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ENGIE and AES Andres DR Agree to Joint Marketing Agreement

ENGIE and AES Andres DR, S.A. (AES Andres), a subsidiary of The AES Corporation, announced that they have agreed to enter into a 12-year binding agreement to jointly market 0.7 million tonnes per annum (mtpa) of LNG in the Caribbean.  Under the agreement, ENGIE will provide up to 0.7 mtpa of LNG, primarily from the Cameron LNG terminal in Cameron Parish, La., which is expected to...

FERC Dismisses Downeast LNG Applications

FERC issued an order today dismissing and terminating Downeast LNG (Downeast) and affiliates’ applications for a bidirectional import/export LNG terminal and associated pipeline facilities near Robbinston, Maine. FERC stated: “Downeast’s project has been before the Commission in one form or another for more than ten years. There has been essentially no progress at all toward...

Fortis Signs Agreement to Supply LNG to Hawaii Electric

Fortis Inc. announced today that its subsidiary, Fortis Hawaii Energy Inc., entered into an agreement to supply Hawaiian Electric Company, Inc. with 800,000 metric tons/year of LNG over 20-years from FortisBC’s Tilbury LNG facility in Delta, British Columbia, starting in 2021. According to the press release, to accommodate the agreement, a further expansion at FortisBC’s...

Downeast LNG Up for Sale

Downeast LNG, sponsor of a proposed 3 million ton/year liquefaction and LNG import/export terminal near Robbinston, Maine, announced that the company will be put up for sale as of July 1, 2016.  According to the press release, Downeast LNG’s majority shareholder is energy private equity manager Yorktown Partners, which manages approximately $7 billion in energy...

MARAD Approves Surrender of Port Dolphin Energy Deepwater Port License

The U.S. Maritime Administration (MARAD) has granted Port Dolphin Energy’s request to surrender and terminate its Deepwater Port License authorizing it to own, construct and operate an LNG deepwater port approximately 28 miles off the western coast of Florida, and approximately 42 miles from Port Manatee, Manatee County, Florida.  In October 2015, FERC granted Port Dolphin...

Cheniere Seeks to Refinance LNG Import Terminal

Bloomberg reports that Cheniere Energy is seeking to refinance $2.1 billion it owes on its Sabine Pass LNG import terminal facilities in Cameron Parish, La.  The import terminal came on-line in 2008-2009, just as American shale gas supplies entering the U.S. gas market caused gas prices to drop to a 16-year low of $1.68/MMBtu.  According to the report, the Sabine Pass LNG terminal has...

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