B.C. Introduces Bill Providing Details on LNG Income Taxes
Posted on Mar 26, 2015 in Canada & Mexico, LNG Exports, Policy, Legislation and Politics | Comments Off on B.C. Introduces Bill Providing Details on LNG Income Taxes
The British Columbia (B.C.) government has introduced Bill 26, the Liquefied Natural Gas Income Tax Amendment Act 2015, to “set out the remaining elements of a competitive LNG income tax framework.” The bill provides the LNG industry clarifying information under the Liquefied Natural Gas Income Tax Act, including obligations to register, file returns, pay the tax, and appeal rights. ...
Coast Guard and MARAD Temporarily Suspend Review of Port Ambrose LNG Import Project
Posted on Mar 26, 2015 in Environmental, Federal Regulation, Regas Terminals & Capacity | Comments Off on Coast Guard and MARAD Temporarily Suspend Review of Port Ambrose LNG Import Project
The U.S. Coast Guard and the U.S. Maritime Administration (MARAD) have temporarily suspended their review of Liberty Natural Gas’s proposed Port Ambrose deepwater LNG import terminal to be located off the coasts of New Jersey and New York. The suspension was implemented to permit the Coast Guard and MARAD to complete their Final Environmental Impact Statement for the project and to...
Shell’s LNG Canada Project Moving Forward
Posted on Mar 26, 2015 in Canada & Mexico, LNG Exports | Comments Off on Shell’s LNG Canada Project Moving Forward
Markus Hector, general manager of global LNG for Shell, primary owner of LNG Canada, recently stated that LNG Canada’s proposed LNG export terminal project in British Columbia is “progressing,” despite low crude oil and natural gas prices. A final investment decision on the project, however, is not expected until at least 2016. Read more in the Reuters article....
G2 LNG Files for DOE LNG Export Authority
Posted on Mar 25, 2015 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on G2 LNG Files for DOE LNG Export Authority
G2 LNG LLC has filed applications with the U.S. Department of Energy (DOE) seeking authority to export over a 30-year period up to 14 million tonnes per annum (672 Bcf/year) of domestically produced LNG to nations with and without a Free Trade Agreement (FTA) with the United States. G2 LNG proposes to export the LNG from its proposed liquefaction facility and LNG export terminal to be...
Alaska House Passes Bill to Thwart Governor’s Pipeline Proposal
Posted on Mar 24, 2015 in Liquefaction, LNG Exports, Policy, Legislation and Politics, State and Local Issues | Comments Off on Alaska House Passes Bill to Thwart Governor’s Pipeline Proposal
The Alaska House passed a bill yesterday that would prevent the state from pursuing its own pipeline project “until either the fulfillment or failure of a state partnership” with the Alaska LNG export terminal and pipeline project developers. Alaska Governor Bill Walker proposed the Alaska Standalone Gas Pipeline, or ASAP, “amid concerns that Alaska LNG might not be the best deal for...