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Producción y mercados energéticos 12/12/18

Latest Energy News  12 December 2018
TOP STORY:

Cheniere Energy starts exports at Corpus Christi LNG first terminal (US)
According to US-based project company Cheniere Energy, the first commissioning cargo of LNG has loaded and departed from its US$15bn Corpus Christi liquefaction and export terminal project in Texas (United States). This marks the first export of LNG from the state and as well from a greenfield export project in the Lower 48 states.

The first 4.5 Mt/year train of the Corpus Christi project started to produce LNG in November 2018 and will reach substantial completion in the first quarter of 2019. It is the first step of the first phase, which includes three 4.5 Mt/year liquefaction trains. The second and third trains are under construction and are slated to be commissioned in the second half of 2019 and in the second half of 2021, respectively. The second phase of the project will include 7 smaller LNG trains of 1.4 Mt/year each (total capacity of 9.5 Mt/year), which will be brought online in 2022..
Companies

Hydro One and Avista ask US regulator UTC to reconsider merger rejection
The Canadian electricity transmission and distribution provider Hydro One and its buyout target, the US energy group Avista Corporation have announced plans to file a petition, asking the Washington Utilities and Transportation Commission (UTC) to reconsider its order rejecting their planned merger. Earlier in December 2018,… Read more

Eletrobras divests power distribution affiliate Amazonas Energia (Brazil)
Brazilian state-run energy utility Eletrobras has sold its power distribution subsidiary Amazonas Distribuidora de Energia at an auction for a symbolic amount of BRL50,000 (US$13,000). It also announced that it will assume its BRL13bn (US$3.3bn) in debt before passing it to the new owner, the Brazilian consortium Oliveira Energia-Atem,… Read more

ConocoPhillips will invest US$6.1bn in capital expenditure for 2019 (US)
US-based oil and gas company ConocoPhillips has set its full-year 2019 capital expenditure budget at US$6.1bn, a stable amount compared to 2018 capital expenditures excluding acquisition costs. Approximately US$3.1bn will be allocated to the Lower 48 states (United States) and particularly across the Eagle Ford, Bakken and Delaware (Big 3) unconventional plays. Read more

Energy Markets

Novatek’s Yamal LNG export project ramps up to full capacity (Russia)
According to the Russian independent gas producer Novatek, its joint venture (JV) Yamal LNG has reached full capacity at the plant’s three LNG liquefaction trains. The three 5.5 Mt/year liquefaction trains of the Yamal LNG project are now operational with a total combined nameplate capacity of 16.5 Mt/year. Read more

Infrastructure & Investments

EDF Energy pours concrete at Hinkley Point C nuclear project (UK)
First concrete has been poured for the common raft at the Hinkley Point C-1 nuclear project in Somerset (United Kingdom), marking the start of the construction phase. The raft will be a cross-shaped platform of grade concrete reinforced with steel, which will support the reactor building, the fuel building along with four sections for safeguard and electrical systems. Read more

CNNC installed the reactor pressure vessel of the Fuqing-6 unit (China)
State-run nuclear group China National Nuclear Corporation (CNNC) has installed the reactor pressure vessel at the 1,000 MWe (1,150 MWe gross) Fuqing-6 reactor in the Fujian province of China. Read more

Enterprize Energy plans to build 3.4 GW wind park in Ke Ga (Vietnam)
UK-based offshore wind project developer Enterprize Energy has revealed plans to develop a 3,400 MW offshore wind park in Ke Ga, off the south central province of Binh Thuan in Vietnam. This huge project will require total investments of at least US$12bn and will be carried out in several 600 MW phases. It will consist of 9.5 MW wind turbines supplied by Mitsubishi Vestas Offshore Wind,… Read more

Mexico will tender US$8bn Tabasco refinery project in March 2019
The Mexican government has announced plans to build the country’s seventh refinery at the Dos Bocas port in Tabasco (Mexico). Approximately US$8bn will be invested in the new facility. The bidding process is set to start in March 2019 and commissioning is currently expected for 2022. Read more

 

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