Petronas Considering Selling Stake in Proposed B.C. LNG Terminal
Posted on Sep 30, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Petronas Considering Selling Stake in Proposed B.C. LNG Terminal
Reuters reports that three unnamed sources “familiar with the matter” have revealed that Petronas is considering selling its majority stake in the proposed $27 billion Pacific NorthWest LNG export terminal near Prince Rupert, British Columbia due to financial constraints and low global LNG prices. The Canadian government approved the project with 190 conditions earlier this week....
Canadian Government Conditionally Approves Petronas’s Pacific NorthWest LNG Terminal
Posted on Sep 28, 2016 in Canada & Mexico, Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on Canadian Government Conditionally Approves Petronas’s Pacific NorthWest LNG Terminal
CBC News reports that the Canadian federal government has approved Petronas’s proposed Pacific NorthWest LNG export terminal near Prince Rupert, British Columbia with 190 legally binding conditions. According to the report, majority sponsor Malaysian state oil company Petronas “initially said it would proceed with the project if the federal government gave its approval, but now the...
Environmental Assessment for Petronas Project Due Next Monday
Posted on Sep 26, 2016 in Canada & Mexico, Environmental, Liquefaction, LNG Exports | Comments Off on Environmental Assessment for Petronas Project Due Next Monday
CBC News reports that the Canadian Environmental Assessment Agency’s final environmental report on Petronas’s proposed Pacific NorthWest LNG (PNWLNG) export terminal near Prince Rupert, British Columbia is due to be released October 3. According to its website, PNWLNG announced a positive Final Investment Decision in June 2015, subject to two conditions, the first of which was...
U.S. Senators Ask DOE to Slow Down LNG Export Approvals
Posted on Sep 26, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on U.S. Senators Ask DOE to Slow Down LNG Export Approvals
A group of twelve U.S. Senators has sent a letter to U.S. Secretary of Energy Moniz requesting that “DOE slow its [LNG export] approval process until the full impacts of currently approved exports are realized.” The letter expresses concerns that LNG exports will increase domestic natural gas prices, noting that “more than 60 percent of 2015 natural gas production has been approved...
Alaska and ConocoPhillips Sign MOU to Market North Slope Gas
Posted on Sep 22, 2016 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Alaska and ConocoPhillips Sign MOU to Market North Slope Gas
The State of Alaska, through the Alaska Gasline Development Corporation (AGDC) and ConocoPhillips Alaska Inc. have executed a Memorandum of Understanding (MOU) regarding negotiations to form a joint venture company (JV) to market LNG from the proposed Alaska LNG project to global LNG markets and acquire North Slope gas, with the goal of bringing LNG buyers and North Slope wellhead...