Enbridge Says Alaskan Pipeline Could Be Ready by 2020
Posted on Jul 14, 2014 in Canada & Mexico, LNG Exports, Pipelines | Comments Off on Enbridge Says Alaskan Pipeline Could Be Ready by 2020
Enbridge is in discussions with Alaska to build an $8 billion natural gas pipeline if a competing project fails. Enbridge would be the builder and operator of a 1,163 kilometer pipeline that would carry natural gas from the North Slope to Fairbanks and other parts of southern...
Exelon Corp. Acquires 96 Percent Interest in Annova LNG
Posted on Jul 11, 2014 in Financing, LNG Exports | Comments Off on Exelon Corp. Acquires 96 Percent Interest in Annova LNG
Bloomberg News reports that Exelon Corp. has purchased a 96 percent share in Annova LNG. Annova LNG is currently developing a $1.3 billion LNG export terminal in Brownsville, Texas. At these facilities, Annova will shrink gas to 1/600th of its original volume through a refrigeration process. The terminal is expected to ship 2 million tons of gas per year and could eventually triple...
Report Questions Canada’s Preparedness for Future LNG Market
Posted on Jul 11, 2014 in Canada & Mexico, Federal Regulation, LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on Report Questions Canada’s Preparedness for Future LNG Market
A report published in July 2014 by the University of Calgary, School of Public Policy says there is a serious risk of Canada losing out on a large share of the global LNG market. The market for natural gas in the Asia-Pacific region is expected to increase over 60% by 2025, and LNG is predicted to comprise almost 66% of the global gas market by 2035. These opportunities would open a...
Senators Submit Proposal for New LNG and CNG Retail Units
Posted on Jul 10, 2014 in Federal Regulation, Markets and Competition, Policy, Legislation and Politics | Comments Off on Senators Submit Proposal for New LNG and CNG Retail Units
Politico reports that U.S. Senator John Thune, the ranking member of the U.S. Senate Commerce Committee, and more than twenty senators have delivered a letter to the U.S. Secretary of Commerce, Penny Pritzker, recommending a proposal by the National Conference on Weights and Measures that would permit retailers to sell LNG and CNG in diesel gallon equivalent units. Senator Thune and...
GDF Suez, Mitsubishi, and NYK Sign Agreement Related to LNG Bunkering
Posted on Jul 10, 2014 in Environmental, LNG Exports, Vessel Transportation | Comments Off on GDF Suez, Mitsubishi, and NYK Sign Agreement Related to LNG Bunkering
GDF Suez, Mitsubishi Corp., and Nippon Yusen Kaisha (NYK) signed a framework agreement related to the development of an LNG bunkering vessel and an LNG bunkering supply contract between GDF Suez and United European Car Carriers. Under the agreement, NYK will operate an LNG bunkering vessel to be built in South Korea and delivered by 2016. The LNG bunkering vessel will transport LNG...