Natural Gas News – May 20, 2019
Natural Gas News – May 20, 2019
FERC approves Freeport liquid natural gas export expansion project
Daily Energy Insider reported: The Federal Energy Regulatory Commission (FERC) recently approved the construction of the Train 4 expansion at the Freeport LNG terminal on Quintana Island near Freeport, Texas. The Train 4 project is an expansion of the liquefaction project currently under construction at the terminal. It includes the construction of a liquefaction unit similar to Freeport’s other three units, as well as associated pipelines, storage vessels, and related facilities. The project will enable Freeport LNG Development LP to liquefy for export the equivalent of an additional 0.74 billion cubic feet of natural gas per day from the site. For more on this story visit dailyenergyinsider.com or click https://bit.ly/2WgLPvM
Argentina ready for its first sale of natural gas cargo
Merco Press reported: Argentina is offering its first-ever liquefied natural gas cargo, putting the nation on the verge of becoming a regular exporter of the fuel. YPF SA, the state-run oil and gas producer, is seeking to sell a partial cargo from the Tango floating liquefaction unit, or FLNG, at Bahia Blanca, according to traders. The company is currently negotiating the sale of the 30,000-cubic-metre shipment on a free-on-board basis for loading this summer, said the traders. A YPF spokesman declined to comment on the cargo. The cargo – while relatively small compared with standard shipments – will mark Argentina’s transition from one of Latin America’s biggest LNG importers into an exporter. That’s being driven by growing gas production from the Vaca Muerta shale play. Another factor is the country’s recession, which is hurting domestic demand. It’s still an importer, however: In March, it bought nine LNG cargoes in a tender. Argentina is following the path of other nations, which recently resumed exports after domestic output surged .Last year, YPF signed a 10-year contract with Belgium’s Exmar NV to deploy an FLNG plant to produce and export the fuel. For more on this story visit en.mercopress.com or click https://bit.ly/2Qftn0R
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