Eversheds Sutherland LNG Law Blog
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Venture Global Secures Additional Funding

Venture Global LNG, Inc. (“Venture Global”) announced that it has raised additional capital of approximately $81.4 million in its sixth round of equity investment, bringing the company’s funding total to $361 million. Venture Global is developing the proposed Venture Global Plaquemines LNG, LLC export terminal on the Mississippi River in Plaquemines Parish, La., and the proposed Venture Global Calcasieu Pass, LLC LNG export terminal on the Calcasieu Ship Channel in Cameron Parish, La....
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DOE Releases LNG Export Data through March 2017

The U.S. Department of Energy has released its LNG Monthly data covering U.S. LNG exports from January 2017 through March 2017.  The data indicate the following cargoes of domestically produced LNG were shipped from Cheniere Energy’s Sabine Pass LNG terminal in Cameron Parish, La. during March 2017:  three to Mexico, two each to South Korea and Jordan, and one each to Pakistan, Turkey, the Dominican Republic, Thailand, Kuwait, and Chile.  Prices ranged from $3.02 to $6.02/MMBtu.        ...
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Dominion Cove Point Terminal Construction 89 Percent Complete

Dominion Energy Cove Point LNG has submitted a status report to FERC covering construction at its LNG export terminal at Lusby, Md. through April 2017.  The report states that engineering and engineered equipment procurement is essentially complete, and construction is 89.0% complete.    
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Magnolia LNG Cleared to Begin Initial Site Preparation

FERC has issued a notice granting Magnolia LNG permission to commence initial site preparation activities for the Magnolia LNG Project in Lake Charles, La.  The approval does not grant Magnolia LNG the authority to commence construction of project facilities at the LNG terminal.    
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Non-FTA LNG Exports Authorized from ExxonMobil’s Golden Pass Terminal

The U.S. Department of Energy has issued an order authorizing Golden Pass Products LLC (Golden Pass), a partnership of Qatar Petroleum International and ExxonMobil affiliates,  to export domestically produced LNG from its proposed Golden Pass Terminal near Sabine Pass, in Jefferson County, Texas to countries without a free trade agreement (FTA) with the United States.  The order authorizes Golden Pass to export up to the equivalent of 808 Bcf/year (2.21 Bcf/day)....
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Cheniere to Ship Sabine Pass LNG to Poland

Bloomberg reports that Poland’s state-owned PGNiG SA purchased a spot LNG cargo from Cheniere Energy Inc.’s Sabine Pass LNG terminal in Cameron Parish, La. for delivery in June to the nation’s Baltic Sea import terminal, which the press release describes as “the first such contract for Central and Eastern Europe.”  ...
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NextDecade to Become Public Company After Merger

Privately held NextDecade, LLC (NextDecade) and Harmony Merger Corp. (Harmony) announced that they have signed a definitive agreement for a business combination transaction which would result in NextDecade becoming a publicly listed company.  NextDecade is the sponsor of the proposed Rio Grande LNG export terminal project located in Brownsville, Texas, and interconnected pipeline.  Harmony is a publicly traded special purpose acquisition company whose objective is to take a company public via a reverse merger....
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