Nexen Signs Option Agreement for Grassy Point, B.C. LNG Terminal Site
Posted on Nov 14, 2013 in Canada & Mexico, LNG Exports | Comments Off on Nexen Signs Option Agreement for Grassy Point, B.C. LNG Terminal Site
The Vancouver Sun reports that Nexen Inc., owned by China National Offshore Oil Corporation (CNOOC), has signed an agreement for the sole option to purchase Crown Land at Grassy Point, British Columbia, to develop an LNG export terminal. The article states that the proposed LNG project at Grassy Point, Aurora LNG, is owned 60% by Nexen and 40% by Japanese companies INPEX Corp. and JGC...
New Study Analyzes State-by-State Economic Gains From LNG Exports
Posted on Nov 14, 2013 in LNG Exports, Markets and Competition | Comments Off on New Study Analyzes State-by-State Economic Gains From LNG Exports
A new study prepared by ICF International for the American Petroleum Institute provides a state-by-state analysis of economic gains based on three LNG export scenarios. The study predicts that by 2035 LNG exports could contribute as much as $10 to $31 billion per state to the economies of natural gas-producing states, such as Texas, Louisiana, and Pennsylvania. According to the study,...
Rocky Mountain Congressmen Urge DOE Approval of Non-FTA Exports from Jordan Cove LNG Terminal
Posted on Nov 13, 2013 in Federal Regulation, LNG Exports | Comments Off on Rocky Mountain Congressmen Urge DOE Approval of Non-FTA Exports from Jordan Cove LNG Terminal
The Oregonian reports that twelve members of the U.S. Congress from Wyoming, Utah, and Colorado sent a letter to U.S. Department of Energy (DOE) Secretary Moniz urging DOE to approve expeditiously LNG exports from the proposed Jordan Cove LNG export terminal at Coos Bay, Ore. to nations without a Free Trade Agreement with the United States. The letter states that west coast LNG export...
Report: Chinese Seem Reluctant to Rely on U.S. LNG Supplies
Posted on Nov 11, 2013 in LNG Exports, Policy, Legislation and Politics | Comments Off on Report: Chinese Seem Reluctant to Rely on U.S. LNG Supplies
A new report from the National Bureau of Asian Research titled, “Asia’s Uncertain LNG Future: Conclusions and Implications for the United States and Asia,” finds that while China is expected to increase imports of LNG dramatically over the next decade, and Chinese national oil companies are investing heavily in Asian, Canadian, and other LNG projects around the world, Chinese...
U.S. and Japanese Officials Meet to Discuss LNG and Panama Canal Tolls
Posted on Nov 11, 2013 in LNG Exports, Vessel Transportation | Comments Off on U.S. and Japanese Officials Meet to Discuss LNG and Panama Canal Tolls
Last week, U.S. Federal Maritime Commissioner William P. Doyle met with public and private sector Japanese officials to discuss U.S. LNG exports and the tolling arrangements and cost structure for LNG tankers transiting the widened Panama Canal. In a press release, Doyle stated that “[i]t’s important that the toll structure and economics work for all parties– Panama...