Freeport LNG Development LP
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Japan’s JERA Secures LNG Supply in $2.5 Billion Freeport Deal
Japan’s JERA Secures LNG Supply in $2.5 Billion Freeport Deal
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New Financings
Freeport LNG Development LP and Westbourne Capital jointly announced the…
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News
Gulf South Pipeline Cuts Gas to Freeport LNG's Texas Plant After Lightning Strike
The incident has slashed gas usage at Freeport LNG's plant, which can process up to 2.4 Bcf/d of gas, to 450 MMcf/d from previous expectations of almost 1.8 Bcf/d, according to LSEG data.
Freeport LNG’s Texas Plant Back in Production Post Winter Disruption
Winter Storm Enzo knocked out the Quintana Island plant’s electrical supply on Jan. 21.
Winter Storm Snarls Gulf Coast LNG Traffic, Boosts NatGas Use
A winter storm along the Gulf Coast had ERCOT under strain and ports waiting out freezing temperatures before reopening.
NatGas Prices Drop After Freeport LNG Train Shutdown
Freeport LNG’s report says one of three liquefication trains went offline due to an oil lube pump issue on Nov. 20.
IEA: North America to Lead LNG Supply Growth in 2025
U.S. LNG projects ranging from Plaquemines LNG Phase 1 to Corpus Christi Stage 3 are set to account for around three-quarters of the global incremental supply coming online in 2025, according to the Paris-based International Energy Agency (IEA).
Gulf Coast Midstream Sets Open Season for Natgas Storage Facility
Gulf Coast Midstream Partners, which aims to build the first salt cavern natural gas facility in the Houston area since 2008, will launch a non-binding open season on Oct. 1.
Analyst: Could Permian Gas Pipelines Fall Short of LNG Sweet Spot?
Permian Basin oil producers will be elated to see the Matterhorn Express and another planned pipeline move gas out of their way — but both will terminate east of the biggest LNG market in the world.
US Oil Firms Evacuate Staff, Cut Drilling Ahead of Storm Francine
Francine is moving toward U.S. Gulf of Mexico waters and predicted to become the fourth hurricane of the Atlantic season.
As NatGas Drops Below $2, Chesapeake is Prepared to Curtail Volumes Again
Chesapeake Energy, the No. 2 U.S. gas producer, reported it is prepared to curtail again in the fall if prices “weaken materially” as prompt-month gas prices hovered around $2/MMBtu on July 30.
Freeport LNG Parent Receives Junk-level Credit Score From Fitch
Credit-rating firm Fitch Ratings cited the 2 Bcf/d Texas plant’s frequent downtimes among the factors leading to lowering Freeport LNG Investments LLLP’s credit grade on July 25.
Freeport LNG’s Slow Restart Stokes Concern Over Supply Risk
The 15-mtpa Freeport LNG facility remains under the spotlight of the global market as it slowly resumes operations after pausing ahead of Hurricane Beryl’s arrival along the U.S. Gulf Coast.
Freeport LNG in Texas Resumes Exports as Gas Processing Ramps Up
Freeport LNG has resumed shipments after shutting operations ahead of Hurricane Beryl, with processing on track to reach about half its capacity on July 22
Post-Beryl: US LNG Exports Down While Tankers Await Freeport LNG’s Reopening
Partial restart on Freeport LNG is anticipated later this week. Meanwhile, the port itself remained closed July 15 to LNG tankers and others with drafts of more than 39 ft.
E&P Highlights: July 15, 2024
Here’s a roundup of the latest E&P headlines, including Freeport LNG’s restart after Hurricane Beryl and ADNOC’s deployment of AI-powered tech at its offshore fields.
Over 1 Million in Texas Without Power, Freeport LNG Restart Pending After Beryl
The slow restoration of power continues hindering some companies' efforts to quickly return operations to normal, especially around Freeport, one of Texas' largest energy hubs.