LNG macro analysis, page-256

Well, well, well, thing's are 'Heating Up' on the Home front, in more ways than one, not Only down here in Vic, but over yonder in the US atm as,


US energy giant ExxonMobil is looking at the option of importing liquefied natural gas (LNG) to tackle the expected gas shortage from 2021.

The company told Reuters it could start up a liquefied natural gas (LNG) import facility in 2022 which would add to and complement the existing Gippsland resource and infrastructure.

The company is also planning to develop the West Barracouta gas field offshore Victoria.

Exxon Mobile’s LNG import plans would face competition from AGL Energy that is looking to build an LNG import facility at Crip Point in Victoria as well as the Australian-led consortium, Australian Industrial Energy (AIE) that is planning to build an import facility at New South Wales’ Port Kembla.

The LNG import project, as well as the development of the West Barracouta field, would support the volumes from the Gippsland joint venture with BHP Billiton, that will be halved by 2022.

The project would be able to use the existing infrastructure in developing the LNG import plant at a lower cost compared to its competitors.

www.lngworldnews.com/exxonmobil-pondering-australian-lng-import-facility/


LNG Limited, the Australian company developing two LNG export projects in North America, has extended the validity period of its current binding contract with KSJV for Magnolia LNG project.

The binding lump sum turnkey engineering, procurement, and construction US$4.354 billion contract with KBR– SKE&C joint venture led by KBR, is now valid through December 31, 2018.

The initial agreement with KSJV was signed on November 16, 2015, with an installed capacity EPC cost/tonne range of US$495 to US$544 based on the final design a final investment decision (FID).

LNG Limited said that Magnolia LNG is well positioned to lead the next generation of U.S. LNG export. Magnolia is the lone U.S. greenfield LNG export development project that is construction-ready, having secured equity financing and FERC Notice to Proceed, Department of Energy non-FTA and FTA export approval, and a LSTK EPC contract.

Magnolia LNG project will include up to four liquefaction production trains, each with a capacity of 2 mtpa or greater, two 160,000-cubic meter full containment storage tanks, ship, barge, and truck loading facilities, and supporting infrastructure.

The LSTK EPC contract includes all elements of the project necessary to bring the facility into full guaranteed production operations.

www.lngworldnews.com/lng-limited-extends-magnolia-lng-contract-validity/

Just waiting for IDG to deliver our Chinese Takeaway of Sweet & Sour Pork now or as some might say, bringing home the Bacon ( BTA's ) Belly + Trotters + American style pork ribs

Food for thought

Frank