Global energy equity and oil & gas macro analyst

Anish Kapadia

Akap Energy

Thematic (Sector/Industry)

<p>US private LNG company Venture Global is starting construction on its 10 million ton per annum (mtpa) US LNG export facility in Louisiana after gaining approval from the US Federal Energy Regulatory Commission (FERC). This is positive for the LNG contractor market and we discuss the companies involved in the project. </p><p>This follows final investment decision taken on Golden Pass (<a href="https://www.smartkarma.com/insights/exxon-and-qatar-proceed-with-us-10bn-golden-pass-lng-terminal-positive-for-chiyoda-and-mdr-us" target="_blank" data-smartkarma-citation="insights:27798">Exxon and Qatar Proceed with US$10bn Golden Pass LNG Terminal: Positive for Chiyoda and MDR US</a>) and supports our thesis of a large wave of new projects that will be sanctioned in the coming months (<a href="https://www.smartkarma.com/insights/a-huge-wave-of-new-lng-projects-coming-in-the-next-18-months-positive-for-the-e-c-companies" target="_blank" data-smartkarma-citation="insights:27771">A Huge Wave of New LNG Projects Coming in the Next 18 Months: Positive for The E&amp;C Companies</a>). This was viewed as a relatively speculative project and with aggressively low cost and timing estimates.</p><figure class="editor-figure mceNonEditable"><img class="editor-image img-responsive" src="https://static-prod.smartkarma.com/images/media/000/079/969/original/cp-pipeline_illustration_1E-1.jpg?1551058066" data-smartkarma-image-id="79969"></figure><div class="content-caption" style="text-align: left;">Source: Venture Global</div>

US private LNG company Venture Global is starting construction on its 10 million ton per annum (mtpa) US LNG export facility in Louisiana after gaining approval from the US Federal Energy Regulatory Commission (FERC). This is positive for the LNG contractor market and we discuss the companies involved in the project. This follows final investment decision taken on Golden Pass (Exxon and Qatar Proceed with US$10bn Golden Pass LNG Terminal: Positive for Chiyoda and MDR US) and supports our thesis of a large wave of new projects that will be sanctioned in the coming months (A Huge Wave of New LNG Projects Coming in the Next 18 Months: Positive for The E&amp;C Companies). This was viewed as a relatively speculative project and with aggressively low cost and timing estimates.Source: Venture Global

Another US LNG Project Goes Ahead: Positive for the Contractors; Negative for Others Looking to FID

Singapore

MDR Limited provides after-market services (AMS) for mobile communication and high-tech consumer products in Asia-Pacific.  The AMS include customer relationship management, repair management, technical services management, administrative management, and other value-added services.  The Company also distributes management solutions.

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MDR Ltd (MDR SP)

Another US LNG Project Goes Ahead: Positive for the Contractors; Negative for Others Looking to FID

US private LNG company Venture Global is starting construction on its 10 million ton per annum (mtpa) US LNG export facility in Louisiana after...

Anish Kapadia

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