Page 117 - RusRPTFeb24

New US LNG production facilities (mn tonnes/yr)
Project
Capacity
Construction start
Golden Pass LNG
18.1
2025
Plaquemines LNG Phase 1
13.3
2025
Plaquemines LNG Phase 2
6.7
2026
Corpus Christi Midscale Stage 3
9.5
2027
Rio Grande LNG Phase 1
17.5
2027
Port Arthur LNG Phase 1
13.5
2028
Source: Energy Intelligence
Europe remained the main destination for US LNG exports in December, accounting for 5.43 tonnes, or just over 61% of all US exports. In November, two thirds (68%) of US LNG exports were to Europe, US data shows.
The fall in exports between November and December reflects unusually mild winter temperatures and record high storage of gas in European tanks, according to Rystad Energy. But a cold snap in January is likely to push up demand again at the start of 2024.
New US facilities are being developed at Golden Pass and Calcasieu Pass, along with expansions at Cheniere’s Corpus Christi facility in 2023.
The Golden Pass export project in Louisiana, a collaboration between ExxonMobil and QatarEnergy, is expected to achieve mechanical completion of its first train by the end of 2024, according to Energy Intelligence, with operations commencing in 2025.
Construction of Corpus Christi Stage 3, a 10mn tonne per year (1.4 Bcf/d) facility on the Texas Gulf Coast, is also progressing, with the first LNG production expected by the end of the year, reports Energy Intelligence.
Delfin’s floating liquefaction project, with a capacity of about 10mn tonnes per year, is moving closer to FID in 2024. While it missed its targeted FID date in October 2023, the Gulf of Mexico project has garnered strong interest, selling out the capacity of its first vessel.
Commonwealth LNG is exploring the potential for an FID in the first quarter of 2024, aiming to add another 9.5mn tonnes per year to the region's LNG capacity. Additionally, Corpus Christi Trains 8 and 9 may reach FID in 2024, contributing an additional 5mn tonnes per year to the expanding LNG sector.
117 RUSSIA Country Report February 2024 www.intellinews.com