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So what is the status of the LNG facilities around Lake Chuck?

Posted on 3/31/20 at 7:48 am
Posted by GREENHEAD22
Member since Nov 2009
21041 posts
Posted on 3/31/20 at 7:48 am
Different sector of the energy industry than I am in so I don't keep up with it too much. I see Shell dropped out of the project they were in. Just curious as to what the state is of all the different projects going on down there. Energy Transfer, Cheniere, etc. Anytime I ever heard anything about them it was usually over budget and behind schedule.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
151593 posts
Posted on 3/31/20 at 7:50 am to
quote:

over budget and behind schedule.
this is the motto that should be written on the Louisiana state flag
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/31/20 at 7:56 am to
quote:

Anytime I ever heard anything about them it was usually over budget and behind schedule.
Sounds like it’s moving along fine then
Posted by Bucktail1
Member since Feb 2015
3488 posts
Posted on 3/31/20 at 8:04 am to
I hate people who say "Lake Chuck"
Posted by Oilfieldbiology
Member since Nov 2016
42780 posts
Posted on 3/31/20 at 8:05 am to
I don’t know about the LNG facilities but I know some refineries are cutting production and some are talking about temporarily shutting down operations temporarily.

Not entirely sure how the global demand dropping impacts the LNG facilities but energy is cheap as shite right now
This post was edited on 3/31/20 at 8:07 am
Posted by LC-LSU-FAN
Lake Charles
Member since Jul 2012
954 posts
Posted on 3/31/20 at 8:09 am to
quote:

I don’t know about the LNG facilities but I know some refineries are cutting production and some are talking about temporarily shutting down operations temporarily.



I can tell you no refineries around lake Charles is talking about shutting down temporarily lol and as far as I know no chemical plants have had that discussion either
Posted by uway
Member since Sep 2004
33109 posts
Posted on 3/31/20 at 8:11 am to
quote:

can tell you no refineries around lake Charles is talking about shutting down temporarily lol and as far as I know no chemical plants have had that discussion either



This MFer right here is in the c-suite of every single refinery in the Lake Charles area. Baller.
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 3/31/20 at 8:11 am to
quote:

Not entirely sure how the global demand dropping impacts the LNG facilities but energy is cheap as shite right now


impacts it big time. The reason these facilities were built was to sell LNG to Asian markets. LNG has been extremely cheap in North America vs Asia/Europe over the past decade+. Now that price spread is non existent. They do have contracts so some LNG will keep flowing, but the sector will not grow until the price spread (and the price of oil) increases again.
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 3/31/20 at 8:12 am to
quote:

This MFer right here is in the c-suite of every single refinery in the Lake Charles area. Baller.


It's extremely expensive to shut down. Best to decrease production and ride it out.
Posted by Loup
Ferriday
Member since Apr 2019
17724 posts
Posted on 3/31/20 at 8:12 am to
quote:

but I know some refineries are cutting production and some are talking about temporarily shutting down operations temporarily.


quote:

I can tell you no refineries around lake Charles is talking about shutting down temporarily lol and as far as I know no chemical plants have had that discussion either



you heard that in the smoke shack?
This post was edited on 3/31/20 at 8:14 am
Posted by waiting4saturday
Covington, LA
Member since Sep 2005
11159 posts
Posted on 3/31/20 at 8:16 am to
-Cheniere has been operational for like 4 years and is the largest exporter of LNG in the US I believe.

-Cameron LNG (Hackberry) has 2 trains operational and is now exporting.

Posted by Penrod
Member since Jan 2011
57555 posts
Posted on 3/31/20 at 8:17 am to
quote:

impacts it big time. The reason these facilities were built was to sell LNG to Asian markets. LNG has been extremely cheap in North America vs Asia/Europe over the past decade+. Now that price spread is non existent.

True, but except for the ones that are already in production (e.g. Cove Point) or in construction (Venture Global) the production is so far out that prices could be recovered.
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15757 posts
Posted on 3/31/20 at 8:22 am to
Venture Global is hiring plant baws right now and will be open in a year and a half
Posted by djangochained
Gardere
Member since Jul 2013
19185 posts
Posted on 3/31/20 at 8:24 am to
Lol dumbfrick
Posted by tigerinthebueche
Member since Oct 2010
38241 posts
Posted on 3/31/20 at 8:27 am to
quote:

this is the motto that should be written on the Louisiana state flag



need room for "it'll never be ready on time"
Posted by Oilfieldbiology
Member since Nov 2016
42780 posts
Posted on 3/31/20 at 8:34 am to
Two shell facilities in the gulf coast are having serious discussions about how to run their wastewater treatment plants with severely limited or no forward flow for an extended period of time. Refineries around the BR area are already cutting/have cut rates significantly, and some are at as low as they can hydraulically cut. Any further reduction in rates and the fluid dynamics and thermodynamics don’t work and they have to shut down.

Chemical plants are not discussing shut downs right now, but if people quit buying stuff for much longer, it will
Posted by ThanosIsADemocrat
The Garden
Member since May 2018
9395 posts
Posted on 3/31/20 at 8:35 am to
quote:

this is the motto that should be written on the Louisiana state flag



If you downvoted that you probably work in Louisiana state government
Posted by Oilfieldbiology
Member since Nov 2016
42780 posts
Posted on 3/31/20 at 8:36 am to
Oh I agree, but you can only cut rates down to a certain throughput. Below that you have serious issues
Posted by Oilfieldbiology
Member since Nov 2016
42780 posts
Posted on 3/31/20 at 8:37 am to
How so?
Posted by reggo75
Iowa, LA
Member since Jan 2016
1433 posts
Posted on 3/31/20 at 8:45 am to
I work in one of the LC refineries and I have heard (not at the smoke shack ) that with the current price of oil in combination with the decrease in demand for fuel that there are discussions about shutting down production due to limited space.

I'm not sure how that impacts other downstream products that refineries produce (coke, wax, oils, acids, etc) but if they don't have anywhere to put the gasoline, diesel, & jet fuel they will not be able to continue making it.
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