Venture Global LNG Closes Additional $15 Million Funding Deal
Posted on Aug 23, 2016 in Financing, Liquefaction, LNG Exports | Comments Off on Venture Global LNG Closes Additional $15 Million Funding Deal
Venture Global LNG, Inc., announced that it has closed a fifth round of equity investment, raising additional capital of $15 million and bringing the total capital raised to date to over $280 million. The proceeds will fund Venture Global LNG’s proposed 10 million tonnes per annum (MTPA) Venture Global Calcasieu Pass LNG facility at the intersection of the Calcasieu Ship Channel and...
Corpus Christi Liquefaction and Sabine Pass LNG File Construction Progress Reports
Posted on Aug 22, 2016 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Corpus Christi Liquefaction and Sabine Pass LNG File Construction Progress Reports
Corpus Christi Liquefaction (CCL) and Sabine Pass LNG (SPL) have filed reports with FERC covering construction activities at their LNG export terminals through July 2016. For its liquefaction and LNG export terminal under construction at Corpus Christi, Texas, CCL reports that engineering has progressed to 98.7%, procurement has progressed to 55.5%, Bechtel’s direct hire construction...
State to Take Over Alaska LNG Project
Posted on Aug 19, 2016 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on State to Take Over Alaska LNG Project
Alaska Dispatch News reports that Alaska Gasline Development Corp. (AGDC) and the producer sponsors of the proposed Alaska LNG Project, ExxonMobil, ConocoPhillips and BP, “are working ‘cooperatively’ on a plan to turn over leadership of the project to Alaska,” according to Keith Meyer, president of AGDC. AGDC represents Alaska’s 25% interest in the project. Due to the global...
Transco Proposes Pipeline to Serve Corpus Christi and Freeport LNG Terminal Customers
Posted on Aug 17, 2016 in Federal Regulation, Pipelines | Comments Off on Transco Proposes Pipeline to Serve Corpus Christi and Freeport LNG Terminal Customers
Transcontinental Gas Pipe Line (Transco) has filed an application with FERC to construct and operate its Gulf Connector Expansion Project, which would provide 400,000 dt/day of firm transportation service to Corpus Christi Liquefaction, LLC (CCL) and 75,000 dt/day of firm transportation service to Osaka Gas Trading & Export LLC. The Gulf Connector Expansion Project would...
Additional LNG Export Authority Sought for Lake Charles Terminal
Posted on Aug 17, 2016 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Additional LNG Export Authority Sought for Lake Charles Terminal
Lake Charles Exports, LLC and Lake Charles LNG Export Company, LLC each have filed applications for authority to export an additional 121 Bcf/year of LNG from the proposed export terminal at Lake Charles, La (Lake Charles Terminal). The companies propose to export the LNG to Free Trade Agreement (FTA) countries for a period of 25 years and Non-FTA countries for a period of 20 years....