Apache Corporation to Sell Its Kitimat LNG Stake
Posted on Jul 31, 2014 in LNG Exports, Markets and Competition | Comments Off on Apache Corporation to Sell Its Kitimat LNG Stake
Bloomberg reports that Apache Corporation, 50% sponsor of the proposed Kitimat LNG project at Bish Cove, near Kitimat, British Columbia, intends to sell its interest in the company. Chevron Canada Ltd. owns the other 50% share. Apache’s press release on the planned sale can be found here. The report states that hedge fund Jana Partners LLC acquired a $1 billion stake in Apache and...
FERC Approves Freeport LNG Export Terminal Project
Posted on Jul 31, 2014 in Environmental, Federal Regulation, LNG Exports | Comments Off on FERC Approves Freeport LNG Export Terminal Project
FERC issued an order yesterday approving an application filed by Freeport LNG Development and certain affiliates to construct LNG export terminal facilities, interconnected pipeline facilities, and related modifications to Freeport’s existing LNG import terminal near Freeport, Texas. This is the third LNG export facility FERC has approved, following approvals of the Sabine Pass LNG...
FERC Rejects Environmental Groups’ Request for Rehearing of Cameron LNG Order
Posted on Jul 30, 2014 in Federal Regulation, LNG Exports | Comments Off on FERC Rejects Environmental Groups’ Request for Rehearing of Cameron LNG Order
Yesterday, FERC issued a notice rejecting Sierra Club, Gulf Restoration Network, and RESTORE’s request for rehearing and stay of FERC’s order approving Cameron LNG’s application to construct an LNG export terminal at Hackberry, La. FERC rejected the request because it was filed outside the statutory 30-day deadline for filing rehearing requests and, therefore, the motion for stay was...
B.C. Oil and Gas Commission Updates LNG Facility Regulations
Posted on Jul 29, 2014 in Canada & Mexico, LNG Exports | Comments Off on B.C. Oil and Gas Commission Updates LNG Facility Regulations
The British Columbia Oil and Gas Commission announced that it has enacted the new Liquefied Natural Gas Facility Regulation (LNGFR) under the authority of Section 111(2) of the Oil and Gas Activities Act. The announcement states that the LNGFR updates current regulations and is “designed to comprehensively address regulatory aspects associated with proposed small- and large-scale LNG...
Quicksilver Resources Canada Files for LNG Export Authority
Posted on Jul 29, 2014 in Canada & Mexico, LNG Exports | Comments Off on Quicksilver Resources Canada Files for LNG Export Authority
Quicksilver Resources Canada Inc. (Quicksilver) filed an application with the Canadian National Energy Board to export 20 million tonnes per annum (mtpa) (960 Bcf/year) of LNG over 25 years from the proposed Discovery LNG Project located just north of the City of Campbell River, British Columbia. Quicksilver states that the proposed project would have four liquefaction trains with a...