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As Russia's gas squeeze intensifies, Germany aims to have LNG import and regasification infrastructure operating later this year in up to four port sites.
Developers weigh options to expedite export infrastructure as Biden administration pushes market to help Europe cut Russia ties, but U.S. and global clean energy pressure clouds long term growth outlook. Issues also are set to scale up mining projects in the U.S.
As conflict expands, Germany looks to extend use of last three nuclear power plants it planned to close this year, while EU gets 10-point plan to cut Russia gas dependence by one-third in a year and Denmark announces new steps to halt Russian gas imports.
Contractor will begin full construction on Driftwood complex in Louisiana under a $15.5-billion fixed-price contract, but gas projects now are set for added federal scrutiny in a tighter FERC approval policy adopted Feb. 17 in a 3-2 vote.
Fluor-led work on B.C. natural gas export terminal, part of estimated $31-billion project, pushes ahead to make up for COVID-19 delay; but final investment decision for $8.1B Goldboro LNG project in Nova Scotia will not be made, developer said July 2.
Firms from Florida, Georgia, Louisiana, New York, Oklahoma, Pennsylvania, Tennessee, Texas and Washington, D.C. will deliver equipment and services exports worth $1.8 billion, with U.S. Export-Import Bank financing.
The project will be located on nearly 3,000 acres of land along three miles of the Sabine-Neches waterway and could become one of the largest LNG export projects in North America.
