Cheniere GHG, Calcasieu, Tellurian, Jordan Cove

Latest News

Cheniere: To Offer LNG Cargo Emissions Data Amid Climate Pressure (Bloomberg)
Christine Buurma (Feb. 24): Cheniere Energy has become the latest big supplier of LNG to say it will provide customers with GHG emissions data. The data will quantify the estimated GHG wellhead to delivery point for LNG cargoes produced at Cheniere’s Sabine Pass Corpus Christi facilities. Link to Content

Calcasieu Pass: LNG Production Could Begin as Soon as October (Bloomberg)
Stephen Stapczynski (Feb. 25): Venture Global LNG has offered at least 12 LNG cargoes for loading between Oct. 2021 and Dec. 2022 from Calcasieu Pass, according to traders, who asked not to be identified. If awarded, these would be the first spot cargoes sold from the plant, which is targeting commercial operations in 2022… LNG tenders aren’t always awarded and the cargoes being offered could be test shipments ahead of normal operations. Link to Content

Tellurian: Reports 2020 Results (Release)
Tellurian ended its 2020 fiscal year with »$78.3 million of cash and equivalents and »$72.8 million in short-term borrowings, and generated »$30.4 million in revenues from gas sales. Tellurian had »$293.0 million in assets at the end of 2020, and reported a net loss of $210.7 million, including a non-cash impairment charge of »$81.1 million related to its upstream properties.

President and CEO Octávio Simões said, “Tellurian is in a strong financial position with substantial liquidity after taking on expense reduction activities and significant debt reduction measures in 2020, and subsequent prepayments in 2021. Operationally, our Haynesville Shale wells have outperformed to unlock value, providing domestic natural gas supply and a valuable contribution to our integrated Driftwood model which will offer low-cost LNG to the world. Link to Release

Jordan Cove: Pembina Can No Longer Predict Start Date (Reuters)
Scott DiSavino (Feb. 26): Pembina Pipeline Corp. said late Thurs. (Feb. 25) in its Q4 2020 earnings report that it recognized a C$1.6 billion impairment in the value of certain assets, including a petrochemical project, investments in the Wyoming-to-Oregon Ruby gas pipeline, and Jordan Cove.

“We believe the time for these projects may come; however, we can sadly no longer predict with certainty when that time will be.” Link to Content