QatarEnergy closes in on first batch of its phase 2 LNG newbuilding project - TradeWinds
QatarEnergy closes in on first batch of its phase 2 LNG newbuilding project | TradeWinds
Middle Eastern LNG-producing giant QatarEnergy is poised to declare a first raft of some of around 40 pre-reserved LNG carrier newbuilding slots which are set to be firmed up in a second phase of its huge fleet expansion project.
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QatarEnergy closes in on first batch of its phase 2 LNG newbuilding project
Company poised to declare some of pre-reserved slots but all eyes are on which shipowners will join party
25 September 2023 6:25 GMT Updated 25 September 2023 6:25 GMT
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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.