Cabot to Supply Gas for LNG Export from Cove Point Terminal
Posted on Dec 20, 2013 in LNG Exports, Markets and Competition | Comments Off on Cabot to Supply Gas for LNG Export from Cove Point Terminal
Cabot Oil & Gas Corporation announced that it has executed a definitive gas sale and purchase agreement with Pacific Summit Energy LLC (Pacific Summit), a wholly owned subsidiary of Sumitomo Corporation. Under the agreement, Cabot will sell 350,000 MMBtu/day of natural gas from its Marcellus Shale position to Pacific Summit. The agreement has a 20-year term, commencing on the...
Canada’s National Energy Board Approves Four LNG Export Licenses
Posted on Dec 18, 2013 in Canada & Mexico, Federal Regulation, LNG Exports | Comments Off on Canada’s National Energy Board Approves Four LNG Export Licenses
The Canadian National Energy Board (NEB) has approved LNG export licenses for Prince Rupert LNG Exports Ltd., Pacific NorthWest LNG Ltd., WCC LNG Ltd., and Woodfibre LNG Export Pte. Ltd. Read more in the press release. The Honourable Joe Oliver, Canada’s Minister of Natural Resources, issued a statement following the NEB decisions stating that issuance of the licenses is subject to...
Freeport LNG Obtains Financing for Train Two Liquefaction Facility
Posted on Dec 18, 2013 in LNG Exports, Markets and Competition | Comments Off on Freeport LNG Obtains Financing for Train Two Liquefaction Facility
Freeport LNG Expansion, L.P. (Freeport LNG) and IFM Investors (IFM) announced that they have entered into an agreement whereby IFM will invest approximately $1.3 billion of equity funding for liquefaction Train Two at Freeport LNG’s proposed LNG export terminal on Quintana Island near Freeport, Texas. According to the press release, the balance of the Train Two capital needs will be...
EIA: U.S. to Be Net LNG Exporter by 2016
Posted on Dec 18, 2013 in LNG Exports | Comments Off on EIA: U.S. to Be Net LNG Exporter by 2016
The U.S. Energy Information Administration released its Annual Energy Outlook (AEO) 2014 early release overview and, in the reference case, the United States becomes a net exporter of LNG in 2016, and becomes an overall net exporter of natural gas in 2018, two years earlier than in predicted in AEO 2013. The report predicts that U.S. exports of LNG from new liquefaction capacity will...
B.C. First Nations Seek Ownership Shares in Proposed LNG Export Terminals
Posted on Dec 13, 2013 in Canada & Mexico, LNG Exports | Comments Off on B.C. First Nations Seek Ownership Shares in Proposed LNG Export Terminals
The Globe and Mail reports that British Columbia (B.C.) First Nations have been seeking loan guarantees that would enable them to acquire ownership interests in proposed B.C. LNG export terminals. The article quotes Dave Porter, chief executive of British Columbia First Nations Energy and Mining Council, as stating that while there is an opportunity for industry to partner with First...