Chevron Cutting Back Spending on Proposed Kitimat LNG Terminal Due to Low Oil Prices
Posted on Jan 30, 2015 in Canada & Mexico, LNG Exports | Comments Off on Chevron Cutting Back Spending on Proposed Kitimat LNG Terminal Due to Low Oil Prices
The Financial Post reports that due to lower crude oil prices, Chevron Corporation intends to cut spending on its proposed Kitimat LNG export terminal in British Columbia, and will cut spending on its LNG projects worldwide by 20% this year to $8...
NEB Approves Woodside Energy LNG Export License
Posted on Jan 30, 2015 in Canada & Mexico, Federal Regulation, LNG Exports | Comments Off on NEB Approves Woodside Energy LNG Export License
The Canadian National Energy Board (NEB), which monitors Canada’s gas supply and demand, determined the quantity of gas to be exported by Woodside Energy Pty Ltd. (Woodside) is surplus to Canadian needs and approved Woodside’s application for a license to export 1,022 Bcf per year of LNG over 20 years from a proposed LNG terminal in the vicinity of Grassy Point, north of Prince Rupert,...
Senate Committee Holds Hearing on Bill to Expedite U.S. LNG Exports
Posted on Jan 30, 2015 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on Senate Committee Holds Hearing on Bill to Expedite U.S. LNG Exports
Yesterday, the U.S. Senate Committee on Energy and Natural Resources held a hearing on S. 33, the LNG Permitting Certainty and Transparency Act, which among other things, directs the Secretary of Energy, for proposals that must also obtain authorization from FERC or the U.S. Maritime Administration to site, construct, expand, or operate LNG facilities, to issue a decision on an LNG...
FERC Provides Update on Elba Island LNG Export Terminal
Posted on Jan 30, 2015 in Environmental, Federal Regulation, LNG Exports | Comments Off on FERC Provides Update on Elba Island LNG Export Terminal
Today, FERC released an update on its review of Southern LNG’s proposed Elba Island LNG export terminal near Savannah, Ga. FERC is currently preparing an environmental assessment for the project, which once completed will be made available for a 30-day public comment period. The update can be found here, and the complete docket for the project can be found on eLibrary under Docket...
Consortium Takes Ownership of Douglas Channel LNG Project
Posted on Jan 29, 2015 in Canada & Mexico, Financing, LNG Exports | Comments Off on Consortium Takes Ownership of Douglas Channel LNG Project
The Douglas Channel LNG Consortium, comprised of AltaGas Idemitsu Joint Venture Limited Partnership, EDF Trading Limited and EXMAR NV, announced that as a result of the Plan of Arrangement completed under the Companies’ Creditors Arrangement Act, it now has full ownership and control of the proposed Douglas Channel LNG barge-based export terminal facility near Kitimat, British...