Latest news with #CameronLNG
American Press
08-05-2025
- Business
- American Press
Hackberry carbon sequestration project draws praise, ire
Occidental subsidiary 1PointFive has already received federal funding to go toward building the South Texas Direct Air Capture Hub. (Photo courtesy of By Ashlyn Little The Hackberry community center held a public hearing this week regarding the permitting for the proposed Hackberry carbon sequestration project. The project is expected to capture and store CO2 and potentially reduce the carbon intensity of the liquefied natural gas for Cameron LNG customers. The proposed project includes capturing CO2 from the liquefaction process at Cameron LNG and transporting it by pipeline to an underground injection well where it will be stored about 5,000 to 10,000 feet below the earth's surface. Cameron Police Juror Michael Fewell, a resident of Hackberry, told attendees that Sempra Energy — the parent company of Cameron LNG — is being 'a good community partner.' 'We've had a few meetings with them and they've really taken some comments that we've made around the location of the pipeline routes … into consideration to pretty much stay on their property and they're supposed to get back with us,' Fewell said. Jeremy Shealy, representing ExxonMobile, also showed his support of the approval of the Class 6 permit. 'ExxonMobile recognizes that LNG and CCS (carbon capture and storage) are a significant part of the oil and gas industry's future and they are thrilled to see innovative industry solutions in the state. With that I respectfully give ExxonMobile's support for approval of the permit,' Shealy said. Cameron resident Mindy Gilbert, however, voiced her opposition to the project, calling its simulations 'fake science and not based on true data.' 'The science is unfounded, unproven, it's only accurate on computer simulations, there's no way of knowing what's going to happen with the plume in subservice,' Gilbert said. A plume can migrate through different forms, including free-phase CO2, dissolved CO2 in the aqueous phase and mineral trapping, according to Gilbert said Sempra does not know if the plume is going to move, which means people who have land around that plume are not going to be able to drill if it does. It's going to decimate the small oil and gas companies over here because they're not going to be able to use their wells, she said. 'There's only one reason to do carbon capture and that's for the 45Q federal tax credits,' Gilbert said. 'It's detrimental in every way; there's nothing beneficial in doing this at all, it is only for money.' According to the 45Q credit provides incentives for carbon capture and sequestration projects for each metric ton of qualified carbon oxide captured and either stored in secure geologic formations or used for specified purposes. A direct air capture facility must capture no less than 1,000 metric tons of qualified carbon oxide during the taxable year to qualify. Southwest Louisiana Economic Development Alliance President and CEO Scott Walker announced his support for the project during the meeting. 'One of the biggest advantages we have here in SWLA is our geology,' Walker said. 'Our region's unique geology makes it ideal for safely storing carbon dioxide.' Longville resident Michael Tritico is opposed to the project. Tritico, who was raised in Lake Charles and has since resided in other locations around the country, said he moved back to Southwest Louisiana because 'here is where the frontline of the global war is.' 'In Louisiana we've traded the old way of life for new ways of death. Hackberry is not what it used to be in 1975. Some might consider it progress, I see a lot of changes for the negative,' said Tritico — who called the project a sham. Patrick Courreges, communications Director of Louisiana Department of Natural Resources, assured attendees that DENR will be on hand to make sure the project is safe if it is approved. 'Above all, it has to stay in that injected zone where it's being pushed. If it starts moving up that's when we need to shut them down,' Courreges said. James Hiatt, representing an organization called ''For A Better Bayou' said he is also opposed to the project. 'I used to work in the industry and someone once told me, 'If you could see the rug for the amount of stuff that we've swept under it, the rug is halfway to the moon.' I think the DENR should deny this permit and we should get more information about the suitability of this exact location,' he said. Public comments will continue to be accepted through 4:30 p.m. June 5 at info@ Mail comments must be postmarked by June 5.
Business Recorder
04-05-2025
- Business
- Business Recorder
US natgas prices climb on lower output, higher demand
NEW YORK: US natural gas futures climbed about 4% to a three-week high on Friday on a drop in output over recent days and forecasts for more demand this week than previously expected. Gas futures for June delivery on the New York Mercantile Exchange rose 15.1 cents, or 4.3%, to $3.63 per million British thermal units, their highest close since April 9. For the week, the front-month was on track to jump about 24% after dropping 29% over the prior four weeks. Analysts said mild weather expected to last through mid-May should keep heating and cooling demand low, allowing utilities to continue injecting more gas into storage than normal for this time of year. Gas stockpiles were around 1% above the five-year normal. Gas stockpiles had been below normal from mid-January through late April after utilities pulled a monthly record 1.013 billion cubic feet of gas from storage in January to keep homes and businesses warm during extreme cold weather this winter. Some analysts said mild weather and record output this spring could allow energy firms to add record amounts of gas into storage in May. The current all-time monthly injection high of 494 bcf was set in May 2015. Financial firm LSEG said average gas output in the Lower 48 US states fell to 103.0 billion cubic feet per day so far in May, down from a monthly record of 105.8 bcfd in April. On a daily basis, gas output was on track to drop by 2.8 bcfd over the last five days to a preliminary two-month low of 102.6 bcfd on Friday. That, however, is a smaller daily decline than LSEG forecast on Thursday. Analysts have noted that preliminary data - especially for the first day of the month - is often revised later in the day. Meteorologists projected temperatures in the Lower 48 states would remain mostly warmer than normal through May 17. LSEG forecast average gas demand in the Lower 48, including exports, will slide from 98.8 bcfd this week to 96.0 bcfd next week and 95.5 bcfd in two weeks. The forecast for this week was higher than LSEG's outlook on Thursday. The average amount of gas flowing to the eight big liquefied natural gas export plants operating in the US fell to 15.5 bcfd so far in May, down from a monthly record of 16.0 bcfd in April on rising flows to Venture Global's 3.2-bcfd Plaquemines export plant under construction in Louisiana. The LNG feedgas decline so far this month was mostly due to a drop in flows to Cameron LNG's 2.0-bcfd export plant in Louisiana to 1.5 bcfd for a second day in a row on Friday, down from an average of 2.2 bcfd over the prior seven days. Officials at Cameron LNG were not immediately available for comment on the feedgas reduction. The company, however, has told customers that it will conduct maintenance next week on a pipeline that supplies gas to the plant, which will reduce flows on the pipe. The US became the world's biggest LNG supplier in 2023, surpassing Australia and Qatar, as surging global prices fed demand for more exports, due in part to supply disruptions and sanctions linked to Russia's 2022 invasion of Ukraine. Gas was trading around $11 per mmBtu at both the Dutch Title Transfer Facility benchmark in Europe and the Japan Korea Marker benchmark in Asia.
