Golden Pass Products Responds to EPA Request to Justify LNG Export Project
Posted on Oct 23, 2014 in Environmental, Federal Regulation, LNG Exports | Comments Off on Golden Pass Products Responds to EPA Request to Justify LNG Export Project
Golden Pass Products has responded to a U.S. Environmental Protection Agency (EPA) request to “explain why [Golden Pass’s LNG export project] better supports U.S. strategic energy objectives than the option of not exporting domestic natural gas.” Golden Pass cited the economic and geopolitical benefits of its project in its response to this and other EPA questions. Golden Pass’s...
B.C. Proposes LNG Tax Rate
Posted on Oct 22, 2014 in Canada & Mexico, Policy, Legislation and Politics | Comments Off on B.C. Proposes LNG Tax Rate
Yesterday, the British Columbia (B.C.) government introduced the Liquefied Natural Gas Income Tax Act, which proposes to tax LNG projects at a rate of 1.5% when production begins, rising to 3.5% after capital costs are recovered and then rising to 5% after January 1, 2037. Some LNG terminal sponsors applauded the reduction in the tax rates that were originally proposed this past...
Downeast LNG Files to Export to FTA and Non-FTA Nations
Posted on Oct 22, 2014 in Federal Regulation, LNG Exports | Comments Off on Downeast LNG Files to Export to FTA and Non-FTA Nations
Downeast LNG (Downeast) has filed applications with the U.S. Department of Energy to export from its proposed bi-directional LNG terminal in Robbinston, Maine, to nations having a Free Trade Agreement (FTA) with the United States and to non-FTA nations up to 168 Bcf/year of LNG over a 20-year period. Downeast’s FTA application can be found here and its non-FTA application can be found...
B.C. Proposes Greenhouse Gas Emissions Standards for LNG Facilities
Posted on Oct 21, 2014 in Canada & Mexico, Environmental | Comments Off on B.C. Proposes Greenhouse Gas Emissions Standards for LNG Facilities
Yesterday, the British Columbia (B.C.) government proposed new greenhouse gas emissions standards applicable to LNG facilities that, according to a report in the Globe and Mail, establish a benchmark that is lower than any other in the world. A report in the Vancouver Sun states that LNG terminal sponsors say the proposed rules will not “derail their...
Sabine Pass LNG Files Monthly Construction Status Report
Posted on Oct 21, 2014 in Federal Regulation, LNG Exports | Comments Off on Sabine Pass LNG Files Monthly Construction Status Report
Sabine Pass LNG filed a report with FERC covering construction activities through September 2014 at its LNG export terminal in Cameron Parish, La. Stage 1 (liquefaction trains 1 and 2) engineering is 99.9% complete, procurement is 99.9% complete, and subcontract and direct hire construction work are 50.9% and 44.5% complete, respectively. Stage 1 overall project completion is 75.6%...