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Stock impact report

Next US LNG Export Plant Aims to Begin Production in Mid-2024 [BNN Bloomberg (Canada)]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: BNN Bloomberg
The Arlington, Virgina-based company requested approval to receive an LNG shipment to cool down its equipment as part of its start-up process at the Plaquemines LNG facility, according to a regulatory filing dated April 22. That's a key step before LNG exports can begin. The shale revolution has unlocked vast reserves of natural gas across the US, pushing the country to overtake Qatar and Australia as the top LNG exporter last year. US deliveries are slated to double by the end of the decade, as demand across Asia rapidly grows and Europe moves to replace Russian pipeline gas. Plaquemines, which is currently under construction, this last week received some gas supply to its Louisiana pipeline Gator Express. The facility's total planned capacity is 20 million tons per year, with the first phase to produce 10 million tons. In an import license request to the Department of Energy, Venture Global said the facility will need to import foreign-sourced LNG to the facility to cool down Show less Read more
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