Page 14 - NorthAmOil Week 09 2023

NorthAmOil PROJECTS & COMPANIES NorthAmOil

Gulfstream applies to export 4mn tpy of LNG

LOUISIANA GULFSTREAM LNG Development is seeking export LNG from the US, in particular to Europe
approval to export up to 4mn tonnes per year and Asia. Europe has been moving away from
(tpy) from a planned facility in Louisiana. Russian gas since Moscow’s invasion of Ukraine
The exports would be destined for free-trade a year ago.
partners of the US as well as non-free trade part- The US’ seven LNG export terminals trans-
ners. The company also said it would ship LNG ported more than 3.86 trillion cubic feet (109bn
to domestic and regional markets using river cubic metres) of LNG in 2022, up from almost
barges, small ships or bunkering vessels, or large 3.56 tcf (100.8 bcm) in 2021, according to the
tankers. DoE. In 2022, Louisiana’s three LNG terminals
The company is also considering the co-pro- exported more than 2.45 tcf (69.4 bcm).
duction of ammonia. US exports of LNG are forecast to grow fur-
Gulfstream has filed an application for LNG ther still. At least three proposed LNG export ter-
export approval with the US Department of minals have most likely signed enough contracts
Energy (DoE). to receive final investment decisions (FIDs) in
Once Gulfstream has completed equity fund- 2023, Reuters recently reported. (See: US posi-
ing, it will ask the US Federal Energy Regulatory tioned to become world’s largest LNG exporter,
Commission (FERC) to begin the pre-filing page 6)
process for the LNG facility. First production is The US is soon expected to become the
expected by 2029. world’s largest LNG exporter. It is currently
Mid-scale modular liquefaction electric the second largest after Australia, though
trains will be used. They will be powered by Qatar is also expanding its own LNG export
low-carbon and renewable fuels. capacity.
Gulfstream has a long-term lease of 500 Projects most likely to proceed in 2023 are
acres (2 square km) with 1.3 km (0.8 miles) of Energy Transfer’s Lake Charles plant in Louisi-
15-metre (50-foot) Mississippi River frontage in ana, and Sempra Energy’s Port Arthur terminal
Plaquemines Parish. and NextDecade’s Rio Grande facility, both in
Louisiana has become key in the race to Texas, analysts told Reuters.™

ENERGY TRANSITION

Denbury announces new CCUS agreements

US DENBURY has announced several new agree- CO2 to be used as a feedstock in the production
ments related to its carbon capture, utilisation process.
and storage (CCUS) business. In early 2023, Denbury finalised an agree-
The company has executed an agreement ment for the right to develop a dedicated CO2
with HIF Global, a leading e-fuels company tar- sequestration site known as Corvus, spanning
geting the building of a 200mn gallon (757mn nearly 15,000 acres (61 square km) in Camp-
litre) per year carbon-neutral e-gasoline and bell County, Wyoming, directly underneath the
e-methanol facility by 2027. It has said this company’s Greencore CO2 pipeline. Denbury
would decarbonise the emissions equivalent of estimates potential CO2 sequestration capacity
more than 400,000 vehicles. of the Corvus site to be 40mn tonnes.
Efuels are synthetic fuels made using cap- Denbury recently invested in ION Clean
tured carbon dioxide (CO2) or carbon mon- Energy, which has developed liquid solvent tech-
oxide and hydrogen obtained using renewable nologies that capture over 95% of CO2 emissions
energy or nuclear power. while significantly reducing operating and cap-
HIF’s $6bn facility will be located on the US ital costs for large-scale, post-combustion CO2
Gulf Coast in Matagorda County, Texas. Den- emissions.
bury and HIF are actively engaged in sourcing Denbury has also completed an invest-
2mn tonnes per year (tpy) of industrial-sourced ment in Aqualung Carbon Capture, a leader
CO2 for transport and utilisation at the facility. in membrane CO2 capture and separation
Denbury has also signed an agreement with technology.
Monarch Energy Development, a hydrogen and Aqualung’s patented technology drives a pas-
e-fuels project developer. sive CO2 separation, resulting in the ability to
Monarch currently has e-fuels production economically capture 95% or more of CO2 emis-
facilities under development in Freeport and sions across low (less than 3%) and high (more
Beaumont, Texas, with estimated first produc- than 30%) concentrations of CO2. This scalable
tion by 2026. Under the agreement, Denbury technology targets a wide range of both small
will transport 400,000 tpy of industrially sourced and large sources of emissions, said Denbury.™

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