BP, PetroChina secure LNG capacity at Gate terminal
BP, PetroChina secure LNG capacity at Gate terminal
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Natural Gas News
BP, PetroChina secure LNG capacity at Gate terminal
Summary
Commercial operations at the terminal are expected to begin by the third quarter of 2026. [Image: Gate] by: Shardul Sharma
Gate terminal, a joint venture of Vopak and Gasunie, on May 25 announced that BP and PetroChina have separately agreed to acquire 2bn m3/year of regasification and corresponding storage capacity. Gate terminal...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.