Article Discusses Mexico’s Gas Shortage and Need to Import LNG
Posted on Oct 1, 2013 in Canada & Mexico, Markets and Competition | Comments Off on Article Discusses Mexico’s Gas Shortage and Need to Import LNG
An article in the Greeley Tribune examines Mexico’s need to purchase expensive LNG from world spot markets, despite its proximity to cheaper U.S. gas supplies, due to a shortage of gas pipeline capacity to meet increased demand and Mexico’s inability to tap its shale gas...
Oregon Begins Coastal Zone Management Act Consistency Review for Oregon LNG Terminal
Posted on Sep 30, 2013 in Environmental, Federal Regulation, LNG Exports, State and Local Issues | Comments Off on Oregon Begins Coastal Zone Management Act Consistency Review for Oregon LNG Terminal
The Oregon Department of Land Conservation and Development (DLCD) filed a letter with FERC stating that effective July 3, 2013, it has initiated review of Oregon LNG’s certification that its proposed LNG terminal project is consistent with the Oregon Coastal Management Program. The federal consistency provisions of the Coastal Zone Management Act require that any federal action...
Sabine Pass Files Formal Application with FERC for Terminal Expansion
Posted on Sep 30, 2013 in Federal Regulation, LNG Exports | Comments Off on Sabine Pass Files Formal Application with FERC for Terminal Expansion
Sabine Pass Liquefaction Expansion filed a formal application with FERC to construct additional LNG export facilities at its LNG terminal in Cameron Parish, La. The Liquefaction Expansion Project consists of two additional liquefaction trains, Trains 5 and 6. Liquefaction Trains 1 through 4 are currently under construction at the Sabine Pass LNG Terminal. The application also requests...
Magnolia LNG to Finalize Equity Finance Agreements with Stonepeak Partners
Posted on Sep 27, 2013 in LNG Exports, Markets and Competition | Comments Off on Magnolia LNG to Finalize Equity Finance Agreements with Stonepeak Partners
Magnolia LNG (MLNG) announced that equity finance definitive agreements with Stonepeak Partners, LP (Stonepeak) for the proposed Magnolia LNG export terminal at Lake Charles, La. are expected to be finalized and executed in October 2013. The Equity Agreements provide for Stonepeak to provide 100% of the Magnolia LNG Project’s estimated equity requirement of US$660 million at Financial...
FERC Releases Project Update for Oregon LNG Terminal
Posted on Sep 27, 2013 in Federal Regulation, LNG Exports | Comments Off on FERC Releases Project Update for Oregon LNG Terminal
FERC has updated the status of its review regarding Oregon LNG’s proposed LNG import and export terminal in Warrenton, Ore. and interconnected pipeline. FERC currently is analyzing the formal applications for the project and preparing a draft environmental impact statement, which will be released for public comment. Copies of the project update can be accessed here, and the complete...