Articles tagged Port Arthur LNG

Weekly natural gas cash prices sank as former Hurricane Debby curbed demand in the East and West Texas prices sank deeper into the negative.

Construction of Sempra Infrastructure’s Energía Costa Azul (ECA) LNG Phase 1 in Mexico has hit a snag due to what the San Diego, CA-based company called labor and productivity challenges.

NO. 1: Feed gas nominations at Freeport LNG continued rising on Thursday along with power supply as the facility slowly ramps back up after it was shut down more than a week ago ahead of former Hurricane Beryl’s landfall.

As U.S. and Middle East LNG exporters appear poised to be the dominant long-term players in the global market, competition for Asian buyers willing to pay for the next wave of supply could be heating up.

State-owned Saudi Arabian Oil Co., better known as Aramco, confirmed Wednesday that it’s working to finalize an agreement to take a 25% equity stake in the second phase of Sempra Infrastructure’s Port Arthur LNG export project in Southeast Texas.

Utility Entergy Texas Inc. is forecasting the need to add 40% more generation capacity to its fleet to meet economic and population growth in southeast Texas.

Houston-based ConocoPhillips, the world’s largest independent producer, is moving to become even bigger in an estimated $22.5 billion all-stock takeover of crosstown rival Marathon Oil Corp.

State-owned Saudi Arabian Oil Co., better known as Aramco, is working to secure LNG supply contracts for global trading as it continues to build on a strategy aimed at moving into the world’s natural gas market. 

ConocoPhillips management confirmed Thursday that it may sell part of its 30% equity stake in the first 1.8 Bcf/d phase of Sempra Infrastructure’s Port Arthur LNG export plant under construction southeast of Houston. 

House Republicans are refining their arguments about the impact of the Department of Energy’s (DOE) pause on new LNG export permits, this time focusing on the Gulf Coast economies of Texas and Louisiana.