FERC Approves Modification to EcoEléctrica Authorization
Posted on Jun 19, 2014 in LNG Exports, Pipelines, Vessel Transportation | Comments Off on FERC Approves Modification to EcoEléctrica Authorization
On Thursday, FERC approved a modification to EcoEléctrica, L.P.’s authorization under the Natural Gas Act. The approval authorizes EcoEléctrica to construct an LNG pipeline that will supply LNG to a non-jurisdictional LNG truck loading facility at EcoEléctrica’s existing liquefied natural gas terminal and cogeneration facility site in Peñuelas, Puerto Rico. The facility is currently...
GDF Suez and Santos Terminate Floating LNG Project
Posted on Jun 19, 2014 in Liquefaction, Markets and Competition, Vessel Transportation | Comments Off on GDF Suez and Santos Terminate Floating LNG Project
On Thursday, GDF Suez SA and Santos Ltd. announced that they have terminated their plans for a floating LNG project. The multibillion dollar Bonaparte LNG project was intended to use new technology to liquefy natural gas from a vessel at sea. Santos and Suez stated that the project no longer complied with the companies’ commercial needs and that they would consider alternative...
FERC Releases EIS for Freeport LNG Project
Posted on Jun 18, 2014 in Environmental, Federal Regulation, LNG Exports | Comments Off on FERC Releases EIS for Freeport LNG Project
On Monday, FERC released a final environmental impact statement (EIS) for two proposals related to Freeport LNG’s operations on Quintana Island, Texas. The proposals included modifications to previously authorized, but not yet constructed, facilities and a proposal for new facilities. Staff concluded that the projects would result in mostly temporary and short-term environmental...
Department of Energy Approves Texas LNG to Export Gas
Posted on Jun 18, 2014 in Canada & Mexico, LNG Exports | Comments Off on Department of Energy Approves Texas LNG to Export Gas
The US Department of Energy granted Texas LNG approval to export to Free Trade Agreement countries. Texas LNG has approval to export the equivalent of 100 Bcf/y (approximately 2 MTA) of domestically produced LNG. The authorization is for a 25-year term to current and future Free Trade Agreement countries. Texas LNG is currently building a $1 billion terminal in South Texas at the Port...
BP to Sign $20 Billion LNG Supply Deal with China’s CNOOC
Posted on Jun 17, 2014 in LNG Exports, Markets and Competition | Comments Off on BP to Sign $20 Billion LNG Supply Deal with China’s CNOOC
BP is scheduled to sign a $20 billion deal to supply China National Offshore Oil Corporation (CNOOC) with LNG over a span of 20 years. BP is said to be likely to source much of the LNG for the deal from its contracted capacity at the Freeport LNG liquefaction facility near Freeport, Texas. Reuters reports the deal will increase China’s LNG intake by at least 1.5 million tonnes each...