Freeport LNG
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Record prices and the need for energy security are driving US LNG market momentum.
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The Texas coast LNG terminal had been idled since a fire damaged a portion of the facility in June.
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State of Energy report also sees a widening role for natural gas due to robust global LNG demand.
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As the US bests Qatar and Australia for top LNG supplier, Europe is overtaking Asia as the top destination for US cargoes.
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A longer-than-expected repair period following the 8 June explosion could strand 2 Bcf/D of natural gas in the US.
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Companies join forces in carbon capture project near LNG facility.
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JERA Americas will receive just over a quarter stake in the LNG exporter for $2.5 billion.
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Initial production at Freeport LNG Train 3 is expected in the first quarter. The project’s final commissioning stage included feed gas.
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McDermott said the first cargo was a precursor to substantial completion of Train 2. The liquefaction unit began production on 6 December.
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Citing shipping data from Bloomberg Finance, the US EIA estimates that LNG exports set consecutive records in October and November 2019. Through the first 11 months of the year, US LNG exports have gone up 61% from their 2018 annual average.
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