LNG Exports Bill Faces Uphill Battle in Senate
Posted on Jun 27, 2014 in LNG Exports, Policy, Legislation and Politics | Comments Off on LNG Exports Bill Faces Uphill Battle in Senate
Earlier this week, the U.S. House of Representatives passed, with strong bi-partisan support, H.R. 6 which would expedite the timeline for LNG export applications. It is uncertain if a similar bill will be adopted in the Senate. Congressman Cory Gardner, author of H.R. 6, called on Sen. Mary Landrieu, the Senate Energy and Natural Resources Committee Chairwoman, to support the bill...
Edmonton Industrial Park to Develop LNG for Export to China
Posted on Jun 27, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Edmonton Industrial Park to Develop LNG for Export to China
The Edmonton Economic Development Corporation (EEDC) announced plans to build a 1,000 acre industrial park in Sturgeon County, including a facility to make LNG to export to China. EEDC signed a memorandum of understanding with two partners – Gascana AB Energy Ltd. And Gascana-Sino Industrial Park Administrative Committee Inc. – to complete the Sino Canada Natural Gas Development...
Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common Stock
Posted on Jun 27, 2014 in Markets and Competition, Vessel Transportation | Comments Off on Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common Stock
On Wednesday, Golar LNG announced the pricing of its offering of 11 million shares of common stock at $54 per share. The stock opened trading today at the price of 59.27, a 9.8% increase from the offering price. Golar LNG granted its underwriters a 30-day option to purchase up to an additional 1,650,000 common shares. Proceeds from the public offering will go towards funding a...
House Passes Bill to Expedite Timeline for LNG Exports
Posted on Jun 26, 2014 in LNG Exports, Policy, Legislation and Politics | Comments Off on House Passes Bill to Expedite Timeline for LNG Exports
On Wednesday, the U.S. House of Representatives passed H.R. 6, a bill to, among other purposes, expedite approval for the export of LNG to World Trade Organization countries. The bill passed 266-150, and it would reduce the timeline for DOE approval from 90 days to 30 days following the conclusion of the NEPA environmental review of the LNG facilities. The bill now must be...
Virginia State Agencies Respond to Cove Point EA
Posted on Jun 25, 2014 in Environmental, Federal Regulation | Comments Off on Virginia State Agencies Respond to Cove Point EA
The Commonwealth of Virginia responded to FERC’s Environmental Assessment (EA) for the proposed construction of and improvements to Dominion Cove Point LNG’s liquefication facilities at the existing Cove Point LNG Terminal located in Lusby, Maryland. Virginia agencies concluded that, if activities follow the recommendations in the Impacts and Mitigation section, the proposal is...