final quarter of 2018.

Freeport received the go-ahead from the Department of Energy to start exporting LNG in September last year beginning in September this year. At the time, Freeport LNG said it had already secured one long-term export deal with a U.S. division of Japan’s Sumitomo Corp for the delivery of 2.2 million tons of liquefied natural gas annually over a 20-year period.

Freeport LNG also sealed long-term offtake deals with Osaka Gas, Chubu Electric, BP, Total, and SK E&S. The first two deals re for 2.2 million tons annually each, while the deal with BPO will see the supermajor lift 4.4 million tons of LNG from Freeport’s second train. Total and South Korea’s SK E&S will divide between themselves another 4.4 million tons, to be produced from train 3.

The second train of the facility should be commissioned in January 2020, again with a delay, and the third train’s launch has been pushed forward to May 2020.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play