financetom
Business
financetom
/
Business
/
Tanker leaves Venture Global Louisiana Plaquemines LNG export plant
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tanker leaves Venture Global Louisiana Plaquemines LNG export plant
Oct 3, 2024 12:55 AM

Sept 24 (Reuters) - The tanker docked for the past month

at U.S. liquefied natural gas (LNG) company Venture Global LNG's

Plaquemines export plant under construction in Louisiana had

left by Tuesday morning, according to data provider LSEG.

Energy analysts said that was likely a sign the plant was

getting closer to producing and exporting its own LNG.

The tanker, called Qogir, arrived at Plaquemines from Norway

full of LNG in late August. It left the plant with less LNG,

according to the LSEG data.

Energy analysts have said Venture Global used some of that

LNG to cool down areas of the facility as part of the

commissioning process to get the plant ready to produce its own

LNG for export.

Officials at Venture Global were not immediately available

for comment.

LNG plants under construction, like Plaquemines, use the

super-chilled gas to test and cool equipment in preparation for

the start of production.

Plaquemines started pulling in very small amounts of natural

gas from U.S. pipelines in late June. Analysts have said the

plant could start turning pipeline gas into LNG in test mode in

the coming weeks or months.

Venture Global has said that building the two phases at

Plaquemines would entail an investment of about $21 billion.

Analysts have said they expect Venture Global to complete

work on the first 1.8-billion cubic feet per day (bcfd) phase of

Plaquemines from 2024 to 2026 and the second 1.2-bcfd phase from

2025 to 2026.

The United States is already the world's biggest LNG

exporter with seven export plants able to turn about 13.8 bcfd

of gas into about 104.6 million tonnes per annum (MTPA) of LNG.

One billion cubic feet is enough gas to supply about five

million U.S. homes for a day.

(Reporting by Scott DiSavino; Editing by Emelia

Sithole-Matarise)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Wex Insider Sold Shares Worth $400,286, According to a Recent SEC Filing
Wex Insider Sold Shares Worth $400,286, According to a Recent SEC Filing
May 6, 2024
05:46 PM EDT, 05/06/2024 (MT Newswires) -- Robert Joseph Deshaies, COO, Americas, on May 02, 2024, sold 1,897 shares in Wex (WEX) for $400,286. Following the Form 4 filing with the SEC, Deshaies has control over a total of 9,408 shares of the company, with 9,408 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1309108/000130910824000124/xslF345X03/wk-form4_1715031645.xml ...
Goodyear Tire & Rubber Swings to Q1 Adjusted Earnings, Sales Fall
Goodyear Tire & Rubber Swings to Q1 Adjusted Earnings, Sales Fall
May 6, 2024
05:47 PM EDT, 05/06/2024 (MT Newswires) -- Goodyear Tire & Rubber ( GT ) reported Q1 adjusted earnings late Monday of $0.10 per diluted share, swinging from a loss of $0.29 a year earlier. Analysts polled by Capital IQ expected a loss of $0.01. Net sales for the quarter ended March 31 were $4.54 billion, compared with $4.94 billion a...
Wex Insider Sold Shares Worth $253,860, According to a Recent SEC Filing
Wex Insider Sold Shares Worth $253,860, According to a Recent SEC Filing
May 6, 2024
05:47 PM EDT, 05/06/2024 (MT Newswires) -- Jennifer Kimball, Chief Accounting Officer, on May 02, 2024, sold 1,200 shares in Wex (WEX) for $253,860. Following the Form 4 filing with the SEC, Kimball has control over a total of 1,909 shares of the company, with 1,909 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1309108/000130910824000122/xslF345X03/wk-form4_1715031615.xml ...
ONE Gas Q1 Earnings, Revenue Decline, Reaffirms EPS Outlook
ONE Gas Q1 Earnings, Revenue Decline, Reaffirms EPS Outlook
May 6, 2024
05:45 PM EDT, 05/06/2024 (MT Newswires) -- ONE Gas ( OGS ) late Monday reported Q1 net income of $1.75 per diluted share, compared with $1.84 a year earlier. Analysts polled by Capital IQ expected $1.75. Revenue for the quarter ended March 31 was $758.3 million, down from $1.03 billion a year earlier. Analysts expected $1.05 billion. For 2024, the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved