Venture Global received permission on Feb. 11 from federal energy regulators to load LNG on the first commissioning vessel at its Calcasieu Pass export plant in Louisiana.
FERC, which approved of Venture Global’s request to load LNG on the first vessel, has already approved the commissioning of four blocks at the plant.
The new dedicated long-term agreement spans an area over 300,000 acres in New Mexico and Texas.
The LNG marketing operation could put Williams into competition with Cheniere Energy, Shell Plc and QatarEnergy, which market their own production.
Marc Stratton had joined Summit Investments as a founding member in 2009, and has held various senior management roles at the company.
Project Canary will conduct reservoir analysis and deploy high-fidelity continuous monitoring units to verify permanent sequestration.
Keystone XL would have carried 830,000 bbl/d of oil from Alberta to the U.S. Midwest, but was held up for more than a decade by environmental opposition and regulatory hurdles.
“We believe that many market factors, including COVID-19 and ESG tailwinds, created an attractive investing environment in the energy sector,” says David Finan, partner of EIV Capital.
Overall, the mild softness in oil demand witnessed in early January due to the Omicron coronavirus variant seems to have passed, analysts say.
A tanker, the Yiannis, arrived on Feb. 7 near Calcasieu and could be first vessel to pick up a cargo from the facility, according to data from Refinitiv.