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ERCOT 2019 Summer Quarter Outlook

LCG, May 29, 2019-- LCG released a new summer (June – September 2019) report that looks at how the ERCOT grid copes with strained network conditions. Resource adequacy analysis for the region is especially important during extreme summer loading conditions. This summer the network is under particular scrutiny as the reserves have tightened because of recent retirements.

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South Field Energy Breaks Ground for 1,182-MW Power Plant

LCG, May 16, 2019--South Field Energy LLC announced yesterday its groundbreaking for an 1,182-MW, combined-cycle electric generating facility in Columbiana County, Ohio. The natural gas-fired facility is scheduled to commence operations in mid-2021 and represents a $1.3 billion investment.

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Industry News

Freeport LNG Awards EPC Contract for Third Train at Texas Facility

LCG, March 27, 2015-CB&I yesterday announced that a joint venture (JV) between CB&I, Chiyoda International Corporation, and Zachry Industrial, Inc., was awarded a contract valued over $2 billion by FLNG Liquefaction 3, LLC (Freeport LNG) for the engineering, procurement and construction (EPC) of the third train of the three-train liquified natural gas (LNG) liquefaction and export facility on Quintana Island, near Freeport, Texas.

CB&I and Zachry, with support from Chiyoda, began construction on trains one and two in November 2014. Freeport LNG expects to achieve commercial operation of the first liquefaction train in late 2018, with the second two trains expected to achieve commercial operations in the following year. The combined, three-train LNG liquefaction facility will have a total capacity in excess of 13.9 million tons per year of LNG.

Last July Freeport LNG received authorization from the Federal Energy Regulatory Commission (FERC) to site, construct, and operate facilities to liquefy and export domestic natural gas from its existing LNG import terminal located near the city of Freeport, Texas. Domestic natural gas will be transported via pipeline and pretreated near Freeport LNG's existing metering, compression and underground storage facilities. The pretreated natural gas will then be delivered to the terminal through Freeport LNG's existing gas pipeline. At the terminal it will be liquefied and then stored in full-containment LNG storage tanks. LNG will be exported from the terminal by LNG carriers arriving via marine transit through the Freeport Harbor Channel.

The existing Freeport LNG facilities were designed and installed to import LNG to the United States in response to forecast declines in domestic natural gas supplies. Construction on the import project started in January 2005 and was completed in June 2008. With the tremendous growth in domestic shale gas production, there are now a number of LNG export projects that have filed formal applications that are now pending before the FERC.
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