Page 26 - GLNG Annual Review 2021

GLNG DECEMBER GLNG

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

PERFORMANCE THE US is on course to have the world’s largest capacity will reach 13.9 bcf (394 mcm) per day.
LNG export capacity by the end of next year. This Reaching this level will put the US ahead of the
WHAT: comes as Cheniere Energy prepares to launch current two leading LNG exporters, Australia
The US will have the exports from Train 6 at Sabine Pass LNG while and Qatar, which have estimated peak capacities
world’s largest LNG Venture Global LNG works to bring its Calcasieu of 11.4 bcf per day and 10.4 bcf (295 mcm) per
export capacity by the Pass terminal online. day respectively.
end of 2022. In an update in December, the US Energy The US’ liquefaction capacity has further to
Information Administration (EIA) said that grow beyond 2022, with one more project, Exx-
WHY: both the first export cargo from Sabine Pass onMobil and QatarEnergy’s Golden Pass LNG,
Sabine Pass Train 6 and Train 6 and first LNG production at Calcasieu currently under construction. That facility is
Calcasieu Pass LNG are Pass were anticipated before the end of 2021. anticipated to come online in 2024, bringing
both set to come online in Both facilities, located on the Louisiana Gulf US LNG peak capacity to around 16.3 bcf (462
Louisiana soon. Coast, are expected to be online before the end mcm) per day.
of 2022.
WHAT NEXT: Making moves
Calcasieu Pass developer On the rise While this additional capacity is being brought
Venture Global LNG is The EIA estimates that as of November 2021, online, plans for more new projects still are also
pushing ahead with nominal US liquefaction capacity was 9.5bn moving forward. Notably, Venture Global said in
plans to build three more cubic feet (269mn cubic metres) per day, while December that it had submitted an application to
liquefaction projects. peak capacity was 11.6 bcf (328 mcm) per day. FERC to build the CP2 LNG project. The com-
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

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

P26 www. NEWSBASE .com Annual Review 2021