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Plaquemines LNG Shows Signs of Startup

LNG

The LNG tanker Qogir, with a cargo from Norway, is waiting outside the new US Plaquemines liquefaction plant owned by Venture Global.

  • This looks like a sign the plant is making good progress towards starting up production according to ICIS analyst Alex Froley.
  • The plant is likely to receive cool down cargoes before producing by itself which this vessel may be providing.
  • “It probably won't be producing its own cargoes in the next couple of weeks, but this is a good sign for output in coming months and some spot cargoes coming into the market before the end of the year,” Froley said.
  • Commissioning cargoes may then head to spot buyers like Venture Global has controversially done at its Calcasieu Pass plant.

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