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Cameron LNG begins exports
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Report summary
First LNG at Train 1 comes four and a half years from construction starting. The original schedule was for all of the project's three trains to be producing in 2018. Despite the schedule slippage, Cameron LNG's economics remain robust. Capital costs to Cameron LNG have risen, but not by that much, and the project can break even at $2.50/mmbtu. Most of the cost overrun is being shouldered by the EPC contractor, a joint venture of CB&I and Chiyoda. CB&I's merger with McDermott, completed in May 2018, is partly a consequence of the losses incurred at Cameron, which are expected to exceed $1.5 billion.
Table of contents
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Event
- Implications
- US LNG pushes above 5 bcfd
Tables and charts
This report includes 1 images and tables including:
- Feedgas to US LNG terminals
What's included
This report contains:
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