House to Vote on Amended LNG Export Bill Next Week
Posted on Jun 24, 2014 in LNG Exports, Policy, Legislation and Politics | Comments Off on House to Vote on Amended LNG Export Bill Next Week
Early next week, the House of Representative is expected to vote on H.R. 6, a bill that intends to expedite U.S. LNG exports to World Trade Organization countries. Rep. Cory Gardner (R-Colo.) announced an amendment that he and Rep. Gene Green (D-Tex.) have proposed, which would require the US Department of Energy to issue a final decision on any application to export natural gas 30...
WesPac Midstream seeks Permission to Export LNG from B.C.’s Lower Mainland
Posted on Jun 23, 2014 in Canada & Mexico, LNG Exports | Comments Off on WesPac Midstream seeks Permission to Export LNG from B.C.’s Lower Mainland
WesPac Midstream Vancouver LLC (“WPMV”) filed an application with Canada’s National Energy Board seeking a license to export up to 146 Bcf or 4.14 billion cubic meters of LNG per year over 25 years. WPMV intends to export the LNG produced at the Tilbury LNG Plant located in Delta, British...
China Oil and Gas Group to Purchase Calgary-based Baccalieu Energy
Posted on Jun 23, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on China Oil and Gas Group to Purchase Calgary-based Baccalieu Energy
China Oil and Gas Group Ltd., a natural gas distributor and operator of LNG facilities in China, announced that it will buy Calgary-based Baccalieu Energy, Inc. for CAD$236 million. Baccalieu operates in west central Alberta, Canada concentrating on unconventional oil and gas operations in a formation known as the...
AltaGas Enters into LOI with British Columbia
Posted on Jun 23, 2014 in Canada & Mexico, LNG Exports | Comments Off on AltaGas Enters into LOI with British Columbia
AltaGas Ltd. and the Province of British Columbia announced that they have signed a Letter of Intent related to the potential development of a liquefaction facility in Dawson Creek, British Columbia. AltaGas plans to build small LNG facilities throughout northern British Columbia, and the Letter of Intent is intended to advance the first phase of the project...
Petronas Seeks $15 billion to Finance Pacific Northwest LNG Project
Posted on Jun 20, 2014 in Canada & Mexico, Financing, LNG Exports | Comments Off on Petronas Seeks $15 billion to Finance Pacific Northwest LNG Project
Petroliam Nasional Berhad (Petronas) is seeking debt-financing of as much as $15 billion for its sponsored Pacific Northwest LNG project on the West Coast of Canada. Spokesman for the Pacific NorthWest LNG project told the Financial Post, “[y]es, we have contracted Société Générale S.A. as the financial advisor. They will be going out and looking to acquire financing for the...