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Released January 29, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info has identified at least five advanced projects that are likely to be impacted by the Biden administration's pause of its review of pending liquefied natural gas (LNG) export projects in order to assess their impact on climate change. The move would not affect operating or already-permitted projects, administration officials said.
"My Administration is announcing today a temporary pause on pending decisions of Liquefied Natural Gas exports--with the exception of unanticipated and immediate national security emergencies," the president said in a statement posted to the White House press office on Friday. "During this period, we will take a hard look at the impacts of LNG exports on energy costs, America's energy security, and our environment. This pause on new LNG approvals sees the climate crisis for what it is: the existential threat of our time."
For more information, see January 26, 2024 article - Biden Administration Pauses its Review of Permits for Proposed LNG Export Terminals.
Projects identified as being potentially impacted by the move include three that already have been approved by the Federal Energy Regulatory Commission (FERC) but are awaiting approval by the Department of Energy (DOE). These include Sempra Energy's (NYSE:SRE) (San Diego, California) Port Arthur II LNG train 3 and 4 project in Texas, which is set for kickoff in 2025; Energy Transfer's (NYSE:ET) (Dallas, Texas) Lake Charles LNG trains 1 through 3 in Louisiana, set for kickoff this year, and Commonwealth LNG LLC's (Houston, Texas) trains 1 through in Louisiana, also set for kickoff this year.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can see the reports on Sempra Energy's Train #3 and Train #4 projects; see for the reports on the Energy Transfer's Train #1, Train #2 and Train #3 projects, and click here for the Commonwealth LNG project reports.
Two other projects that could be affected are those with FERC approvals still pending. These include Cheniere Energy Incorporated's (NYSE:LNG) (Houston, Texas) Stage III Expansion, trains 8 and 9, in Corpus Christi, Texas, which are planned for kickoff this year; and Venture Global LNG's (Arlington, Virginia), trains 1-18, in Louisiana, also with a planned 2024 kickoff. GMI subscribers can click here for the reports on Cheniere's Stage III projects, and click here for reports on Venture Global's CP2 project.
At 20 million tons per year, the CP2 project is the largest in terms of LNG capacity. The potentially affected projects have a combined LNG production capacity of nearly 62 million tons per year.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
"My Administration is announcing today a temporary pause on pending decisions of Liquefied Natural Gas exports--with the exception of unanticipated and immediate national security emergencies," the president said in a statement posted to the White House press office on Friday. "During this period, we will take a hard look at the impacts of LNG exports on energy costs, America's energy security, and our environment. This pause on new LNG approvals sees the climate crisis for what it is: the existential threat of our time."
For more information, see January 26, 2024 article - Biden Administration Pauses its Review of Permits for Proposed LNG Export Terminals.
Projects identified as being potentially impacted by the move include three that already have been approved by the Federal Energy Regulatory Commission (FERC) but are awaiting approval by the Department of Energy (DOE). These include Sempra Energy's (NYSE:SRE) (San Diego, California) Port Arthur II LNG train 3 and 4 project in Texas, which is set for kickoff in 2025; Energy Transfer's (NYSE:ET) (Dallas, Texas) Lake Charles LNG trains 1 through 3 in Louisiana, set for kickoff this year, and Commonwealth LNG LLC's (Houston, Texas) trains 1 through in Louisiana, also set for kickoff this year.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can see the reports on Sempra Energy's Train #3 and Train #4 projects; see for the reports on the Energy Transfer's Train #1, Train #2 and Train #3 projects, and click here for the Commonwealth LNG project reports.
Two other projects that could be affected are those with FERC approvals still pending. These include Cheniere Energy Incorporated's (NYSE:LNG) (Houston, Texas) Stage III Expansion, trains 8 and 9, in Corpus Christi, Texas, which are planned for kickoff this year; and Venture Global LNG's (Arlington, Virginia), trains 1-18, in Louisiana, also with a planned 2024 kickoff. GMI subscribers can click here for the reports on Cheniere's Stage III projects, and click here for reports on Venture Global's CP2 project.
At 20 million tons per year, the CP2 project is the largest in terms of LNG capacity. The potentially affected projects have a combined LNG production capacity of nearly 62 million tons per year.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
