Page 4 - NorthAmOil Week 49 2021

NorthAmOil COMMENTARY NorthAmOil

US heads for LNG dominance

The US is on course to have the world’s largest LNG export capacity

by the end of 2022, following the start-ups of Sabine Pass Train 6 and

Calcasieu Pass

US THE US is on course to have the world’s largest Reaching this level will put the US ahead of the
LNG export capacity by the end of next year. This current two leading LNG exporters, Australia
WHAT: comes as Cheniere Energy prepares to launch and Qatar, which have estimated peak capacities
The US will have the exports from Train 6 at Sabine Pass LNG while of 11.4 bcf per day and 10.4 bcf (295 mcm) per
world’s largest LNG Venture Global LNG works to bring its Calcasieu day respectively.
export capacity by the Pass terminal online. The US’ liquefaction capacity has further to
end of 2022. In an update this week, the US Energy Infor- grow beyond 2022, with one more project, Exx-
mation Administration (EIA) said that both the onMobil and QatarEnergy’s Golden Pass LNG,
WHY: first export cargo from Sabine Pass Train 6 and currently under construction. That facility is
Sabine Pass Train 6 and first LNG production at Calcasieu Pass were anticipated to come online in 2024, bringing
Calcasieu Pass LNG are anticipated before the end of 2021. Both facil- US LNG peak capacity to around 16.3 bcf (462
both set to come online in ities, located on the Louisiana Gulf Coast, are mcm) per day.
Louisiana soon. expected to be online before the end of 2022.
Making moves
WHAT NEXT: On the rise While this additional capacity is being brought
Calcasieu Pass developer The EIA estimates that as of November 2021, online, plans for more new projects still are also
Venture Global LNG is nominal US liquefaction capacity was 9.5bn moving forward. Notably, Venture Global said
pushing ahead with cubic feet (269mn cubic metres) per day, while last week that it had submitted an application to
plans to build three more peak capacity was 11.6 bcf (328 mcm) per day. FERC to build the CP2 LNG project. The com-
liquefaction projects. The peak capacity includes output upgrades to pany said it would invest more than $10bn into
Cheniere’s Sabine Pass and Corpus Christi LNG building the 20mn tonne per year (tpy) facility,
terminals, which the US Federal Energy Regula- which is its fourth LNG terminal planned for
tory Commission (FERC) approved in October. Louisiana.
The agency anticipates that by the end of Venture Global is thought to be close to
2022, US nominal liquefaction capacity will announcing a final investment decision (FID)
rise to 11.4 bcf (323 mcm) per day, while peak on its 20mn tpy Plaquemines project, on which
capacity will reach 13.9 bcf (394 mcm) per day. it says construction has already begun. Also in

Venture Global LNG is
preparing to place its
Calcasieu Pass facility
into service.

P4 www. NEWSBASE .com Week 49 09•December•2021