Chevron Kitimat LNG Project Dependent on Finding Acceptable Contract Support and B.C. Tax Policy
Posted on Oct 18, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Chevron Kitimat LNG Project Dependent on Finding Acceptable Contract Support and B.C. Tax Policy
The Globe and Mail reports that Chevron Canada Ltd. President Jeff Lehrmann recently stated that its proposed Kitimat LNG export terminal project in British Columbia is dependent on Chevron finding customers willing to pay acceptable prices for the LNG and the B.C. LNG tax structure expected to be unveiled soon. Lehrman noted that Chevron has many investment opportunities worldwide and...
Magnolia LNG Files for DOE Authority to Export LNG to Non-FTA Nations
Posted on Oct 16, 2013 in Federal Regulation, LNG Exports | Comments Off on Magnolia LNG Files for DOE Authority to Export LNG to Non-FTA Nations
Magnolia LNG announced that it filed an application with the U.S. Department of Energy to export up to 8 million tonnes per year (mtpy) of LNG from its proposed LNG terminal at Lake Charles, La. to nations without a Free Trade Agreement with the United States. Magnolia also filed for DOE authority to export an additional 4 mtpy of LNG to FTA nations to supplement the 4 mtpy already...
KOGAS May Sell a Portion of its Share of LNG Canada Development
Posted on Oct 15, 2013 in Canada & Mexico, LNG Exports | Comments Off on KOGAS May Sell a Portion of its Share of LNG Canada Development
The Financial Post reports that South Korean gas company KOGAS is considering selling 5% to 10% of its 20% share in LNG Canada Development Inc., a joint venture involving Shell Canada Ltd., KOGAS, Mitsubishi Corp. and PetroChina Co. Ltd. that is proposing to build an LNG export terminal at Kitimat, British...
Foreign Officials Tell House Panel the Benefits of U.S. LNG Exports
Posted on Oct 15, 2013 in LNG Exports, Policy, Legislation and Politics | Comments Off on Foreign Officials Tell House Panel the Benefits of U.S. LNG Exports
At a forum held last week on the geopolitical implications and mutual benefits of U.S. LNG exports, representatives from ten foreign nations told the U.S. House Energy and Power Subcommittee that permitting U.S. LNG exports to their nations would increase global energy security and improve diplomatic relations between the United States and their countries. Officials from Hungary and...
N.J. State Legislators Join in Opposition to Port Ambrose LNG Terminal
Posted on Oct 14, 2013 in LNG Exports, State and Local Issues | Comments Off on N.J. State Legislators Join in Opposition to Port Ambrose LNG Terminal
New Jersey state legislators Senator Christopher J. Connors, Assemblyman Brian E. Rumpf and Assemblywoman DiAnne C. Gove recently announced that they have signed on to companion resolutions (SR-120 and AR-205) opposing construction of the proposed Port Ambrose deepwater LNG terminal off the coast of New Jersey. According to the press release, Senator Jennifer Beck introduced SR-120,...