Article Discusses How Oregon LNG Terminals May Be Quicker Alternative for Canadian Gas Exports
Posted on Feb 20, 2014 in Canada & Mexico, LNG Exports | Comments Off on Article Discusses How Oregon LNG Terminals May Be Quicker Alternative for Canadian Gas Exports
An article in Financial Post discusses how the proposed Oregon LNG and Jordan Cove Energy Project LNG terminals in Oregon may provide a quicker alternative for Canadian gas to reach Asian markets than LNG exports from proposed British Columbia LNG export terminals. According to the article, if approved, exports of Canadian gas-sourced LNG from the Jordan Cove project could begin in...
Shell Concerned With Proposed B.C. LNG Tax Rate
Posted on Feb 20, 2014 in Canada & Mexico, LNG Exports, Policy, Legislation and Politics | Comments Off on Shell Concerned With Proposed B.C. LNG Tax Rate
Financial Post reports that a spokesman for Royal Dutch Shell, a sponsor of LNG Canada’s proposed LNG terminal at Kitimat, British Columbia (B.C.), responded to the recently proposed B.C. LNG tax proposal by stating that his company has “been clear that the rate needs to be globally competitive if B.C. is to build an LNG industry, and we’re concerned the top end of the range won’t...
FERC Authorizes Increase in Sabine Pass LNG Production Capacity
Posted on Feb 20, 2014 in Federal Regulation, LNG Exports | Comments Off on FERC Authorizes Increase in Sabine Pass LNG Production Capacity
FERC issued an order today approving Sabine Pass Liquefaction, LLC’s and Sabine Pass LNG, L.P.’s (together, Sabine Pass) application to increase the authorized maximum peak day LNG production capacity for Stages 1 and 2 (Trains 1-4) of its LNG export terminal project in Cameron Parish, La. from 2.2 to 2.76 Bcf/day. Sabine Pass requested the authorization to reflect the maximum or peak...
B.C. Government Releases LNG Tax Proposal
Posted on Feb 19, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on B.C. Government Releases LNG Tax Proposal
The Globe and Mail reports that the British Columbia (B.C.) government released its proposed budget yesterday, which includes an initial tax rate of 1.5% on net income from LNG export terminals. According to the report, the tax rate will increase to as high as 7% once companies recover the capital costs of building the terminals. The article states that some independent consultants...
Louisiana LNG Energy Files for DOE FTA LNG Export Authority
Posted on Feb 17, 2014 in Federal Regulation, LNG Exports | Comments Off on Louisiana LNG Energy Files for DOE FTA LNG Export Authority
Louisiana LNG Energy LLC (LLNG) has filed an application with the U.S. Department of Energy (DOE) to export up to two million metric tons per year of LNG from a proposed terminal on the Mississippi River, south of New Orleans in Plaquemines Parish, La. LLNG requests authority to export the LNG for a 25-year period to nations having a free trade agreement (FTA) with the United States...