Mexico Looks to Trinidad for LNG Supply
Posted on Jul 12, 2006 in Canada & Mexico, Liquefaction, Regas Terminals & Capacity | Comments Off on Mexico Looks to Trinidad for LNG Supply
Mexico may compete for additional LNG supply from Trinidad and Tobago if the latter develops a fifth liquefaction plant, according to a Dow Jones report. Trinidad and Tobago Energy Minister Lenny Saith is meeting with Mexican energy officials during a two-day visit to discuss collaborative energy initiatives. His Mexican counterpart Fernando Canales said LNG development projects, such...
Nova Scotia Energy Minister to Discuss Bear Head LNG Project With U.S. Venture Energy
Posted on Jul 12, 2006 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Nova Scotia Energy Minister to Discuss Bear Head LNG Project With U.S. Venture Energy
Nova Scotia Energy Minister Bill Dooks yesterday said that he plans to meet soon with representatives from U.S. Venture Energy, a private investment firm that has agreed to purchase the Bear Head LNG project from Anadarko Petroleum. However, additional information about the group will not be revealed until “they finish climbing through all the documentation,” according to...
Repsol to Enter Downstream Operations Through Canaport LNG Terminal
Posted on Jul 12, 2006 in Blog, Canada & Mexico, Liquefaction, LNGLawBlog, Regas Terminals & Capacity | Comments Off on Repsol to Enter Downstream Operations Through Canaport LNG Terminal
World Gas Intelligence reports on Repsol’s plans to participate in all facets of the LNG value chain. While the Spanish energy company initially focused its LNG business on the upstream supply and liquefaction side, it is developing its regasification presence through the Canaport LNG terminal in New Brunswick, Canada. Phil Ribbeck, Repsol’s director of North American...
Anadarko to Sell Bear Head LNG Project
Posted on Jul 10, 2006 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Anadarko to Sell Bear Head LNG Project
Anadarko Petroleum Corp. today announced that it will sell its Bear Head LNG project in Nova Scotia to U.S. Venture Energy for $125 million, but has retained an 18-month option to secure up to 350 MMcf/d of capacity at “competitive” rates. “With the sale, we are recovering our investment and a reasonable premium, while retaining the ability to supply LNG to the...
Kitimat LNG Seeks Supply and Shipping Contracts
Posted on Jul 7, 2006 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Kitimat LNG Seeks Supply and Shipping Contracts
Kitimat LNG last week hosted representatives from international energy companies at a meeting to gauge interest in supply and shipping contracts for its proposed LNG terminal in British Columbia. According to Kitimat LNG president Rosemary Boulton, the company is attempting to stay ahead of competing proposals in the United States by soliciting partnerships with prospective suppliers...
Tidelands Receives Permits from Mexican Authorities
Posted on Jul 3, 2006 in Canada & Mexico, Federal Regulation, Financing, Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Tidelands Receives Permits from Mexican Authorities
The San Antonio Business Journal reports that Tidelands Oil & Gas Corp. earlier this month secured permits from Mexican federal regulatory authorities for its three-phase natural gas project, which includes an LNG terminal, underground storage facility, and accompanying pipelines in northeastern Mexico. The company hopes to obtain the remaining permits from FERC for the U.S....