Excelerate Energy targets 12 LNG import projects in Asia-Pacific and Americas - TradeWinds
Excelerate Energy targets 12 LNG import projects in Asia-Pacific and Americas | TradeWinds
Houston-based Excelerate Energy has honed down a list of 12 prioritised projects as it pursues growth opportunities and is homing in on projects in the Asia-Pacific and Americas regions.
The company’s first-quarter results presentation included a table showing eight projects labelled “A” to “H” in the Asia-Pacific region, five of which will involve floating storage and regasification units, and four in the Americas listed as “I” to “L” where two will include FSRUs.
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.