BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project
Posted on May 31, 2019 in Federal Regulation, Liquefaction, LNG Exports, State and Local Issues | Comments Off on BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project
Platts reports that North Slope producers BP and ExxonMobil have agreed to contribute $10 million each to help the state of Alaska complete the FERC approval process for the proposed $41 billion Alaska LNG project. According to the report, state-owned Alaska Gasline Development Corporation needs $30 million and another year to complete the FERC approval process. The proposed Alaska LNG...
Alaska LNG Sponsor Signs Collaboration Agreement with BP and ExxonMobil
Posted on Mar 12, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Alaska LNG Sponsor Signs Collaboration Agreement with BP and ExxonMobil
The Alaska Gasline Development Corporation, sponsor of the Alaska LNG project, announced that it has “signed an agreement with BP and ExxonMobil to collaborate on ways to advance the Alaska LNG project by working together to identify ways to improve the project’s competitiveness, and progress the Federal Energy Regulatory Commission authorization to construct the...
ExxonMobil and Qatar Petroleum Make FID for Golden Pass LNG Export Project
Posted on Feb 5, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on ExxonMobil and Qatar Petroleum Make FID for Golden Pass LNG Export Project
ExxonMobil and partner Qatar Petroleum said today they have made a final investment decision (“FID”) to proceed with development of the proposed Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024. According to the press release, the “$10+ billion liquefaction project will...
ExxonMobil and Imperial Withdraw Proposed B.C. LNG Terminal Application
Posted on Jan 3, 2019 in Canada & Mexico, Environmental, Liquefaction, LNG Exports | Comments Off on ExxonMobil and Imperial Withdraw Proposed B.C. LNG Terminal Application
Reuters reports that ExxonMobil and Imperial (Oil Resources Ltd) have withdrawn their proposed West Coast Canada (WCC) LNG project in northern British Columbia (B.C.) from the environmental review process, “signaling that the project has been shelved.” According to the report, “[t]he project was being jointly reviewed by the province and Canadian environmental regulators, an assessment...
Alaska and ExxonMobil Sign Agreement for Alaska LNG Supplies
Posted on Sep 12, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Alaska and ExxonMobil Sign Agreement for Alaska LNG Supplies
Alaska Gasline Development Corporation, sponsor of the Alaska LNG Project, has announced that it has signed a Gas Sales Precedent Agreement with ExxonMobil Alaska Production Inc. (ExxonMobil) that covers certain key terms, including price and a volume basis, for a Gas Sales Agreement. According to the press release, the parties anticipate finalizing long-term gas sales agreements to...