Twenty projects representing $292 billion face financing delays.
The U.S. Energy Department on July 6 approved the export of up to 1 Bcf/d of LNG from the proposed Jordan Cove terminal in Oregon, a move it said would ease U.S. sales of the fuel to Asian markets.
Analysis reveals a 20% output decline in a $1.80 to $1.90 Henry Hub scenario for the shale gas play.
Charif Souki said he remains “100% committed to Tellurian’s success” and is re-engaging to provide additional support as the Houston-based LNG company’s executive chairman.
A trade source said that close to 30 cargoes were likely canceled from Cheniere Energy's plants, Sabine Pass in Louisiana and Corpus Christi in Texas.
Analysts said it made sense for Chevron to sell its North West Shelf LNG stake now, after it failed to seal a deal to supply gas to the plant from its undeveloped Clio and Acme fields.