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Canadian Energy Board Grants Two Long-Term LNG Export Licenses

Canada’s National Energy Board (NEB) has approved New Times Energy Ltd’s application for a license to export over 25 years up to 586 Bcf/year of LNG with an additional annual tolerance of 15 percent from a floating liquefaction and LNG export terminal facility it intends to build near Port of Prince Rupert, British Columbia. The NEB also approved an application by AltaGas DCLNG General...

Canadian Environmental Agency Concludes Pacific NorthWest LNG Terminal Unlikely to Cause Significant Adverse Effects

The Globe and Mail reports that scientists from Fisheries and Oceans Canada, a federal agency, sent a letter last week to the Canadian Environmental Assessment Agency concluding that “[t]he effects of the [Pacific NorthWest LNG] marine structure on fish and fish habitat have been categorized as having a low potential of resulting in significant adverse effects.”  Malaysian state oil...

New Report Finds Renewable Energy Competitive to LNG for Overseas Power Generation

A new report from the Brattle Group finds that due to declining costs, renewable energy sources are becoming increasingly competitive to LNG for power generation in overseas markets.  According to the press release, the report suggests that as a result, the predicted glut of global LNG supplies may be more than a temporary condition.    

Panama Canal Authority Issues RFP to Study Feasibility of LNG Facilities on Panama Canal Property

The U.S. Trade and Development Agency is sponsoring a grant to the Panama Canal Authority (ACP) for the development of a Feasibility Study to assess and plan the development of “LNG-related infrastructure to capitalize on the projected increase in LNG tanker traffic resulting from the expansion of the Panama Canal.”  The ACP is soliciting U.S. firms for offers to prepare the...

Analysts: More than Half of U.S. LNG Exports Will Go to Europe by 2020

Bloomberg reports that “Europe is set to be the key destination” for U.S. LNG supplies. Per Wood Mackenzie analysts’ predictions, 55% of U.S. LNG exports will go to Europe by 2020 due to the disappearance of the large spread between European and Asian LNG prices and Europe’s proximity to U.S. LNG export terminals.  

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