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Tanker anchors near Endeavor Global LNG's Plaquemines plant in Louisiana

The Endeavor Bayou, a liquefied natural gas (LNG) tanker, was anchored near the mouth of the Mississippi River early Monday on its way to Endeavor Global LNG's Plaquemines export plant under building and construction in Louisiana, data from monetary firm LSEG revealed.

The data showed the vessel was at 78% of optimum draft, suggesting it was available to take a cargo of LNG. Vessels over 90% of max draft were usually full or a minimum of partially loaded with fuel.

Energy experts have actually said they were awaiting a vessel to go to the plant as an indication that the facility was moving closer to producing first LNG.

In late August, another tanker, called the Qogir, got to Plaquemines from Norway full of LNG. Experts said Qogir, which left Plaquemines in late September with less LNG, likely dropped off some of the super-cooled fuel to cool parts of the plant as it gets ready for ultimate start-up.

Officials at the business were not immediately available for talk about the Venture Bayou. In the past, experts have actually stated they anticipate Plaquemines to start producing LNG in test mode and export its first test freight before completion of the year.

Plaquemines, meanwhile, began drawing in very small quantities of natural gas from U.S. pipelines in late June. The plant has actually been pulling in really percentages of pipeline gas every day considering that mid September, according to LSEG data.

Endeavor Global has said that developing the 2 phases at Plaquemines would entail a financial investment of about $21 billion.

Analysts have actually stated they expect Endeavor Global to finish work on the first 1.8-billion cubic feet per day (bcfd) stage of Plaquemines from 2024 to 2026 and the second 1.2-bcfd stage from 2025 to 2026.

The United States is currently the world's greatest LNG exporter with seven export plants able to turn about 13.8 bcfd of gas into about 104.6 million tonnes per year (MTPA) of LNG.

One billion cubic feet is enough gas to provide about 5 million U.S. homes for a day.

(source: Reuters)