US LNG news

Pointe LNG, LLC has mandated Whitehall & Company as its exclusive financial advisor with regards to its LNG export terminal project in Plaquemines Parish, LA.

McDermott and its joint venture partner, Chiyoda have announced that Train 3 of the Cameron LNG project in Louisiana, US, has begun producing LNG.

NextDecade Corp. has reported its 1Q20 results, in which it has announced that an FID on its Rio Grande LNG project is now expected in 2021.

Sempra LNG has announced that Cameron LNG has begun producing LNG from the third and final liquefaction train of its Phase 1 liquefaction-export project.

Rystad Energy has identified the LNG producers better positioned to curtail their output in response to the state of oversupply caused by the COVID-19 coronavirus pandemic.

The EXIM Board has unanimously approved amended financing of US exports to the Mozambique LNG project and support of more US jobs.

In light of the consequences of COVID-19 and global market volatility, the 23rd World Petroleum Congress has been postponed to 5 – 9 December 2021.

Asian LNG spot prices have recorded a jump of at least 20% in the last week, due to constricted supply amid recovering demand in Asia.

According to the latest Rystad Energy analysis, the US’ top gas basin for LNG exports could be set for a 20% output decline in a US$1.80 – US$1.90 Henry Hub scenario.

NextDecade has reaffirmed that it still intends to make an FID on its Rio Grande LNG export plant in 2020, in response to reports of a delay to the process.