Trump’s energy department OKs new Cameron LNG terminal

Trump’s energy department OKs new Cameron LNG terminal

Residences stand in front of a Venture Global LNG storage tank in Cameron, Louisiana. (Getty Images)On many nights, John Allaire can turn off the lights in his house and keep reading a book by the glow of 80-foot-high flares blasting from a gas export terminal a mile away. The prospect of a second liquified natural gas (LNG) terminal in his once-peaceful corner of southwest Louisiana is unsettling for Allaire, a retired oil and gas engineer whos…

Louisiana already has 4 LNG terminals. It just added another.

On many nights, John Allaire can turn off the lights in his house and keep reading a book by the glow of 80-foot-high flares blasting from a gas export terminal a mile away.  The prospect of a second liquefied natural gas, or LNG, terminal in his once-peaceful corner of southwest Louisiana is unsettling for Allaire, a retired oil and gas engineer whose house sits near Calcasieu Pass.  “There’s the ongoing noise pollution, ongoing flaring,” he sa…

New LNG plants pose risks to Mexico's economy

Energy Transfer seals Lake Charles LNG supply deals

During the company’s earnings call on Tuesday, Energy Transfer’s co-CEO, Tom Long, said that Energ Transfer is making “substantial” progress towards commercialization of the project. He noted that Lake Charles LNG and MidOcean Energy, the LNG unit of US-based energy investor EIG, recently signed a heads of agreement, which provides a non-binding framework for the joint development of the LNG project. Pursuant to the HOA, MidOcean would commit to…

Venture Global Secures $3B Loan for CP2 LNG

Venture Global secured $3 billion in syndicated borrowings to help fund the under-construction CP2 LNG in Cameron Parish, Louisiana.