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Wednesday, June 22, 2022

Morning Shorts -- LNG -- June 22, 2022

Cheniere: FID on Corpus Christ State 3, link here;

  • 10+ million tonnes per annum
  • Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 mtpa of LNG in operation and an additional 10+ mtpa of expected production capacity under construction.
  • compar 55 mtpa with the large Qatar project now being planned

Sempra: signs 20-year supply HOA deal with UK's Ineos; link here.

  • to be delivered from either the proposed port Arthur LNG Phase 1 project, or
  • the Cameron LNG Phase 2 project

Trans Mountain pipeline: no longer profitable; link here;

  • net present value: a negative $500 million
  • based on delta between the pipeline's cash flow and its $3.4 billion purchase price

Flashback: some LNG links from along ago --

"Original comment here": 

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