McDermott International Inc. and joint venture partner Chiyoda International Partner have started producing LNG from the second liquefaction train of the Cameron LNG project in Louisiana, a news release said.
“This accomplishment is attributable to the entire team’s unwavering commitment to project delivery and steadfast focus on safety and quality performance as we work toward completion of Train 2,” Mark Coscio, McDermott’s senior vice president for North, Central and South America, said in the release. “We are confident their hard work and focus will continue through the remainder of the project.”
The train is one of three included in the first phase of the project, which will enable the export of about 12 million tonnes per annum of LNG, or about 1.7 billion cubic feet per day. The first train started commercial operations in August, while the second and third trains are expected to begin commercial operations under Cameron LNG’s tolling agreements in first- and third-quarter 2020, respectively, according to Sempra Energy, one of Cameron LNG’s owners.
The export facility is located in Hackberry, La. Cameron LNG is jointly owned by affiliates of Sempra LNG, Total, Mitsui & Co., Ltd., and Japan LNG Investment, which is jointly owned by Mitsubishi Corp. and Nippon Yusen Kabushiki Kaisha. Sempra Energy indirectly owns 50.2% of Cameron LNG.
EagleClaw Midstream said it is the first major gathering and processing company in the Permian Basin to procure 100% of its power for operations from renewable energy sources.
Colgate Energy priced the offering of $500 million new senior unsecured notes due 2029, increased from the originally proposed $400 million, at par.
Much as the current market for oil and gas assets functions today at a relatively lower level than in recent years, the trading of private equity energy investments in the $60 billion secondary market is “logjammed.”