A Barrel Fulll Archive

Jan 18, 2022 Texas LNG Brownsville LLC (“Texas LNG”), a controlled subsidiary of Glenfarne Group, LLC (“Glenfarne”) developing a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal in the Port of Brownsville, South Texas, and Enbridge Inc. (“Enbridge”) (TSX: ENB) (NYSE: ENB), a leading North American energy infrastructure company, have executed a pipeline transportation precedent agreement for the expansion of the Valley Crossing Pipeline (“VCP”) to deliver approximately 720 million cubic feet per day of natural gas to Texas LNG’s export facility for a term of at least 20 years. VCP consists of a 160-mile 42- and 48-inch diameter pipeline originating at Agua Dulce, a major Texas gas hub, and extending to the Port of Brownsville. A 10-mile lateral will be built to extend the pipeline to Texas LNG’s facility, along with the addition of compression facilities on the existing pipeline. VCP’s pipeline header at Agua Dulce, a growing gas pricing and transpo...

November 7th 2018 Last week, Enbridge’s Valley Crossing Pipeline —a 168-mile line running from Agua Dulce, Texas, to the Gulf of Mexico east of Brownsville—entered service, with the capacity to move up to 2.6 billion cubic feet a day (Bcf/d) of natural gas south of the border. Valley Crossing will reinforce the Lone Star State’s status as a major provider of natural gas to Mexico, connecting its primary customer—the Comisión Federal de Electricidad (CFE), Mexico’s state-owned utility—to the Agua Dulce gas hub. It will also help support Mexico’s growing electricity generation needs, as power companies like the CFE choose natural gas—a cleaner-burning fuel than fuel oil or diesel, and more economically viable via pipeline than imported LNG. “Mexico imports much of its natural gas needs now—its total market is 8 Bcf a day, with about 5.5 Bcf a day coming from the U.S.—and a lot of that is from Texas,” notes Kurt Knight-Turcan, Enbridge’s business development lead for Valley Crossing. Adds...

Nov 4, 2024 Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), has selected Kiewit, through its subsidiaries Kiewit Engineering Group Inc. and Kiewit Energy Group Inc., to lead the engineering, procurement, and construction (“EPC”) of Texas LNG under a lump-sum turnkey (“LSTK”) structure. Additionally, Texas LNG will work with Kiewit to promptly complete the pre-final investment decision (“FID”) engineering required for the project to proceed to a FID, which aligns with Texas LNG’s recent announcement of selling sufficient offtake for a FID. Brendan Duval, CEO and Founder of Glenfarne, and Co-President of Texas LNG, remarked, “Texas LNG received immense interest from world-class contractors that wanted to be involved in the project. Kiewit’s proposal, capability, and partnership vision for Texa...

Sep 10, 2025 Texas LNG Brownsville LLC , a four million tonnes per annum (“MTPA”) liquefied natural gas export terminal to be constructed in the Port of Brownsville, Texas, has signed a definitive 20-year Sales and Purchase Agreement with Gunvor Singapore Pte Ltd for 0.5 MTPA of LNG from Texas LNG on a Free on Board basis. The agreement converts a previous non-binding Heads of Agreement between the two companies. Texas LNG Brownsville LLC is a subsidiary of Glenfarne Energy Transition, LLC, and Gunvor Singapore Pte Ltd is a subsidiary of Gunvor Group. “Texas LNG is moving rapidly towards a targeted year-end Final Investment Decision,” said Glenfarne Chief Executive Officer and Founder Brendan Duval. “Our agreement with Gunvor continues our progressing of successfully completed commercial contracts, sufficient for FID, for Texas LNG. Together with the advanced state of project financing and completion of the FERC process last month, this project is poised to unlock the superior benefits...

25 May 2021 Wilhelmsen Ship Management (WSM) is proud to announce the smooth and successful takeover of Ertuğrul Gazi (IMO : 9859820), the first Turkish-flagged floating storage and regasification unit (FSRU). The new-build, built at Hyundai Heavy Industries, South Korea, is owned by the Turkish state-owned crude oil and natural gas pipeline company, BOTAŞ. The newly built FSRU completed its sea trials in March 2021 and will operate in the İskenderun Bay, Hatay Dörtyol, in the southeast of Turkey. “It is an honour for us to be entrusted for the management of Turkey’s first Turkish-flagged FSRU. We would like to thank BOTAŞ for giving us this opportunity, we will strive to deliver the best ship management experience to our new client,” says Carl Schou, CEO and President of Wilhelmsen Ship Management. Ertuğrul Gazi will be connected to the LNG terminal at Hatay, Turkey . The FSRU has an LNG storage capacity of 170 thousand cubic meters, which equals to 102 million cubic meters in gas fo...

23/9/2020 The final stage has been reached in Türkiye's new FSRU vessel "Ertuğrul Gazi", one of the largest investments of BOTAŞ. In his speech, the Minister of Energy and Natural Resources, Fatih Dönmez, expressed that they devoted themselves for Türkiye to be independent in all fields, and said “We will continue to walk on the right path for independence in economy, diplomacy, security and most importantly, energy. Dönmez continued his words stating that Türkiye’s natural gas storage capacity has recently been significantly improved with new underground natural gas storage, LNG and FSRU facilities. The Minister also shared a news about the FSRU, the construction of which had started two years ago with the instruction of the President, that the vessel would arrive in Türkiye by the end of the year. The FSRU, named “Ertuğrul Gazi” by the President, is still being tested at present. Once the testing process is finished, it will head for Türkiye. Currently, there are two FS...

October 26, 2023 TotalEnergies announces the commissioning of the Cape Ann, its floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The terminal injected its first megawatt-hours (MWh) of gas into the grid operated by GRTgaz, using LNG from Norway. TotalEnergies has contracted 50% of the terminal's annual capacity of around 5 billion cubic meters, to supply it with LNG from its global portfolio. The remaining capacity will be marketed according to rules approved by the regulator. Cape Ann in Key Figures Maximum regasification capacity: 5 billion cubic meters per year, or around 10% of French consumption Storage capacity: 142,500 cubic meters Vessel dimensions: 283 meters x 43.40 meters Draught: 50 meters Deadweight: 112,457 tons Lightship: 31,676 tons Date of first launch: June 2010 Owner: Höegh LNG Flag: French

November 25, 2025 In 2022, when Europe faced a major energy crisis due to a sharp decline in gas imports from Russia, France had to increase its imports of liquefied natural gas (LNG) to ensure its own energy security and contribute to that of Europe. To this end, and at the request of the authorities, TotalEnergies provided France, at its own expense and without any public subsidies, with a LNG floating storage and regasification unit (FSRU) in the port of Le Havre . This terminal acted as a “safety net,” with its additional gas import capacity proving potentially very useful in the event of significant consumption peaks caused by winter weather conditions or geopolitical tensions. In doing so, TotalEnergies made a full contribution to the country’s energy sovereignty in a highly tense and uncertain context. Now that gas supply conditions in France and Europe have stabilized, the Company notes that the floating LNG terminal in Le Havre is no longer necessary, as evidenced by its lack ...

8 April 2025 The regasification unit BW Singapore, which has been moored 8.5 kilometres off the coast of Punta Marina since 28 February, is ready to enter operation. With the arrival of the first cargo of U.S. LNG, delivered by the tanker Flex Artemis on 3 April, the commissioning activities of the facility preliminary to the start of the first phase of commercial operations, scheduled for early May, began. This was confirmed by Snam CEO Stefano Venier during a visit to the offshore terminal by Environment and Energy Security Minister Gilberto Pichetto Fratin and Emilia-Romagna Region President Michele de Pascale. “With the entry into operation of the Ravenna terminal , we are adding another fundamentally important element to the process of securing the country's energy supply, which began in the aftermath of the Russian-Ukrainian crisis and has been made possible by the joint efforts of institutions and companies at both national and local level,” Venier commented. "We are no...

The comprehensive facility expansion, involving the installation of additional vaporisers, the construction of a second jetty and erection of the third in-process LNG storage tank resulted in the increase of annual regasification capacity of the LNG Terminal in Świnoujście up to 8.3 bcm as of 1 January 2025. The expansion of the Terminal has contributed to the achievement of one of the key objectives of the Polish Energy Policy pertaining to diversification of the sources and directions of natural gas supply. Owing to the LNG Terminal, Poland has gained the possibility of importing liquefied natural gas from various parts of the world, and following the regasification process, the fuel is further transported by pipelines across the country and beyond. In 2015, the capacity of the LNG Terminal in Świnoujście being an entry point to the national transmission network, amounted to 5 bcm per year. By comparison, as of 1 January 2025, the regasification capacity of the Terminal is 8.3 bcm an...

EemsEnergyTerminal is excited to announce that it has entered a strategic partnership with the Belgian shipping group Exmar as part of its preparation for extended operations in the Eemshaven after September 2027. FSRU-based LNG import terminal Together, we intend to develop a Floating Storage and Regasification Unit (FSRU)-based LNG import terminal by converting a large LNG carrier into a modern FSRU, designed to enhance terminal efficiency and seamlessly integrate with the existing Eemshaven LNG (red) unit, currently operated by Exmar as part of the EemsEnergyTerminal. Security of supply This terminal set-up is expected to remain operational until at least 2036. It offers a storage capacity of approximately 190,000 m3 of LNG and provides customers with direct access to the Dutch TTF gas market. This development supports the continued diversification of supply sources and strengthens the security of supply for Europe. Project milestones All conditions to enable future customers to ac...

Vopak has completed the principle agreement that was announced in April 2023 and has become a 50% shareholder in EemsEnergyTerminal , an LNG import terminal of 8 billion cubic meter (bcm) per year located in the Eemshaven in the Netherlands. This terminal has been operational since September 2022. Gasunie and Vopak are working to increase the capacity further towards 10 bcm per year, highlighting the commitment of the partners to jointly develop and operate open access LNG infrastructure and contribute to the energy security of Europe. The partners are planning the further development of the Eemshaven site to facilitate the import of green hydrogen. The total investment by Vopak to acquire 50% of EemsEnergyTerminal is just above EUR 80 million with cash out in two installments in Q4 2023 and in Q2 2024. This acquisition will positively contribute to Vopak’s operating cash return for the remainder of the year and has limited impact on the Vopak full year 2023 EBITDA outlook.

July 28, 2025 Today, Venture Global, Inc. (NYSE: VG) is announcing a final investment decision (FID) and successful closing of the $15.1 billion project financing for the first phase of the company’s third project, Venture Global CP2 LNG (CP2) , together with the associated CP Express Pipeline. This milestone represents the largest standalone project financing ever, and the second largest project financing after the combined financings of Venture Global’s Plaquemines LNG. The transaction garnered enormous interest from the world’s leading banks, resulting in over $34 billion of commitments, and required no outside equity investment. “We are extremely proud to have taken FID on our third greenfield project in under 6 years with over $80 billion in capital markets transactions executed to date,” said Venture Global CEO Mike Sabel. “This success would not be possible without the dedication and relentless execution of the entire Venture Global team. Our significant early investments and w...

September 8, 2025  Commonwealth LNG (“Commonwealth”) announced today it has signed a Sale and Purchase Agreement (SPA) with EQT Corporation (NYSE: EQT), one of the largest natural gas producers in the United States. The agreement provides for the sale of 1 million tonnes per annum (Mtpa) of LNG for 20 years from Commonwealth’s 9.5 Mtpa export facility currently under development on the Gulf Coast in Cameron Parish, Louisiana. Under the terms of the agreement, EQT will purchase LNG on a free-on-board basis at a price indexed to Henry Hub. The definitive agreement marks a significant milestone in both companies’ efforts to deliver responsibly sourced, low emission natural gas to international markets. “The agreement with EQT is a strong endorsement of our integrated natural gas platform, featuring a unique wellhead-to-water strategy that meets burgeoning demand for LNG across global markets, while advancing U.S. energy leadership and economic growth,” said Ben Dell, Managing Partne...