Q4 2017 North America LNG projects update: Total buys into Cameron LNG Report

Insight 06 December 2017

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Report summary

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.

Recent developments
Corporate moves
- Total acquires Engie LNG business for US$1.49 billion
- Pieridae completes merger with Petrolia
Regulatory
- Calcasieu Pass advances with FERC Notice of Schedule
- Jordan Cove starts formal FERC review; faces entrenched local opposition
EPC contract
- Tellurian signs EPC terms for Driftwood LNG
Marketing
- Venture Global notched up its second sale and purchase agreement (SPA) at Calcasieu Pass
- Tellurian offers equity offtake
- Trump's Asia tour yields multiple MoUs
Commissioning activities
- Sabine Pass Train 4 substantial completion, runs above nameplate
- Cove Point enters commissioning
Projects under construction
- Delays to Cameron and Freeport

Tables and charts

This report includes 6 images and tables including:

Driftwood LNG: EPC costs
Project Activity
Status of FERC applications

US LNG terminal locations
Status of Canada CEAA / BC EAO applications
Timeline from FID to delivery (first LNG) by individual LNG train

What's included

This report contains:

details-of-us-china-lng-deals.pdf

PDF 318.62 KB
Q4 17 North America LNG FID Tracker.xls

XLS 10.63 MB
Q4 2017 North America LNG projects update: Total buys into Cameron LNG

ZIP 1.63 MB
Q4 2017 North America LNG projects update: Total buys into Cameron LNG

ZIP 1.63 MB