FERC Relies on Marketplace to Determine Which LNG Projects Get Built
Posted on Apr 22, 2013 in Federal Regulation, Markets and Competition | Comments Off on FERC Relies on Marketplace to Determine Which LNG Projects Get Built
Platts LNG Daily [subscription required] reports that FERC Commissioner Philip Moeller recently explained that in reviewing LNG export terminal applications, FERC does not consider the likelihood of success for a project but allows the marketplace to determine which projects get built. Moeller added that FERC does not consider LNG export policy issues either, as those are considered by...
Article Examines LNG Export Terminal Financing Arrangements
Posted on Apr 22, 2013 in Financing, LNG Exports | Comments Off on Article Examines LNG Export Terminal Financing Arrangements
An official with the Office of the Federal Coordinator for Alaska Natural Gas Transportation Projects writes in the Alaska Dispatch regarding how various LNG export terminals were financed and options for Alaska LNG terminal...
Sabine Pass LNG Submits Construction Progress Report
Posted on Apr 19, 2013 in Federal Regulation, LNG Exports | Comments Off on Sabine Pass LNG Submits Construction Progress Report
Sabine Pass LNG (“Sabine”) has submitted its March 2013 status report to the FERC regarding construction of Sabine’s LNG export terminal in Cameron Parish, La. The report states that engineering on the project is 51.9% complete, procurement is 43.7% complete, and overall project completion stands at 26.4%. On an overall basis, the project schedule is ahead of the...
DOE Official Predicts Action on LNG Export Applications Soon
Posted on Apr 19, 2013 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on DOE Official Predicts Action on LNG Export Applications Soon
The Hill reports that U.S. Department of Energy Deputy Secretary Daniel Poneman testified before the Senate Energy and Natural Resources Committee yesterday that DOE is reviewing pending LNG export applications, and that DOE would be in a position to start making decisions on those applications “very...
Excelerate Energy Files FERC Application for Aguirre Offshore GasPort Project
Posted on Apr 18, 2013 in Federal Regulation | Comments Off on Excelerate Energy Files FERC Application for Aguirre Offshore GasPort Project
A subsidiary of Excelerate Energy L.P. filed an application with FERC to construct and operate an LNG import terminal and 4.1-mile subsea interconnecting pipeline in Salinas, along the southern shore of Puerto Rico. The project will also include a non-FERC jurisdictional floating storage and regasification unit. The project will provide up to 3.2 Bcf of LNG storage capacity...