Louisiana: Export of ‘Cameron LNG’ started: Henry Hub natural gas market price
October 31, 2019
Liquefied natural gas: “Cameron LNG”
In Louisiana, USA, the export business of liquefied natural gas “Cameron LNG”, in which a Japanese company participates, has started.
Cameron LNG Terminal: Louisiana, USA
Phase 1:
The first to third lines will produce 4 million tons each.
In total, 12 million tons of natural gas will be liquefied, produced and exported annually.
Cameron LNG: Investment ratio
US Sempra (California): 50.2% investment
Mitsui & Co .: 16.6% investment
Japan LNG (JV between Mitsubishi Corporation and NYK): 16.6% investment
France Total: 16.6% investment,
First series production:
Production of the first line started on May 14, 2019 in the presence of President Trump (see the article on May 15, 2019).
Sempra has shipped its first cargo at the end of May.
Second and third series production:
Production of the 2nd and 3rd series will start after the first quarter of 2020.
US LNG: Pricing
The price is set based on the “US Henry Hub Natural Gas Market Price” and there is no restriction on the destination.
It will be exported mainly to Asia, where demand is expected to expand.
China: Shift to natural gas
In China, the shift from coal to natural gas, which emits less carbon dioxide (CO2), is progressing as a fuel for power generation.
United States: Energy Information Authority (EIA)
According to a report released on October 28 by the US Energy Information Agency (EIA), “China’s natural gas consumption will reach nearly three times that of 2018 in 2050.”
-JETRO
https://www.jetro.go.jp/biznews/2019/10/32f313b1aa2c254b.html
Gov. Edwards, Cameron LNG Officials Dedicate Multibillion-Dollar Export Facility | Office of Governor John Bel Edwards
http://gov.louisiana.gov/index.cfm/newsroom/detail/2240
EIA projects that natural gas consumption in Asia will continue to outpace supply – Today in Energy – U.S. Energy Information Administration (EIA)