中文 | Homepage
Login | Contact Us
Search
loading...
Industrial Updates
International Shipping
Domestic Shipping
Ports
Logistics
International Shipping Center
China Shipping Prosperity Index
Global Port Development
China Shipping & Ports
International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
International Shipping
First LNG cargo leaves Texas site as American fuel exports grow
Date:2019-09-07 Readers:

THE first cargo of liquefied natural gas (LNG) has set sail from a US$15 billion Texas export terminal, amplifying America's growing influence on the global market for the fuel.

LNG Jurojin departed Freeport LNG Development LP's facility on Tuesday, according to a statement from the company, making the terminal, 67 miles south of Houston, the fifth to ship super-chilled gas from US shale fields. 

Royal Dutch Shell will take the first two deliveries from Freeport, according to a person familiar with the matter. The cargo is headed for the Jebel Ali terminal in Dubai, the United Arab Emirates, ship-tracking data on Bloomberg show.

Since the first US LNG export terminal began operating in Louisiana in 2016, the nation has become the world's third-largest supplier of the fuel, sending gas to buyers as distant as Japan. 

The start-up of Freeport has provided a key outlet for Texas production; helping to boost gas prices from 1990s-era seasonal lows.

America may surpass Qatar and Australia to become the biggest exporter by 2025, according to Morgan Stanley. But a global glut is threatening the derail the next wave of US LNG projects.

Freeport is seeking to build four LNG production units, or trains, with a capacity of more than 20 million tons per year, most of which is contracted under 20-year supply agreements. Train 1 was previously slated to begin production in the fourth quarter of 2018, but was delayed amid contractor snags.

 

http://www.shippingazette.com/menu.asp?encode=eng

 

Back:  Global reefer box trade outperforms global container sector: ONE
Next:  Iran plans to bring its Shahid Rajaee Port to state-of-art status
China Shipping Database
China Shipping Database
Shipping Market Analysis
 
 
Copyright © 2008-2015 Shanghai International Shipping Institute (SISI) All Rights Reserved. Support by sk-vision & boondns. 沪ICP备05052059号-7