Report: B.C. Must Move Quickly to Capture Share of Asian LNG Market
Posted on Oct 29, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Report: B.C. Must Move Quickly to Capture Share of Asian LNG Market
A new report by Canada West Foundation concludes that while LNG exports from British Columbia (B.C.) to Asia provide a great economic opportunity for the province, the government and industry must move “quickly and aggressively to beat out the competition and capture market share in Asia.” The report warns that competition among projects and other suppliers will put downward pressure...
Sabine Pass Files to Increase Authorized LNG Production Capacity
Posted on Oct 29, 2013 in Federal Regulation, LNG Exports | Comments Off on Sabine Pass Files to Increase Authorized LNG Production Capacity
Sabine Pass LNG (Sabine Pass) filed an application with FERC to increase the authorized LNG production capacity of the first four liquefaction trains at the proposed LNG export facility in Cameron Parish, La. from an aggregate of 803 Bcf/year to an aggregate of 1006 Bcf/year. Sabine Pass states that the 803 Bcf/year authorization was based on the conservative nameplate capacity of...
Delfin LNG Files for DOE FTA Export Authority
Posted on Oct 25, 2013 in Federal Regulation, LNG Exports | Comments Off on Delfin LNG Files for DOE FTA Export Authority
Delfin LNG LLC filed an application with the U.S. Department of Energy (DOE) for authority to export, on behalf of itself and others, up to 1.8 Bcf/day of LNG from a proposed floating liquefaction facility located in West Cameron Block 167, Gulf of Mexico to nations with a Free Trade Agreement (FTA) with the United States. Delfin states that it will subsequently file an application to...
Magnolia LNG Secures Funding for LNG Export Project; Requests Additional FTA Export Authority
Posted on Oct 25, 2013 in Federal Regulation, LNG Exports | Comments Off on Magnolia LNG Secures Funding for LNG Export Project; Requests Additional FTA Export Authority
Magnolia LNG announced that it has entered into an Equity Commitment Agreement with Stonepeak Partners LP to provide 100% of the construction equity for the first phase of the Magnolia LNG Project at Lake Charles, La. The total Stonepeak equity contribution is estimated to be US$660 million, for which Stonepeak will receive an approximate 50% interest in the Magnolia LNG Project. Read...
Carib Energy Requests Expedited DOE Processing of its Non-FTA LNG Export Application
Posted on Oct 23, 2013 in Federal Regulation, LNG Exports | Comments Off on Carib Energy Requests Expedited DOE Processing of its Non-FTA LNG Export Application
Carib Energy (USA) LLC (Carib) filed a letter with the U.S. Department of Energy (DOE) requesting that DOE process Carib’s application to export LNG to nations without a Free Trade Agreement (FTA) with the United States promptly and before those listed above it in the DOE’s Order of Precedence. Carib states that it filed its application before those listed in the Order of Precedence...