World Oil (Bloomberg) – The U.S. has become the world’s biggest exporter of liquefied natural gas (LNG) for the first time, with 2023 shipments overtaking leading suppliers Australia and Qatar. The U.S. exported 91.2 million metric tons of LNG in 2023, a record for the country, according to data through Dec. 31 compiled by Bloomberg. The expanded output was due
CNBC Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won’t be back up and running anytime soon. ″[C]ompletion of all necessary repairs and a return to full plant operations is not expected until late 2022,” the company said Tuesday in a statement. The facility, located in Quintana Island,
By Tyler Losier, Energy Reporter, Oil & Gas 360 Facility will be able to produce a total of 2.2 Bcf per day upon completion Train 1 of the Freeport LNG project, located on Quintana Island in Freeport, Texas, has reached its final commissioning stage, including the introduction of feed gas into the liquefication facility. The project is being constructed by
Cheniere ships First LNG from Corpus Christi plant Cheniere Energy, Inc. (stock ticker: LNG) exported the first liquefied natural gas commissioning cargo from its Corpus Christi, Texas liquefaction facility this week. The export is the first from a greenfield liquefaction facility in the lower 48 states. Jack Fusco, Cheniere’s president and CEO pointed out that his company delivered the project
Freeport LNG Closes on $11 Billion in Financing for new Facility Freeport LNG Expansion, L.P. announced last week that it successfully closed on debt and equity financing commitments of approximately $11 billion in capital required for the development of the initial two trains of Freeport LNG’s natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. Commitments
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