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Started By
Message
No Mention of Alaska LNG
Posted on 2/16/25 at 10:15 am
Posted on 2/16/25 at 10:15 am
This is basically all of the production for the announced Alaska LNG project. The old terminal is to be replaced by a new MUCH larger terminal. 7 days to Japan which also received LNG from the old terminal before the local natural gas supply was depleted and the plant retired. Technology for the old terminal the same as that developed by Conoco for the first LNG export terminal near Lake Charles in 1958-1972
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Posted on 2/16/25 at 10:16 am to CitizenK
The new terminal will be the same size as Venture Global in Plaquemine Parish,
Posted on 2/16/25 at 10:18 am to CitizenK
Very cold welder's fixin' to eat.
Posted on 2/16/25 at 10:35 am to CitizenK
quote:
The new terminal will be the same size as Venture Global in Plaquemine Parish,
It will be built and start exporting, but how long can it last financially.
One day Venture Global will look like Brewsters Millions when he sees the office of dreams and tells them to take it all back.
Posted on 2/16/25 at 12:01 pm to Tarps99
quote:
It will be built and start exporting, but how long can it last financially.
40+ years of supply
Posted on 2/16/25 at 12:08 pm to Tarps99
Do you think VG is not a viable
Company and not a good investment?
Company and not a good investment?
Posted on 2/16/25 at 12:36 pm to CitizenK
quote:
The backbone of the Alaska LNG Project is an 807-mile, 42-inch diameter mainline pipeline, including an offshore pipeline section crossing Cook Inlet. With a daily capacity of 3.3 billion cubic feet, multiple compressor stations along the pipeline will help carry natural gas from the North Slope to Southcentral Alaska.
What is the likelihood of this actually happening?
Posted on 2/16/25 at 4:10 pm to ABNRanger
quote:
Do you think VG is not a viable Company and not a good investment?
Check the money board.
IPO was 24 now trading around 16.
Posted on 2/16/25 at 4:12 pm to Tarps99
quote:
IPO was 24 now trading around 16.
Also, look closely at the mgmt team.
Posted on 2/16/25 at 10:48 pm to ChasinTails
quote:
What is the likelihood of this actually happening?
Marathon Petroleum owned the old terminal site but sold it to Harvest Midstream. Harvest is already doing preliminary work there. BTW, the same guy who owns the majority of Harvest also owns the majority of Hilcorp which has the most production on the North Slope after buying up lots of already producing wells.
Posted on 2/16/25 at 10:52 pm to ABNRanger
quote:
Do you think VG is not a viable
Company and not a good investment?
Issues with EPC contractor in Plaquemines Parish who went bankrupt. Issues with one of their plants in Cameron not be declared commissioned yet loading ships sure pissed off companies, like Shell, with long term contracts with them.
Posted on 2/17/25 at 5:29 am to CitizenK
Thanks. Not making this a money board post. I drive past the plant a lot and I’ve seen their new ships headed down the river, so I’m assuming they started delivering from the Plaquemines plant as well.
Any insight on why Shell pissed off?
The second plant in PP is on hold…..I have heard numerous “reasons” for the delay.
Any insight on why Shell pissed off?
The second plant in PP is on hold…..I have heard numerous “reasons” for the delay.
Posted on 2/17/25 at 5:35 am to ABNRanger
Majors are pissed off at VG because they believe that they have gotten screwed by them.
VG is contractually obligated to supply gas to them once the facility is “commissioned”. Prices are locked in as well.
VG has argued that the plant isn’t 100% commissioned but is able to supply gas to customers who buy the gas on the “spot” market.
This has resulted in billions of dollars to VG while the majors like shell get no gas and have to buy elsewhere on the “spot” market.
The courts ruled in VG favor I believe but it has left a bad taste in some people’s mouth.
VG is contractually obligated to supply gas to them once the facility is “commissioned”. Prices are locked in as well.
VG has argued that the plant isn’t 100% commissioned but is able to supply gas to customers who buy the gas on the “spot” market.
This has resulted in billions of dollars to VG while the majors like shell get no gas and have to buy elsewhere on the “spot” market.
The courts ruled in VG favor I believe but it has left a bad taste in some people’s mouth.
Posted on 2/17/25 at 5:53 am to ABNRanger
Shell, BP and Total all call the company untrustworthy.
Posted on 2/17/25 at 6:01 am to bayoutiger225
Most LNG terminals operate on a tolling model where the gas is supplied to them and their money is made by liquifying it and loading it.
Posted on 2/17/25 at 6:10 am to CitizenK
FWIW, support for building a natural gas pipeline have not been supported by oil companies on the North Slope. They reinject the natural gas separated from the oil to maintain formation pressure to keep the oil flowing.
These companies could use saltwater injection which would be more expensive. Apparently, companies like Hilcorp see making up that cost with sales of natural gas.
This is a far better plan than Palin's deal with TransCanada to pipe it through Canada's natural gas production fields to the Lower 48 in the US which cost Alaskan's $500 million and dumb as a box of rocks to think of right when natural gas production was soaring in mainland US. Her successor was able to get some of that money back and why Palin backed the Democrat when he ran for re-election, plus her stupid ACES legislation which caused drilling to go down on the North Slope due extra cost to drill and produce
These companies could use saltwater injection which would be more expensive. Apparently, companies like Hilcorp see making up that cost with sales of natural gas.
This is a far better plan than Palin's deal with TransCanada to pipe it through Canada's natural gas production fields to the Lower 48 in the US which cost Alaskan's $500 million and dumb as a box of rocks to think of right when natural gas production was soaring in mainland US. Her successor was able to get some of that money back and why Palin backed the Democrat when he ran for re-election, plus her stupid ACES legislation which caused drilling to go down on the North Slope due extra cost to drill and produce
Posted on 2/18/25 at 11:38 pm to bayoutiger225
quote:
The courts ruled in VG favor I believe but it has left a bad taste in some people’s mouth.
I don’t believe this has been resolved yet. Shell, BP, others are claiming VG has wrongfully earned $3B+ by breaking their contracts with them.
quote:
VG has argued that the plant isn’t 100% commissioned but is able to supply gas to customers who buy the gas on the “spot” market.
VG got their funding from the banks because of those long term contracts. Without the long term contracts, the banks would have never funded their projects. Should be interesting how this plays out in the courts.
This post was edited on 2/18/25 at 11:43 pm
Posted on 2/19/25 at 5:15 am to CitizenK
A related question and not wanting to begin a new topic: Has Trump decided anything on the pipeline from Canada that joey stopped day one of his "administration".
Posted on 2/19/25 at 5:25 am to jeffsdad
quote:
related question and not wanting to begin a new topic: Has Trump decided anything on the pipeline from Canada that joey stopped day one of his "administration
Didn't Trump impose tariffs on Canada or is oil from Canada not part of it?
This post was edited on 2/19/25 at 5:26 am
Posted on 2/19/25 at 7:17 am to jeffsdad
quote:
A related question and not wanting to begin a new topic: Has Trump decided anything on the pipeline from Canada that joey stopped day one of his "administration".
PGJonline News
Keystone pipeline. Looks like it's still in "possibly" stage.
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