Australia to Overtake Qatar In LNG Output

Curtis Island LNG Plants  Image Courtesy: Bechtel

Curtis Island LNG Plants

Image Courtesy: Bechtel

Australia expects to overtake Qatar as the world’s largest explorer during the FY2019-20 when exports are forecast to hit 78.3 million tons, up from 61.7 million tones in 2017-2018.

Gas Land is proud to contribute to this amazing growth by having its Nitrogen Systems in five Australian LNG Plants.

Rise of US Oil and Gas Output

In its annual World Energy Outlook report, the IEA said its main projection scenario through to 2040 foresees the US accounting for nearly 75% and 40% of global oil and gas growth, respectively, over the next six years. The agency said that demand growth through 2025 should be driven by China and from the late 2020’s to 2040 by India and the Middle East. The report also highlighted that governments will have a very critical role to play in determining the future of energy systems and policies.

The application of hydraulic fracturing and horizontal drilling has propelled US’s position as a major player in the oil and gas industry. The boom of shale oil and LNG exports has helped US transition from a net importer to a net exporter of energy. Earlier this month the US Energy Department said that US oil production had climbed to a record 11.3 million barrels per day. Roughly half of this can be accounted towards oil produced from shale plays.

US Oil Consumption Chart.png

Fig 1. US Field Production of Crude Oil

Sources

World Energy Outlook Report, IEA EIA Website

Cheniere Signs Train 6 EPC Deal

Image Courtesy: Cheniere

Image Courtesy: Cheniere

The long awaited Sabine Pass Train 6 has reached a major milestone after Cheniere confirms the EPC deal with Bechtel.

Jack Fusco, Cheniere’s CEO said, “We have finalized the Sabine Pass Train 6 EPC contract with Bechtel, and we are releasing Bechtel to commence early engineering, procurement, and construction activities for Train 6 ahead of making a final investment decision.”

Sabine Pass LNG started shipping the chilled fuel in early 2016, currently Trains 1 to 4 are operational and Train 5 is undergoing commissioning activities.

Corpus Christi LNG Plant Update

Image Courtesy: Cheniere

Image Courtesy: Cheniere

Another Cheniere project nearing completion and further advancing US LNG exports.

According to Cheniere’s CEO Jack Fusco, “Corpus Train 2 continues to progress on an accelerated schedule and we expect substantial completion in the second half of next year.”

Corpus Christi is a three train liquefaction project where each train is capable of producing 4.5 million tonnes of LNG per annum. Cheniere also owns and operates its Sabine Pass LNG export terminal.