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Daily Prices

8/30/24

Freeport LNG Restarts After False Alarm – Three Things to Know About the LNG Market

By Jamison Cocklin

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Published in: Daily Gas Price Index Filed under:

NO. 1: Following a series of delays, Golden Pass LNG has asked the Federal Energy Regulatory Commission for a three-year extension to finish construction of the 18 million metric tons/year export project in Texas.

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Golden Pass, a joint venture between QatarEnergy and ExxonMobil, wants to extend the deadline from Nov. 30, 2026 to Nov. 30, 2029.

The project needs more time because of delays caused by the bankruptcy of its lead construction contractor Zachry Industrial Inc., the transition to new lead contractor McDermott and “other possible delays…that may occur such as potential hurricane impacts, and for commissioning and startup activities,” the company stated.

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Jamison Cocklin

Jamison Cocklin joined the staff of NGI in November 2013 to cover the Appalachian Basin. He was appointed Senior Editor, LNG in October 2019, and then to Managing Editor, LNG in February 2024. Prior to joining NGI, he worked as a business and energy reporter at the Youngstown Vindicator, covering the regional economy and the Utica Shale play. He also served as a city reporter at the Bangor Daily News and did freelance work for the Associated Press. He has a bachelor's degree in journalism and political science from the University of Maine.