Venture Global LNG Inc. has successfully received the first two liquefaction trains at the company’s Calcasieu Pass LNG export facility in Cameron Parish, Louisiana, the company said on Nov. 10.
The delivery of the highly optimized 0.6 MTPA LNG trains, fabricated in factories, less than 15 months after the project’s final investment decision represents not only a major project milestone but also a step-change in LNG construction.
The two midscale, modular liquefaction trains and mixed refrigerant compressor skids were shipped to Louisiana from Baker Hughes’s manufacturing facility in Avenza, Italy more than two months ahead of the contractual delivery date. Each train, delivered complete and ready to install, was successfully unloaded, transported onto the Calcasieu Pass site and positioned on its foundations in less than a day. The first and second of the project’s eighteen identical trains will now be connected to their respective Chart brazed aluminum heat exchangers, or cold boxes, eight of which are already installed on site.
“Venture Global LNG is proud to demonstrate continued execution of the strategy we pioneered,” Mike Sabel, executive co-chairman and CEO, said. “Our factory-fabricated, modular liquefaction trains enable us to deliver the fastest construction schedule in the LNG industry while driving dramatic risk reductions across the entire project. We look forward to the successful delivery of Calcasieu Pass trains three through 18 and then 36 identical trains for Plaquemines LNG.”
The Scoop and Stack plays are still in the money but only with improved well spacing and effective management of frac-driven interactions.
Energy scholar Robert Bryce offers an unabashed view of the shale revolution, climate change and the future of energy. Spoiler alert: don’t expect oil and gas to disappear anytime soon.
Unconventional rig count is up 16 units this year, or 2.5%, though activity still remains flat when compared to the 4Q19 average. Last week’s tally fell three rigs to 649 on the basis of modest declines in the Eagle Ford and Permian. Some rebalancing is underway this year with modest recoveries in the Midcontinent after last year’s precipitous two thirds decline in activity. With oil prices now below $50 it appears the 1Q20 average may come in flat with compared to activity levels in the final quarter of 2019.