Thursday, September 5, 2024

Has another LNG plant in Texas filed for an extension with FERC?

Happy Thursday!  We hope you have been keeping dry from the rain which has been in the Houston area today!

Did anyone happen to read the Oil & Gas Journal’s Daily Update Newsletter on August 30, 2024, they had an article titled, “Golden Pass LNG requests 3-year extension to 2029.”  The article was on Golden Pass LNG was in the news again this time requesting the U.S. Federal Energy Regulatory Commission (FERC) for a three-year extension to get their LNG plant near Port Arthur, Texas up and exporting by the end of November 2029.  The Golden Pass LNG is a partnership between ExxonMobil Corp. and QatarEnergy, and they have had a few hiccups since work started in 2019.  The latest was its leading contractor being allowed to withdraw from the project due to its bankruptcy.  Golden Pass LNG has named a new lead contractor, CB&I, who was part of the early team which worked on the front-end engineering (FEED) and plans for the plant with Chiyoda Corp.  The LNG plant has over three quarters of the work done on its three-train plant.  Train 1 has utility and export groundwork in place, and it is over three-quarters complete; Train 2 has just under half completed; and Train 3 is about a third completed.  If the FERC request is granted, the new in-service dates would be roughly 18 months later which would mean Train 1 would be exporting by March 31, 2027, and the other two would follow suit, and the whole plant would be completed and exporting by November 30, 2029.  We will keep you posted on Golden Pass LNG, when a decision comes down.  If you would like more information on this article from Oil and Gas Journal, please click the links: Golden Pass LNG requests 3-year extension to 2029 | Oil & Gas Journal (ogj.com).

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We hope you have a relaxing evening!  Keep dry and be safe!

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