LNG’s Costs and Benefits as an Energy Source
Posted on Dec 20, 2005 in Environmental, Federal Regulation, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on LNG’s Costs and Benefits as an Energy Source
USA Today has a feature story on the nature of LNG and its role in potentially allaying the energy predicament. The article also explores benefits and risks associated with importing...
Freeport LNG Finalizes $383 Million Financial Agreement
Posted on Dec 20, 2005 in Financing, Regas Terminals & Capacity | Comments Off on Freeport LNG Finalizes $383 Million Financial Agreement
Freeport LNG yesterday reported that it has obtained funds through a $383 million financial deal reached with nine investors. The money will be used to develop an underground salt cavern gas storage facility and Phase 1 of the company’s LNG terminal project in Freeport, Texas. The press release is available through BusinessWire. [Free registration...
FERC Sends Letters to State Governors Regarding LNG Terminal Proposals
Posted on Dec 20, 2005 in Federal Regulation, Policy, Legislation and Politics, State and Local Issues | Comments Off on FERC Sends Letters to State Governors Regarding LNG Terminal Proposals
To comply with requirements under the Energy Policy Act of 2005 as codified in Section 3A(b) of the Natural Gas Act, FERC recently has sent letters to the governors of states where LNG terminals are in the pre-filing or application process, requesting the Governors designate the appropriate state agency for the purposes of consulting with FERC regarding state local safety...
FERC Issues Draft Guidance for LNG Terminal Applicants on Resource Reports 11 & 13
Posted on Dec 20, 2005 in Federal Regulation, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on FERC Issues Draft Guidance for LNG Terminal Applicants on Resource Reports 11 & 13
On December 15, FERC issued “Draft Guidance on Resource Reports 11 & 13 for LNG Facility Applications.” It contains detailed guidance intended to assist LNG terminal applicants in the pre-filing and application process. The document includes requirements for hazard design review, spill containment sizing and design criteria for impoundments, design spills to be used in...
Exxon-Mobil Receives Tax Abatement Offer for LNG Terminal
Posted on Dec 20, 2005 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Exxon-Mobil Receives Tax Abatement Offer for LNG Terminal
K-FDM, the local CBS affiliate for Beaumont, Texas, says Exxon-Mobil has been offered a $30 million dollar tax break by Jefferson County if the company decides to build an LNG terminal in Sabine Pass. However, the proposal does not sit well with labor unions and a judge, who says Exxon-Mobil pays the highest taxes in the...