Freeport LNG Development has achieved regulatory approval to kick-start two trains at its three-train Quintana Island liquefaction plant, eight months after a fire shuttered the plant.
Chevron Corp. is boosting production and revenues in Venezuela, but its net take away will depend on the varied expenses it incurs getting the Venezuelan heavy oil to market.
Chevron has received and exported three Venezuelan oil cargos its refinery in Pascagoula, Miss., as well as Phillips 66 and Valero Energy so far this month.
Sempra Energy's Port Arthur plant in Texas, Energy Transfer LP's Lake Charles in Louisiana and NextDecade Corp.'s Rio Grande in Texas are all poised to move ahead.
Freeport LNG Development’s three-train Quintana Island liquefaction plant is expected to achieve a partial restart of its operations in February, according to Rystad Energy vice president Emily McClain.
If a partial ban on U.S. refined product exports goes ahead, the impact on balances and flows could result in higher and lower prices, depending on the region.
Despite the Freeport LNG facility exporting its first cargo since it shut down last year, U.S. natural gas futures still slipped by 7 cents to $2.444/MMBtu.
The BP-operated Kmarin Diamond was the first vessel to arrive at Freeport LNG since the plant shut down last year.
The Netherlands is still working to cut off its Russian LNG imports after Russia invaded Ukraine nearly a year ago.
"We are seeking an additional 0.75 to 1 mtpa on top of existing 8.5 mtpa contact," Petronet LNG CEO A.K. Singh said.