Expanding Under Construction:
- The Under Construction tool offers a comprehensive view of project progress across all locations and project types.
- This research discussion showcases its application in tracking the development of LNG terminals in Mexico.
- Under Construction is designed to provide visual confirmation of construction initiation for various projects.
- Industry experts can leverage these visual aids to further refine their assessment of project timelines.
- Clients have the option to submit projects for inclusion in our monitoring platform.
1) Altamira Fast LNG
Construction clearly seen in the ocean.
Sources: https://ir.newfortressenergy.com/news-releases/news-release-details/nfe-announces-first-lng-days-and-first-cargo-july (June 14, 2024 Company expects to deliver first cargo in July)
6/26/2024
2) Energia Costa Azul LNG
Under construction has occurred. To the extent of being ready for operations by next year is still not clear as typically trains are not as clearly designated as some of our previous images of completed LNG terminals.
Sources: https://lngprime.com/lng-terminals/sempra-says-eca-lng-export-project-more-than-80-percent-complete/111606/ (May 8, 2024 Project more than 80% complete and on track for operations summer 2025)
6/14/2024
3) Saguaro LNG
Does not look like much construction has occurred relative a year ago.
Sources: https://www.offshore-technology.com/news/mexico-pacific-saguaro-energia-lng/ (July 21, 2023 Company has signed agreement with local government and project is expected to be completed 2026)
7/1/2024 6/6/2024
4) Vista Pacifico LNG
No visual improvements seen from a year ago but potentially there is some construction.
Sources: https://lngprime.com/americas/sempra-secures-us-approval-to-ship-lng-from-two-mexican-export-plants/69605/ (December 26, 2022 Sempra receives authorization from US DOE to export)
https://lngprime.com/contracts-and-tenders/sempra-cfe-pen-deals-for-two-mexican-lng-terminals/57714/ (July 25, 2022 Sempra signs deals with Mexico to advance development of planted Vista Pacifico)
6/29/2024 6/5/2024
Last week we did not see any additional confirmation of under construction. We will continue to monitor all LNG terminals to the point of visual trains being identified.
Vulcan Coal Pile Gas Burn Insight Tool
We continue to see strong drawdowns in coal inventories with our counts of coal piles plus 90% dropping again this week.
Gas scorecard shows a bias for less gas burns relative to normal conditions given the extent of coal, wind, and solar generation plus overall load lower than previous week.
Invest in Your Success: Subscribe to Vulcan Today
