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Magnolia LNG Signs Term Sheet with LNG Holdings Corp.

Magnolia LNG, L.L.C. (Magnolia) announced that it has signed a Tolling Term Sheet with LNG Holdings Corp. providing for negotiation of a proposed 20-year Tolling Agreement covering 1.7 million tonnes per year of LNG production from Magnolia’s proposed LNG export terminal at Lake Charles, La.  Under the proposed Tolling Agreement, LNG Holdings will be responsible for delivery of gas to...

Freeport LNG CEO Disappointed with DOE Order

UPI reports that Freeport LNG Chief Executive Officer Michael Smith said he was disappointed with the U.S. Department of Energy’s (DOE) recent approval of Freeport’s application to export additional LNG from its proposed LNG export terminal on Quintana Island, Texas to nations without a Free Trade Agreement with the United States.  Freeport had requested authority to export an...

Alaska Legislature Reviewing LNG Project Report

The Anchorage Daily News reports that next legislative session Alaska state lawmakers will begin reviewing the Alaska North Slope Royalty Study, which recommends the fiscal and policy measures needed to advance the proposed Alaska LNG export project.  The project, sponsored by North Slope producers Exxon Mobil, Conoco Phillips, BP, and possibly TransCanada, would involve construction...

House Amendment to Restrict Gas Exports Fails

Last week, the U.S. House of Representatives voted 142-276 to reject legislation sponsored by Peter DeFazio (D-Ore.) that would have prohibited exports of natural gas produced from public lands.  According to an article in FuelFix, the margin of defeat signals greater support for gas exports than during three similar votes last year.

FERC Revises Cameron LNG Environmental Review Schedule

FERC has released notice of a revised schedule for completion of its environmental review regarding the Cameron LNG export terminal project in Cameron Parish, La.  Previously, FERC anticipated issuing a Final Environmental Impact Statement (FEIS) for the project by November 22, 2013.  Due to concerns raised by the U.S. Department of Transportation, which Cameron LNG has since...

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