BG Official Predicts LNG Contracts Will Continue to be Based on Oil Prices
Posted on Oct 10, 2012 in Markets and Competition | Comments Off on BG Official Predicts LNG Contracts Will Continue to be Based on Oil Prices
BG Group Chief Executive Frank Chapman said at a gas conference earlier this week that LNG contracts will continue to be based on oil prices for at least the next few decades, despite recent efforts of Asian LNG importing nations to change to gas-indexed LNG pricing. Read more in the Reuters...
Sabine Pass Files to Modify LNG Export Terminal Facilities
Posted on Oct 9, 2012 in Federal Regulation, LNG Exports | Comments Off on Sabine Pass Files to Modify LNG Export Terminal Facilities
Sabine Pass Liquefaction, LLC, filed an application at FERC for certain modifications (“Modification Project”) to enhance the operation and reliability and facilitate the construction of the Sabine Pass Liquefaction Project currently under construction at the existing Sabine Pass LNG Terminal in Cameron Parish, La. The modifications include: (1) construction and operation...
Murkowski Calls for Financial Ground Rules for Alaskan LNG Project
Posted on Oct 5, 2012 in LNG Exports, State and Local Issues | Comments Off on Murkowski Calls for Financial Ground Rules for Alaskan LNG Project
Responding to the Alaskan North Slope Pipeline/LNG Terminal project update provided recently to Alaska Governor Sean Parnell, Alaska Senator Lisa Murkowski said, “Given the size and scope of this project, it’s vital that state leaders hammer out an agreement on the financial ground rules that will govern gas sales in the future.” Read more in Senator Murkowski’s press...
Golden Pass Products Receives DOE LNG Export Authority
Posted on Oct 5, 2012 in Federal Regulation, LNG Exports | Comments Off on Golden Pass Products Receives DOE LNG Export Authority
Golden Pass Products, LLC announced that it has received authorization from the U.S. Department of Energy to export domestically produced LNG from the Golden Pass LNG facility in Sabine Pass, Texas, to nations that have existing Free Trade Agreements with the United States. Golden Pass has proposed an expansion to its existing LNG facility to add liquefaction and export capabilities....
North Slope Pipeline and LNG Export Terminal Project Could Cost Over $65 Billion
Posted on Oct 4, 2012 in LNG Exports, Pipelines, State and Local Issues | Comments Off on North Slope Pipeline and LNG Export Terminal Project Could Cost Over $65 Billion
In a letter to Alaska Governor Sean Parnell, ExxonMobil Production Company, ConocoPhillips Alaska, Inc., BP Exploration Alaska and TransCanada Corp. projected that it could cost over $65 billion and take ten years to construct a pipeline and LNG terminal facilities to carry natural gas from Alaska’s North Slope to a proposed LNG export terminal on Alaska’s southcentral...