Mercuria makes investment in US gas

Geneva-based trader Mercuria is investing in Black Bayou Energy Hub, a developer of a natural gas storage facility located near liquefied natural gas (LNG) export terminals on the US Gulf Coast.

Black Bayou is developing a large-scale, underground salt dome storage facility in Cameron and Calcasieu Parishes in Louisiana, near the Louisiana/Texas border.

Mercuria’s investment in Black Bayou will progress the development of the energy infrastructure, the trader said in a statement.

The firm did not provide the financial details of the deal.

Black Bayou will initially focus on FERC-regulated natural gas storage and utilize its unique location and exclusive development rights on the salt dome to pursue storage development for a wide range of energy products to meet growing customer needs, it said.

The Black Bayou salt dome is “ideally situated” between rapidly growing US Gulf Coast energy supply and demand centers.

Mercuria makes investment in US gas

The project’s storage facility is located seven miles east of the Louisiana/Texas border, eighteen miles north of the Gulf of Mexico coastline, and less than twenty-five miles on either side from the growing demand centers of Lake Charles, Louisiana, and Port Arthur, Texas.

“The project is centrally located in the heart of the US’s rapidly growing “LNG Alley,” which will include up to ten or more LNG export terminals and over 30 BCF/d of existing and proposed LNG liquefaction capacity,” Mercuria said.

The projects include Porth Arthur LNG, Golden Pass LNG, Sabine Pass, Calcasieu Pass/CP2, Commonwealth LNG, Delfin LNG, Cameron LNG, Driftwood LNG, Magnolia LNG, and Lake Charles LNG.

Most Popular

NextDecade takes FID on fourth Rio Grande LNG train

US LNG firm NextDecade has made a final investment decision on the fourth train at its Rio Grande LNG facility in Texas.

McDermott bags Monkey Island LNG gig

Houston-based McDermott has secured a contract from Monkey Island LNG for its planned natural gas liquefaction facility in Cameron Parish, Louisiana.

Botas pens three-year LNG supply deals with BP, Shell, and Eni

Turkiye’s state-owned natural gas and LNG firm Botas has signed three-year deals to buy LNG from BP, Shell, and Eni.

More News Like This

Shell pens US LNG supply deal with Edison

UK-based LNG giant Shell has signed a long-term deal to supply US LNG to Italian energy firm Edison, a unit of EDF.

Spot LNG shipping rates continue to drop

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decrease, while European prices rose this week compared to the previous week.

US LNG exports down to 26 cargoes

US liquefied natural gas (LNG) plants shipped 26 cargoes during the week ending September 3. According to the Energy Information Administration, pipeline deliveries to the LNG terminals decreased compared to the prior week.

Spot LNG shipping rates down this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet and European prices dropped this week compared to the previous week.