Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common Stock
Posted on Jun 27, 2014 in Markets and Competition, Vessel Transportation | Comments Off on Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common Stock
On Wednesday, Golar LNG announced the pricing of its offering of 11 million shares of common stock at $54 per share. The stock opened trading today at the price of 59.27, a 9.8% increase from the offering price. Golar LNG granted its underwriters a 30-day option to purchase up to an additional 1,650,000 common shares. Proceeds from the public offering will go towards funding a...
House Passes Bill to Expedite Timeline for LNG Exports
Posted on Jun 26, 2014 in LNG Exports, Policy, Legislation and Politics | Comments Off on House Passes Bill to Expedite Timeline for LNG Exports
On Wednesday, the U.S. House of Representatives passed H.R. 6, a bill to, among other purposes, expedite approval for the export of LNG to World Trade Organization countries. The bill passed 266-150, and it would reduce the timeline for DOE approval from 90 days to 30 days following the conclusion of the NEPA environmental review of the LNG facilities. The bill now must be...
Virginia State Agencies Respond to Cove Point EA
Posted on Jun 25, 2014 in Environmental, Federal Regulation | Comments Off on Virginia State Agencies Respond to Cove Point EA
The Commonwealth of Virginia responded to FERC’s Environmental Assessment (EA) for the proposed construction of and improvements to Dominion Cove Point LNG’s liquefication facilities at the existing Cove Point LNG Terminal located in Lusby, Maryland. Virginia agencies concluded that, if activities follow the recommendations in the Impacts and Mitigation section, the proposal is...
FERC Provides Project Update for Golden Pass LNG
Posted on Jun 25, 2014 in Environmental, Federal Regulation, LNG Exports | Comments Off on FERC Provides Project Update for Golden Pass LNG
FERC has released an update on the status of its review of Golden Pass LNG’s application for an export facility at an existing import terminal in Jefferson County, Texas, a new three-mile long pipeline in Calcasieu Parish, Louisiana, three new compressor stations in Jefferson County, Texas, Orange County, Texas, and Calcasieu Parish, Louisiana. The project also includes modifications...
Downeast LNG alters plan for LNG Terminal
Posted on Jun 25, 2014 in Federal Regulation, LNG Exports | Comments Off on Downeast LNG alters plan for LNG Terminal
Dean Girdis, CEO of Downeast LNG, announced that the company is altering the proposed Washington County, Maine, facility to be a “bi-directional facility.” The facility would handle both the import and export of natural gas. The proposed project would have the ability to liquefy 2 million tons of LNG (270 mmcfd of gas) per year or regasify 100 mmcfd of LNG, based on market...