IEA Report Estimates Canadian LNG Supplies Will Be Among the Most Expensive
Posted on Nov 13, 2014 in Canada & Mexico, Markets and Competition | Comments Off on IEA Report Estimates Canadian LNG Supplies Will Be Among the Most Expensive
The Financial Post reports that a new International Energy Agency study predicts that LNG supplies from Canada will be among the most expensive in the world, second to Australia LNG...
Pemex Seeks Partners for Proposed West Coast LNG Export Terminal
Posted on Nov 10, 2014 in Canada & Mexico, Financing, LNG Exports | Comments Off on Pemex Seeks Partners for Proposed West Coast LNG Export Terminal
The Wall Street Journal [subscription required] reports that Mexican state-owned oil company Pemex has announced that it is seeking financial partners to develop an LNG export terminal on Mexico’s west coast to export gas produced from the Gulf of...
LNG Canada Submits Kitimat Terminal Proposal for Environmental Review
Posted on Nov 7, 2014 in Canada & Mexico, Environmental, LNG Exports | Comments Off on LNG Canada Submits Kitimat Terminal Proposal for Environmental Review
The British Columbia B.C. Environmental Assessment Office (EAO) has accepted LNG Canada’s application for an environmental assessment certificate for its proposed LNG export terminal at Kitimat, B.C. According to the press release, the application now begins a 180-day application review phase, after which the EAO will refer its report and recommendations to the Minister of Environment...
BC Hydro Announces Rates for Service to LNG Facilities; Signs Electricity Supply Agreement with LNG Canada
Posted on Nov 5, 2014 in Canada & Mexico, LNG Exports | Comments Off on BC Hydro Announces Rates for Service to LNG Facilities; Signs Electricity Supply Agreement with LNG Canada
BC Hydro announced that its rates for electricity service to LNG facilities for 2014 have been set at a combined energy and demand charge of $83.02 per MWh, before taxes. This new charge is an increase from the average rate of $54.34/MWh (before taxes) paid in 2014 by other industrial customers in British Columbia. LNG customers also will also be required to contribute the full cost...
Bear Head LNG Proposes to Double LNG Export Capacity
Posted on Nov 3, 2014 in Canada & Mexico, LNG Exports | Comments Off on Bear Head LNG Proposes to Double LNG Export Capacity
Bear Head LNG, a subsidiary of Liquefied Natural Gas Limited, announced that it proposes to double the production capacity of its proposed liquefaction and LNG export terminal in Nova Scotia from 4 to 8 million tonnes per annum. According to the press release, “Bear Head LNG is targeting a higher rate of production capacity based on market response and gas supply projections.” A...
BG Group to Delay Proposed B.C. Prince Rupert LNG Terminal
Posted on Oct 29, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on BG Group to Delay Proposed B.C. Prince Rupert LNG Terminal
An article in the Financial Post, citing a report in The Wall Street Journal [subscription required], states that BG Group Plc is likely to delay its proposed LNG export terminal at Prince Rupert, British Columbia (B.C.) to provide time to assess the market once U.S. LNG supplies come on-line. The article quotes BG Canada President Madeline Whitaker as stating “We’d always said...