Latest news with #CommonwealthLNG
American Press
3 days ago
- Business
- American Press
Trump admin expands LNG authorizations in Gulf of America states
Commonwealth LNG is a LNG liquefaction and export facility located on the west bank of the Calcasieu Ship Channel at the mouth of the Gulf of Mexico near Cameron. The facility will have six 50,000 M3 modular storage tanks and will be able to accommodate vessels up to 216,000 M3. (Special to the American Press) By Bethany Blankley | The Center Square Under the Trump administration, the Department of Energy has so far issued five liquified natural gas (LNG) authorizations in the Gulf of America states of Louisiana, Texas and Florida. Under the first Trump administration, the U.S. became the largest LNG exporter in the world, led by the Gulf states of Louisiana and Texas. By 2023, Louisiana accounted for 61% of LNG exports, according to U.S. Energy Information Agency data. The new authorizations reverse Biden administration orders, including banning issuing new LNG export permits, which disproportionately negatively impacted Gulf states. 'Exporting American LNG strengthens the U.S. economy and supports American jobs while bolstering energy security around the world, and I am proud to be working with President Trump to get American energy exports back on track,' Energy Secretary Chris Wright said. The DOE's first LNG export authorization was the Commonwealth LNG project in Cameron Parish. Owned by Kimmeridge Texas Gas, LLC, its exports to non-free trade agreement countries are expected to top 1.2 billion cubic feet per day (Bcf/d) of LNG. The DOE said Commonwealth LNG exports 'are likely to yield economic benefits to the United States, diversify global LNG supplies, and improve energy security for U.S. allies and trading partners over the course of the export term through 2050.' A final authorization is expected later this year. The DOE's second authorization was issuing an 'Order on Rehearing,' reversing a Biden administration order that created greater regulatory burdens for using LNG as a marine fuel source, known as LNG bunkering. The reversal will benefit JAX LNG, a small-scale coastal LNG facility located at Dames Point near Jacksonville, Florida, impacted by the Biden-era directive. It dispenses LNG fuel to ships, including cruise ships, car carriers, petroleum tankers and container ships. The DOE withdrew exercise of its jurisdiction under the Natural Gas Act for ship-to-ship transfers of LNG for marine fuel use at a U.S. port, in U.S. waters, or in international waters, it said. It also left unchanged its authorization to JAX to export LNG via ISO container. The demand for LNG as marine fuel has increased as emissions regulations for shipping have increased. The number of LNG-fueled ships is expected to nearly double, reaching more than 1,200 vessels by 2028, according to an EIA January 2025 Quarterly Gas Report. The DOE's third LNG authorization extends an LNG export permit for Golden Pass LNG Terminal LLC, currently under construction in Sabine Pass, Texas. The project was first approved under the first Trump administration. Golden Pass, owned by QatarEnergy and ExxonMobil, is expected to begin exports this year. Once operational, it will be the ninth large-scale export terminal operating in the U.S., able to export up to 2.57 Bcf/d of LNG. The DOE's fourth authorization extended an LNG export permit for Delfin LNG LLC to construct a floating liquefied natural gas vessel off the coast of Louisiana after it was delayed by the Biden administration. Delfin, majority-owned by Fairwood Peninsula, Talisman Global Alternative Master, L.P. and Talisman Global Capital Master, L.P., is expected to reach a final investment decision later this year. The order extends the authorization date to June 1, 2029, for Delfin to begin exporting up to 1.8 Bcf/d of LNG to non-free trade agreement countries. The fifth and most recent authorization was for Port Arthur LNG Phase II in Jefferson County, Texas. Owned by Sempra Energy, it's projected to export 1.91 billion Bcf/d of LNG once completed. Port Arthur Phase I is currently under construction and expected to begin exporting LNG in 2027. Sempra also operates the Cameron LNG export terminal in Louisiana, which has been exporting LNG since 2019. It's currently constructing the Energia Costa Azul terminal in Mexico, which is slated to begin commercial export operations of U.S.-sourced LNG next year. All five authorizations bring the total volume of LNG exports to 11.45 Bcf/d, the DOE said. According to EIA's most recent Short-Term Energy Outlook, LNG exports are expected to reach record highs this year, averaging more than 15 Bcf/d, coinciding with record projected natural gas production of nearly 105 Bcf/d, led by Texas and Louisiana.
Yahoo
5 days ago
- Business
- Yahoo
Commonwealth LNG export project secures US FERC approval
The US Federal Energy Regulatory Commission (FERC) has upheld the final order authorising Commonwealth LNG's 9.5 million tonnes per annum (mtpa) export project. This significant milestone paves the way for the company to reach a final investment decision (FID) in the third quarter (Q3) of this year, with first liquefied natural gas (LNG) production anticipated in 2029. Located on the Calcasieu Ship Channel near Cameron, Louisiana, the project is expected to generate substantial economic benefits including an $11bn investment in the state and an estimated $3.5bn in annual export revenue. The project has gained considerable traction with the announcement of long-term binding LNG offtake agreements with global purchasers such as Glencore, JERA and Petronas. Commonwealth Kimmeridge managing partner and chairman Ben Dell added: "We are pleased to have received this Final Order from FERC and we thank the regulatory body for their diligent and thorough analysis. This milestone further paves the way for development of a state-of-the-art LNG export facility that strengthens energy security domestically and for our allies, all while prioritising environmental stewardship and providing sustained economic benefit for local communities." These partnerships are integral to Commonwealth's strategy to finalise its commercial book shortly. Commonwealth is implementing an innovative wellhead-to-water strategy through its upstream operating entity. This approach is designed to offer competitive pricing and lower emissions, aligning with the global market's demand for reliable supply sources. The construction and operation of the Commonwealth LNG facility are set to create significant employment opportunities, with around 2,000 workers expected at the peak of construction and 270 high-paying jobs upon commencement of operations. Additionally, the project will contribute to community development through improvements in healthcare, education and infrastructure. Commonwealth president and CEO Farhad Ahrabi said: "Receiving the FERC Final Order is a tribute to the persistence and outstanding execution of our team. We likewise greatly appreciate the community support we received in Cameron and the surrounding area. We look forward to realising the benefits that this facility will bring for all who have contributed to making it happen." "Commonwealth LNG export project secures US FERC approval" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
17-06-2025
- Business
- Associated Press
Commonwealth LNG Confirms 20-Year Sale and Purchase Agreement with PETRONAS
HOUSTON, June 17, 2025 /PRNewswire/ -- Commonwealth LNG ('Commonwealth') today identified PETRONAS LNG Ltd. ('PETRONAS'), a subsidiary of Malaysia's national oil and gas company, as the major Asian energy company referenced in the company's May 5 announcement of a buyer to purchase 1 million tonnes per annum (MTPA) of LNG for 20 years from Commonwealth's 9.5 MTPA facility under development in Cameron, Louisiana. Commonwealth LNG currently has 4 MTPA of offtake under long-term agreement, with line of sight toward finalizing its commercial book ahead of a targeted final investment decision in Q3 2025 and anticipated first LNG production in 2029. 'We are excited to collaborate with PETRONAS, a trusted LNG supplier with decades of expertise,' said Commonwealth President and CEO Farhad Ahrabi. 'We value this partnership and the endorsement of our team by this recognized industry leader.' Meanwhile, Shamsairi M Ibrahim, Vice President of LNG Marketing and Trading at PETRONAS, shared, 'This agreement underscores PETRONAS' commitment to fostering global partnerships that ensure reliable, sustainable and long-term LNG supply for our customers. Collaborating with Commonwealth LNG will expand our supply node and strengthen our presence in the global LNG market.' Commonwealth's phase 1 development is expected to bring an investment of more than $11 billion to Louisiana and generate an estimated $3.5 billion in annual export revenue. The project is expected to employ approximately 2,000 workers at the peak of construction and provide approximately 275 high-paying jobs when the facility begins operations in late 2029. Commonwealth is owned by Kimmeridge SoTex Holdco LLC ('SoTex'), which was founded by Kimmeridge, an asset manager focused on the energy sector. Through SoTex, which also holds an upstream natural gas development company called Kimmeridge Texas Gas, Kimmeridge is building America's first integrated gas independent to deliver low-cost natural gas from wellhead-to-water and meet burgeoning demand for responsibly produced LNG across global markets. The SPA will become fully effective upon the satisfaction of customary conditions, including an affirmative final investment decision on the Project. About Commonwealth LNG Commonwealth LNG is a 9.5 MTPA liquefied natural gas (LNG) export terminal project located on the Calcasieu River on the Gulf Coast near Cameron, Louisiana. The project's leadership team is committed to building a world-class LNG facility by staying relentlessly focused on managing risk and lowering cost. Website: LinkedIn: About PETRONAS PETRONAS is a global energy group with operations in over 100 countries. Through its integrated LNG value chain and strong sustainability focus, PETRONAS delivers reliable energy solutions to meet rising global demand. About Kimmeridge Founded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an alternative asset manager focused on the energy sector. The firm is differentiated by its direct investment approach, deep technical knowledge, active portfolio management, proprietary research and data gathering. Media Inquiries: Commonwealth LNG Lyle Hanna VP, Corporate Communications 281-794-9606 [email protected] Kimmeridge Daniel Yunger / Hallie Wolff / Emma Cloyd [email protected] 917.574.8582 / 917.842.1127 View original content to download multimedia: SOURCE Commonwealth LNG
The Sun
17-06-2025
- Business
- The Sun
Petronas signs 20-year deal to purchase gas from US-based Commonwealth LNG
PETALING JAYA: Petroliam Nasional Bhd (Petronas), through subsidiary Petronas LNG Ltd, has entered a liquefied natural gas (LNG) sale and purchase agreement with Commonwealth LNG LLC, marking a key milestone in its strategy to diversify its LNG portfolio through long-term supply from the United States. Under the agreement, Petronas is purchasing one million tonnes per annum (mtpa) of LNG from Commonwealth LNG for 20 years from Commonwealth LNG's 9.5 mtpa facility currently under development in Cameron, Louisiana. The agreement was commemorated at a document exchange ceremony between Petronas LNG Ltd CEO Ezran Mahadzir and Commonwealth LNG president and CEO Farhad Ahrabi on the sidelines of Energy Asia 2025. Petronas LNG marketing and trading vice-president Shamsairi M Ibrahim said, 'This agreement underscores Petronas' commitment to fostering global partnerships that ensure reliable, sustainable and long-term LNG supply for our customers. Collaborating with Commonwealth LNG will expand our supply node and strengthen our presence in the global LNG market.' The collaboration signifies a key step towards a shared ambition to deliver sustainable energy solutions advancing strategic energy collaboration, contributing to regional energy security and reinforcing Commonwealth LNG's role as a reliable player in the global LNG landscape, Petronas said in a statement today. Farhad said, 'We're pleased to establish this partnership and proud that Commonwealth LNG has been invited to help extend Petronas' successful history of more than a half-century in serving global energy needs.'
Barnama
17-06-2025
- Business
- Barnama
PETRONAS And Commonwealth LNG Sign 20-Year Agreement For Sustainable LNG Supply
KUALA LUMPUR, June 17 (Bernama) -- PETRONAS through its subsidiary PETRONAS LNG Ltd. has entered a Liquefied Natural Gas (LNG) Sale and Purchase Agreement with Commonwealth LNG, LLC (Commonwealth LNG) marking a key milestone in its strategy to diversify its LNG portfolio through long-term supply from the United States. Under the SPA, PETRONAS is purchasing one million tonnes per annum (MTPA) LNG from Commonwealth LNG for a period of 20 years from Commonwealth's 9.5 mtpa facility currently under development in Cameron, Louisiana.
