CB&I Chairman and CEO Philip K. Asherman, May 23, 2014 in The Woodlands, TX. (Eric Kayne/For the Chronicle)

CB&I reports net profit, new contracts

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CB&I said it made a net profit of $169.5 million, or $1.55 million per diluted share, during the April through June period, which was up from $142.4 million during the same time last year when the company was struggling more financially. The total revenues were down slightly at $3.2 billion from $3.3 billion last year.
Liquefied natural gas export terminals including Cheniere Energy's $18 billion Sabine Pass facility nearing completion  in Cameron Parish, Louisiana,  should boost demand for U.S. natural gas. (Cheniere Energy photo)(Cheniere Energy)

Most U.S. LNG projects won’t cross the finish line, new study says

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A handful of U.S. LNG export projects will cross the finish line, but construction seems increasingly unlikely for the remaining proposals, according to a new study that adds to the chorus of voices raising doubts about the flurry of developments announced in the wake of the U.S. shale boom.
A liquefied natural gas (LNG) tanker operated by Energy Advance Co., a unit of Tokyo Gas Co., is moored at the company's Sodegaura plant in Sodegaura City, Chiba Prefecture, Japan, on Thursday, March 22, 2012. (Tomohiro Ohsumi/Bloomberg)

$71 billion in U.S. LNG projects not needed in low-carbon world, group says

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The shale revolution spurred a flurry of proposals to build new U.S. export terminals to ship LNG overseas, but investors should take a long hard look at the projects they intend to fund amid a push to limit global warming within 2 degrees Celsius in the next century.
Categories: LNG
Chenieretour

Cheniere to take on $5.8 billion in debt to pave way for Sabine Pass construction

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The Houston-based LNG company announced Monday that it’s working with 18 financial institutions to arrange the financing, including $4.6 billion of credit and a $1.2 billion revolving credit facility.
Chenieretour

Cheniere gets OK to export from Sabine Pass expansion

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The first four trains are nearing the finish line, putting Cheniere on track to produce its first batch of LNG later this year, but work can’t start on the expansion project until Cheniere makes a final investment decision.
The Pearl gas-to-liquids plant in Qatar is the largest in the world. A&M has established a new research center in Qatar to delve into shale gas studies and train students for jobs in gas processing. (Photo: Shell)

Qatar Petroleum expanding overseas with focus on production

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QP has shifted priorities since leading Qatar’s transformation into the largest LNG supplier and is seeking now to manage a slump in the nation’s oil output while expanding internationally.
Liquefied natural gas export terminals including Cheniere Energy's $18 billion Sabine Pass facility nearing completion  in Cameron Parish, Louisiana,  should boost demand for U.S. natural gas. (Cheniere Energy photo)(Cheniere Energy)

Cheniere clears hurdle to expand Sabine Pass LNG terminal

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Cheniere Energy cleared a regulatory hurdle to expand its Sabine Pass liquefied natural gas export terminal after federal regulators Tuesday dismissed an environmental group’s concerns about the project.
Categories: LNG
An artist rendering of Cheniere Energy's proposed LNG export terminal in Corpus Christi.

Kinder Morgan LNG export project applies for FERC approval

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Kinder Morgan is seeking Federal Energy Regulatory Commission to build the $8 billion LNG export project near Pascagoula, Mississippi. The applicants are seeking FERC approval no later than June 17, 2016.
Charif Souki, CEO of Cheniere Energy speaks during an interview. (James Nielsen/Houston Chronicle)

Cheniere reveals plans for additional LNG projects

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Cheniere plans to expand its liquefied natural gas empire, adding two additional production units in Corpus Christi and partnering with a smaller Houston-based LNG company to build new projects in Louisiana.
Liquefied natural gas export terminals including Cheniere Energy's $18 billion Sabine Pass facility nearing completion  in Cameron Parish, Louisiana,  should boost demand for U.S. natural gas. (Cheniere Energy photo)(Cheniere Energy)

Warm weather deepens chill on natural gas markets

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The possibility that natural gas inventories are heading for record highs have sent benchmark prices down year-over-year from $4.50 to $2.71 per million Btu.