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Poland's Orlen Files Complaint Against Venture Global LNG

Orlen lodged a case against Venture Global alleging the US LNG exporter wasn t honoring a long-term contract. ....

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Orlen Files Arbitration Case Against Venture Global in LNG Spat

Orlen Files Arbitration Case Against Venture Global in LNG Spat
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Oil, Gas, And Fracking News Reads: 20December 2020

The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic feet of natural gas that have been in storage as of the 11th of December in recent years..the 122 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast from an S&P Global Platts survey of analysts who had expected a 127 billion cubic foot withdrawal, but was higher than the average withdrawal of 105 billion cubic feet of natural gas that have typically been pulled out of natural gas storage during the same week over the past 5 years, and ....

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Gulf Coast LNG Project Proceeding Ahead of Schedule

by Bloomberg
|Wednesday, December 16, 2020
Construction on the next major US LNG terminal is ahead of schedule and cargoes for a second project will be fully contracted by mid-2021, according to the developer s top executive.
(Bloomberg) Construction on the next major liquefied natural gas export terminal in the U.S. is ahead of schedule and cargoes for a second project will be fully contracted by the middle of 2021, according to the developer’s top executive.
Venture Global LNG Inc. plans to have six of 18 production units at the Calcasieu Pass plant in Louisiana installed by mid-February, Chief Executive Officer Mike Sabel said in an interview with Bloomberg TV. Commercial operations are expected in 2022. The first phase of Plaquemines LNG, the company’s second project in the state, will be fully contracted by the end of June, Sabel said. ....

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Next U.S. LNG Exporter Says Project Ahead of Schedule

Next U.S. LNG Exporter Says Project Ahead of Schedule
Bloomberg
12/16/2020
Sergio Chapa and Alix Steel
© Bloomberg
Michael Sabel, co-chairman and co-chief executive officer Venture Global LNG Inc., speaks during the 2019 CERAWeek by IHS Markit conference in Houston, Texas, U.S., on Wednesday, March 13, 2019.
(Bloomberg) Construction on the next major liquefied natural gas export terminal in the U.S. is ahead of schedule and cargoes for a second project will be fully contracted by the middle of 2021, according to the developer’s top executive.
Venture Global LNG Inc. plans to have six of 18 production units at the Calcasieu Pass plant in Louisiana installed by mid-February, Chief Executive Officer Mike Sabel said in an interview with Bloomberg TV. Commercial operations are expected in 2022. The first phase of Plaquemines LNG, the company’s second project in the state, will be fully contracted by the end of June, Sabel said. ....

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