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TransCanada Official: Partners Delaying Alaska Gas Pipeline to Evaluate LNG Export Option

An official with TransCanada said this week that TransCanada and Exxon Mobil are delaying submission of resource reports for their planned Alaska natural gas pipeline project. The official noted that Alaska Gov. Sean Parnell (R) has requested that the companies evaluate an LNG export option in addition to the gas pipeline project. Read more in the Alaska Dispatch.

Oregon Approves Dredging Permit Needed for Jordan Cove LNG Project

The Oregon Department of State Lands has granted a removal-fill permit for the Port of Coos Bay, allowing the Port to dredge an access channel to accommodate larger marine vessels. The Coos Bay World notes that this permit is necessary for the continued development of the Jordan Cove LNG project.

GDF Suez and China Investment Corp. Close Deal for Equity Stake in Atlantic LNG, Other Assets

GDF Suez and the China Investment Corp. (CIC) have closed a deal whereby CIC will acquire GDF Suez’s 10% equity stake in the Atlantic LNG liquefaction facility in Trinidad and Tobago. According to a GDF Suez spokesperson, the deal also includes the transfer of production payments for Atlantic LNG’s trains 2, 3, and 4, for a total value of 600 million Euros. Platts LNG Daily...

Excelerate, PREPA Agree on Year-Round FSRU for Offshore Puerto Rico

Excelerate Energy and the Puerto Rico Electric Power Authority (PREPA) have agreed to install the Aquirre GasPort offshore Puerto Rico. The project will include one of Excelerate’s floating storage and regasification units (FSRUs) for the receipt and regasification of imported LNG. A press release notes that the project requires authorization from FERC.

December 23 to January 2

LNGLawBlog will not update its Daily Headlines from December 23, 2010, through January 2, 2012. Please contact LNGLawBlog with any questions.

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