• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 7 days e-truck insanity
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 7 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 10 days Bankruptcy in the Industry

TotalEnergies To Boost LNG Capacity At Louisiana Project

TotalEnergies plans to raise the production capacity of the Cameron LNG plant in Louisiana in the United States, the French supermajor said on Monday, as the U.S. is looking to boost LNG shipments to Europe to help it reduce dependence on Russian gas.

Under a recent heads of agreement signed with the other partners in the Cameron LNG project, TotalEnergies will expand the plant with a fourth production train with a production capacity of 6.75 million metric tons per annum (Mtpa). This would be a 5-percent increase of the current 13.5 Mtpa first three trains through debottlenecking.

Cameron LNG is jointly owned by Sempra Infrastructure (50.2 percent), TotalEnergies (16.6 percent), Mitsui & Co., Ltd. (16.6 percent), and Japan LNG Investment (16.6 percent).

Under the terms of the deal, TotalEnergies will offtake 16.6 percent of the projected fourth train’s production capacity and 25 percent of the projected debottlenecked capacity.

TotalEnergies, the world’s leading exporter of U.S. LNG as of 2021, is the second-largest LNG trader in the world, with a market share of around 10 percent, the company says.

The French major also announced today that Cameron LNG advances the development of this project with the selection of two contractors to conduct a competitive Front End Engineering Design (FEED) in view of the selection of the Engineering, Procurement and Construction (EPC) contractor.

Development of the Cameron LNG expansion project remains subject to definitive agreements, obtaining the necessary permits, and all partners reaching a final investment decision planned for 2023.

At the end of last month, a month after the Russian invasion of Ukraine, the European Union and the United States announced a deal for more U.S. liquefied natural gas exports to the EU as the latter seeks to replace Russian supplies, on which it is dependent.

ADVERTISEMENT

According to the terms of the deal, the United States will deliver at least 15 billion cubic meters of liquefied natural gas to the EU this year more than previously planned, the White House said in a fact sheet

By Tsvetana Paraskova for Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News