U.S. Senators Ask Moniz under What Circumstances DOE Would Revoke an LNG Export License
Posted on Aug 5, 2013 in Federal Regulation, LNG Exports | Comments Off on U.S. Senators Ask Moniz under What Circumstances DOE Would Revoke an LNG Export License
U.S. Senators Ron Wyden (D-OR) and Lisa Murkowski (R-AK) sent a letter to U.S. Department of Energy Secretary Moniz on Friday asking for “greater clarity on what the agency considers ‘appropriate circumstances’ when the agency might be compelled to revoke or modify an export authorization and explain the applicable process in such a situation.” The senators...
ConocoPhillips Withdrawing from Freeport LNG Export Project
Posted on Aug 2, 2013 in Financing, LNG Exports | Comments Off on ConocoPhillips Withdrawing from Freeport LNG Export Project
Dow Jones Business News reports that ConocoPhillips has reached an agreement to pull out of the Freeport LNG export project in Texas. The move is part of the company’s repositioning to focus on U.S. shale gas...
Chevron FID on Kitimat LNG Expected in 2014
Posted on Aug 2, 2013 in Canada & Mexico, LNG Exports | Comments Off on Chevron FID on Kitimat LNG Expected in 2014
Dow Jones Business News reports that a final investment decision (FID) by Chevron Corp. on the Kitimat LNG project in British Columbia will not come until 2014. The article states that while Chevron has been negotiating with unnamed Asian companies, unless equity partners can be found for 60% of the project’s export capacity, the project will not be...
RWE Selling its 50% Share of Excelerate Energy
Posted on Aug 2, 2013 in Markets and Competition | Comments Off on RWE Selling its 50% Share of Excelerate Energy
German utility company RWE is selling its 50% share in Excelerate Energy to Excelerate’s co-owner, George B. Kaiser. According to the press release, the global LNG market has developed to the point where RWE’s possession of Excelerate’s LNG assets is no longer required for RWE’s success in the LNG trading...
Article Examines Canadian LNG Export Market Economics
Posted on Jul 29, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Article Examines Canadian LNG Export Market Economics
An article in the Oil & Gas Financial Journal examines the market for Canadian LNG exports and concludes that successful development of Canadian gas reserves and a profitable LNG export market will require significant effort and “commercial...