Q4 2017 North America LNG projects update: Total buys into Cameron LNG
Total's entry into Cameron LNG could provide impetus for a fourth train expansion. A final investment decision on Train 4 was close to being reached in 2016, but delayed due to lack of joint venture alignment. Cameron Train 4 and Corpus Christi Train 3 are the most advanced of the proposed US expansion projects. But momentum is also building around the mid-scale projects – Driftwood and Calcasieu Pass. In November, Driftwood released the terms of its EPC contract, providing a full breakdown of costs. And Calcasieu Pass recently concluded its second SPA and is close to completing its FERC review. The Gulf Coast is becoming a battleground between proposed conventional and modular LNG. With its 23% interest in Tellurian to add to its recent Engie acquisition, Total now has a stake in both.