Conference Question For Timbogold, Pos & Co, page-105

Some more

Lake Charles LNG

Shell delayed final investment on Lake Charles LNG in August 2016, although the project has gotten approval from both FERC and DOE.


Spokesman Ray Fisher told the American Press that the move was part of a larger decision by Shell to reassess its capital projects.

Shell recently increased the terminal’s export capacity after updating its design. A review of the project is underway by Shell and other industry specialists.

Magnolia LNG

Magnolia LNG is the only project among its peers that’s “shovel ready,” as COO John Baguley put it.

The only thing standing in its way is financing. It has all its permitting from DOE and FERC, as well as a lease on the Calcasieu Ship Channel and an environmental procurement contract. The only other company that hasn’t broken ground yet that has an EPC is Venture Global, which still has to complete the permitting process.

Magnolia’s parent company, LNG Limited, is based in Australia, another global leader in natural gas. Magnolia has a buyer for a quarter of its offtake and is busy trying to persuade global buyers to commit.

Monkey Island LNG

Monkey Island LNG recently changed its name from SCT&E LNG because of how well-received the unique name of its location, Monkey Island, has been worldwide, according to a statement sent to the American Press.

The facility is planned for about 766 acres. It hasn’t started the FERC process, but does have approval from DOE to export to FTA countries. It expects to begin operating in 2023.

Sabine Pass LNG

Cheniere Energy has shipped more than 140 cargoes to 23 countries out of its Sabine Pass facility since it began operating in 2016, putting the U.S. back on the map as an LNG export nation.

Three of its liquefaction trains are operational, with a fourth expected to reach substantial completion in the second half of 2017 and a fifth on track for the second half of 2019.

The company expects a final investment decision on a sixth and final train once it obtains an engineering, procurement and construction contract.

Venture Global

Venture Global’s Calcasieu Pass facility is still waiting on permit approvals from DOE and FERC, but, like Magnolia, it does have an EPC contract in place for construction and a buyer for part of its offtake.

Spokeswoman Jessica Wickett said construction should start in 2018 and that operations should begin in the early 2020s.