Eversheds Sutherland LNG Law Blog
content top

DOE Releases 2018 LNG Export Study

Yesterday, the U.S. Department of Energy (DOE) published a notice requesting public comment on a new study entitled Macroeconomic Outcomes of Market Determined Levels of U.S. LNG Exports (Study). According to the notice, DOE commissioned the Study to inform DOE’s Office of Fossil Energy’s decisions on applications seeking authorization to export domestically produced LNG from the lower-48 states to countries with which the United States does not have a free trade agreement. The Study, performed by NERA Economic Consulting, “examines the probability and macroeconomic impact of various...
Continue Reading

CCL Requests Authorization to Commission Train 1

Corpus Christi Liquefaction (CCL) has filed a request with FERC for authorization to introduce fuel gas to commission Train 1 at its liquefaction and LNG export terminal under construction at Corpus Christi, Texas.
Continue Reading

Cove Point LNG Terminal to Undergo Brief Maintenance Shut Down

Reuters reports that Dominion Energy’s (Dominion) Cove Point LNG production and export terminal at Lusby, Md., will undergo a brief shut down for maintenance this coming Fall, possibly for only a few weeks.  According to Dominion’s Chief Executive Officer Thomas Farrell, the Cove Point facility, with a nameplate annual capacity of 5.25 million tonnes of LNG, has been at full production of LNG since April 2018.  According to the report, the project’s capacity is under contract for 20 years to a subsidiary of GAIL (India) and to ST Cove Point, a joint venture between units of Japanese trading...
Continue Reading

LNG Limited Raises A$28.2 Million For Magnolia LNG Offtake Marketing Efforts

Australian company Liquefied Natural Gas Limited (LNGL) has announced that it has entered into a binding subscription agreement with IDG Energy Investment Group Limited for a Share Placement which will raise gross proceeds of A$28.2 million. According to the press release, following the close of the Share Placement, IDG Energy Investment will hold a 9.9% interest in LNGL. Net proceeds from the Share Placement will be used in support of ongoing LNG offtake marketing efforts, focused on the proposed Magnolia LNG project in Lake Charles, La., and for general corporate...
Continue Reading

Petronas Buys 25% Share of LNG Canada Project

LNG Canada has announced that Malaysia’s state-owned oil and gas company Petronas, through its wholly-owned entity, the North Montney LNG Limited Partnership, is buying a 25% share in LNG Canada’s proposed LNG export project at Kitimat, British Columbia.  Once the deal is completed, LNG Canada’s ownership interests will be Shell at 40%, Petronas at 25%, PetroChina at 15%, Diamond LNG Canada (an affiliate of Mitsubishi Corporation) at 15%, and Kogas Canada LNG at 5%.  A final investment decision has not been made for the LNG Canada project.  Last summer, Petronas cancelled its proposed...
Continue Reading

Cheniere Energy Makes Positive FID for Corpus Christi Train 3

Cheniere Energy, Inc. (Cheniere) has announced that its Board of Directors has made a positive Final Investment Decision (FID) for Train 3 at Cheniere’s Corpus Christi liquefaction project under construction in Corpus Christi, Texas.  According to the press release, this represents the first FID on new liquefaction capacity in the United States since 2015.  Cheniere Corpus Christi Holdings, LLC recently closed on its previously announced amended credit facilities bringing total commitments to $6.1 billion, some of which will be used to fund a portion of the costs of developing, constructing,...
Continue Reading

Venture Global Enters Into SPA with BP

Venture Global Calcasieu Pass, LLC has announced that it has entered into a 20-year Sales and Purchase Agreement (SPA) with BP for the supply of two million tonnes per annum of LNG from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, La.  Under the SPA, BP will purchase LNG on a free on board basis (FOB) for a 20-year term starting from the commercial operation date of the Venture Global Calcasieu Pass LNG export facility, currently expected in 2022....
Continue Reading