Project Spotlight: Driftwood LNG [LNG Condensed]
Developer Tellurian announced that it had entered into a memorandum of understanding (MOU) with Swiss trader Vitol to supply 1.5mn mt/year of LNG and the Louisiana Board of Commerce and Industry voted to grant the project the first tranche of a tax break poten- tially worth more than $2bn over 10 years.
This good news built on some earlier positive developments. As Henry Hub gas prices rose above $4/mn Btu in late November, owing to high- er winter demand following low injection rates over the summer, prices went the other way at the Waha gas hub in the Permian basin, falling as low $0.25/mn Btu. Some instances were reported of negative prices – producers actually paying to have their gas taken away.
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Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
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LNG Condensed brings you independent analysis of the LNG world's rapidly evolving markets. Covering the length of the LNG value chain and the breadth of this global industry, it will inform, provoke and enrich your decision making. Published monthly, LNG Condensed provides original content on industry developments by the leading editorial team from Natural Gas World. LNG Condensed is your magazine for the fuel of the future. |
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