Exporting

MDN chronicled the rise and fall of Tellurian, founded by Charif Souki (who also founded Cheniere Energy), and Tellurian’s LNG export project, Driftwood. Tellurian’s primary focus was to build Driftwood LNG, a 27.6 million tonnes per annum (MTPA) facility that would cost $14.5 billion. Construction began on the project in March 2022, even without a final investment decision (see Tellurian Begins Construction of Driftwood LNG with No FID). The company spent more than $1 billion building Driftwood before its financial wheels came off. In July 2024, Australian LNG giant Woodside announced a deal to buy Tellurian and Driftwood for $1.2 billion, renaming it Louisiana LNG (see Australia’s Woodside Buying Tellurian & Driftwood LNG for $1.2B). Woodside pulled the trigger on an FID earlier this year and, as of last week, reports the plant is now 22% built and on track to start up in 2029 (see Former Driftwood LNG Plant Already 22% Built, On Track to Start 2029). Read More “Woodside Lands Turkey’s BOTAS as Customer for Former Driftwood LNG”

Not quite a month ago, EQT Corporation, the largest Marcellus/Utica-only natural gas producer (second largest natural gas producer in the country) signed a deal with Sempra’s Port Arthur LNG Phase 2 project in Jefferson County, Texas, to buy (not sell) LNG from the plant to resell it to other countries (see EQT Announces Deal to *Buy* LNG from Sempra’s Port Arthur LNG). The deal was contingent upon Sempra making a final investment decision (FID) to proceed with building the project. Yesterday, Sempra made its decision and is moving forward. Read More “Sempra’s Port Arthur LNG Facility Makes FID to Build Phase 2”

MDN chronicled the rise and fall of Tellurian, founded by Charif Souki (who also founded Cheniere Energy), and Tellurian’s LNG export project, Driftwood. Tellurian’s primary focus was to build Driftwood LNG, a 27.6 million tonnes per annum (MTPA) facility that would cost $14.5 billion. Construction began on the project in March 2022, even without a final investment decision (see Tellurian Begins Construction of Driftwood LNG with No FID). The company spent more than $1 billion building Driftwood before all the wheels came off financially. In July 2024, Australian LNG giant Woodside announced a deal to buy Tellurian (and Driftwood) for $1.2 billion, renaming it Louisiana LNG (see Australia’s Woodside Buying Tellurian & Driftwood LNG for $1.2B). Woodside pulled the trigger on an FID earlier this year. Read More “Former Driftwood LNG Plant Already 22% Built, On Track to Start 2029”

Earlier this week, NextDecade Corporation announced it had reached a final investment decision (FID) to move forward with construction of Train 4 at its Rio Grande LNG export facility in Brownsville, Texas, within the Port of Brownsville. Rio Grande LNG is being developed on a 984-acre site along the Brownsville Ship Channel, approximately 3 miles east of Port Isabel. The expected LNG production capacity of Train 4 is 6 MTPA (million tonnes per annum, which translates to roughly 0.8 Bcf of natural gas used per day), bringing total expected LNG production capacity under construction at Rio Grande LNG to approximately 24 MTPA (3.2 Bcf/d). Read More “NextDecade Announces Positive FID on Rio Grande Train 4 LNG Project”

According to the doom and gloomers at Bloomberg, U.S. LNG developers are “racing” to cash in on the nation’s natural-gas export boom while they still can, as global LNG supply will exceed demand by 2027. They’ve got to grab the money now before it disappears, according to Bloomberg. Four U.S. LNG projects with the capacity to export 63 million tons of LNG a year are still awaiting final investment decisions, while $35 billion in U.S. plants already under construction “face headwinds.” To add tension to the article, it points out that by 2030, rival Qatar will have finished its own years-long LNG buildout. By 2031, a massive pipeline expansion by Gazprom PJSC could begin funneling more of Russia’s natural gas to China. Yes, these LNG exporters along the Gulf Coast may as well hang it up right now because, you know, it’s all doom and gloom. Read More “List of U.S. LNG Projects Under Construction & Close to FID”

In August 2025, the United States achieved a brand new record high in liquefied natural gas (LNG) exports, exporting 9.33 million metric tons—surpassing April’s previous record of 9.25 million and July’s 9.1 million—as plants returned from maintenance and Venture Global’s Plaquemines facility expanded output. Plaquemines, a 27.2 MTPA plant that began operations in December 2024, contributed 1.6 million tons, or 17% of the total, and is expected to be fully operational in September. Europe took 6.16 million tons (66%, up from 58% in July) amid lower storage levels, while exports to Asia fell to 1.47 million tons. Egypt imported 0.57 million tons, and Latin America’s imports dropped to 0.69 million tons, with 0.37 million tons unallocated. Read More “U.S. Hits All-Time High for LNG Exports in August – 9.33 Million MT”