Chevron cuts off funding for Canadian LNG project | Dump Trucks Charlotte NC

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In 2014, Chevron Canada and then-partner Apache Canada Ltd. awarded Fluor Corp. and its joint venture partner JGC the engineering, procurement and construction contract for the project, although Fluor acknowledged that the commencement of construction relied on final investment decisions. Despite Chevron's recent announcement, the project has not been canceled and is slated to include:

• Two LNG reserves in the Liard and Horn River Basins in northeast B.C.
• The 293-mile Pacific Trail Pipeline.
• A natural gas liquefaction facility, which will include up to three LNG trains.

Meanwhile, despite a pandemic-related slowdown, Fluor and JGC are currently working on another natural gas facility in B.C., the LNG Canada project, which is estimated at $32 billion. That project includes a three-train plant, which Fluor's JV is building, as well as a pipeline.

Several major LNG projects are in play in the U.S. as well. Houston-based Tellurian has still not made a final investment decision on its proposed $27 billion Driftwood LNG project near Lake Charles, Louisiana, according to Natural Gas Intelligence. Tellurian, like the rest of the LNG sector, has had to deal with a reduction in demand for natural gas, low prices and the disruptions caused by the COVID-19 pandemic during the last year. Tellurian awarded the $15.2 billion EPC contract for the project to Bechtel in 2017.

The pandemic has also delayed Freeport LNG's plans to build a fourth train at its export plant in Texas. Freeport has put off a final investment decision until the middle of this year and won approval from the Federal Energy Regulatory Commission to extend completion by three years.