How big a story is Costa Azul? The story is now followed here and it is linked at the top of the sidebar at the right (note: the sidebar is dynamic).
When I first saw this story, I suggested it might be the biggest energy story of the year. It certainly must be the biggest LNG export story of the year.
RBN Energy must think so, too. It devoted a blog to Costa Azul today.
RBN Energy: Proximity drives Costa Azul LNG export project forward. Archived.
Closing midstream deals has been a bit of a challenge in 2020, to say the least. In fact, this has been a year when many projects have been sidelined or cancelled outright, with most decisions on even the best prospects getting pushed to next year. But it hasn’t been all bad news. In a few cases, assets with advantages have made it across the finish line, even in the land of liquefied natural gas (LNG) export projects. Despite this summer’s collapse in U.S. LNG exports, driven by a compression of the spreads in global gas prices, Sempra Energy recently announced that it is going ahead with Phase 1 at its Costa Azul liquefaction project in Mexico’s Baja California. How did they pull this off in such a tumultuous year? Well, Costa Azul isn’t your everyday LNG export project. Today, we detail the most recent U.S. LNG export project to receive a final investment decision (FID) to proceed.
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