Global Infrastructure Partners Purchases Stake in Freeport LNG
Posted on Jul 15, 2014 in LNG Exports, Markets and Competition | Comments Off on Global Infrastructure Partners Purchases Stake in Freeport LNG
Global Infrastructure Partners (GIP), a U.S. based, independent global infrastructure investor, announced its decision to buy 25% of Freeport LNG Development LP for $850 million from Hastings Funds Management Ltd. of Australia. Freeport LNG is a holding company for the LNG receiving and regasification terminal near Freeport, Texas. The Freeport joint venture received approval last...
Kinder Morgan Louisiana Pipeline LLC’s Files Application for Lake Charles Expansion Project at FERC
Posted on Jul 14, 2014 in Liquefaction, LNG Exports, Pipelines | Comments Off on Kinder Morgan Louisiana Pipeline LLC’s Files Application for Lake Charles Expansion Project at FERC
Liquefied Natural Gas Limited announced that the U.S. Federal Energy Regulatory Commission (FERC) has accepted Kinder Morgan Louisiana Pipeline LLC’s application for the Lake Charles Expansion Project. FERC established an August 1, 2014 deadline by which interested parties must formally intervene or submit comments on the filing. The FERC approval process for the Lake Charles...
Senate Finance Committee Approves Highway Trust Fund Bill with Bennet-Udall Measure to Treat LNG Equally to Diesel Fuel
Posted on Jul 14, 2014 in Federal Regulation, Policy, Legislation and Politics | Comments Off on Senate Finance Committee Approves Highway Trust Fund Bill with Bennet-Udall Measure to Treat LNG Equally to Diesel Fuel
The Senate Finance Committee approved a bill to sustain the Highway Trust Fund into early 2015. The Preserving America’s Transit and Highways Act includes a provision to introduced by Senator Michael Bennet (D-Colo.), Senator Richard Burr (R-N.C.), and Senator Orrin Hatch (R-Utah) to allow liquefied natural gas (LNG) to be treated comparably with diesel fuel by requiring that LNG be...
Liquefied Natural Gas Limited Signs EPC Term Sheet with SK Engineering
Posted on Jul 14, 2014 in LNG Exports | Comments Off on Liquefied Natural Gas Limited Signs EPC Term Sheet with SK Engineering
Liquefied Natural Gas Limited has signed an Engineering, Procurement & Construction (EPC) Contract Term Sheet with SK Engineering and Construction for the Magnolia LNG project. John Baguley, Magnolia LNG Chief Operating Officer said “The EPC Term Sheet will materially assist in the early drafting of the LSTK EPC Contract and pave the way for a much shorter negotiation and...
Senators Hoeven, McCain, Murkowski, and Barrasso Introduce the North Atlantic Energy Security Act
Posted on Jul 14, 2014 in Federal Regulation, Policy, Legislation and Politics | Comments Off on Senators Hoeven, McCain, Murkowski, and Barrasso Introduce the North Atlantic Energy Security Act
Senators John Hoeven (R-N.D.), John McCain (R-Ariz.), Lisa Murkowski (R-Ala.) and John Barrasso (R-Wyo.) introduced The North Atlantic Energy Security Act, a bill that aims to streamline the approval process for liquefied natural gas (LNG) production and infrastructure development projects. The law would reform the leasing process for onshore oil and natural gas projects on federal...