Japanese Concerned With Further Delays On B.C. LNG Tax Details
Posted on Feb 21, 2014 in Canada & Mexico, LNG Exports | Comments Off on Japanese Concerned With Further Delays On B.C. LNG Tax Details
The Globe and Mail reports that Keisuke Tsujimoto, the Vancouver-based manager for the Japan Oil, Gas and Metals National Corp., a branch of Japan’s energy ministry, has expressed concerns with the British Columbia (B.C.) Government’s plans to develop an LNG industry. Mr. Tsujimoto’s reservations arise from the announcement that while enough information on the proposed LNG tax should...
Canadian National Energy Board Approves Jordan Cove LNG Gas Export License
Posted on Feb 21, 2014 in Canada & Mexico, LNG Exports | Comments Off on Canadian National Energy Board Approves Jordan Cove LNG Gas Export License
Yesterday, the National Energy Board of Canada issued an order approving Jordan Cove LNG L.P.’s application to export 1.55 Bcf/day of natural gas over 25 years from Canada into the United States. The gas volumes would be transported via existing pipelines that cross the Canada/United States border near Kingsgate and Huntingdon, British Columbia. Jordan Cove LNG ultimately intends to...
Article Discusses How Oregon LNG Terminals May Be Quicker Alternative for Canadian Gas Exports
Posted on Feb 20, 2014 in Canada & Mexico, LNG Exports | Comments Off on Article Discusses How Oregon LNG Terminals May Be Quicker Alternative for Canadian Gas Exports
An article in Financial Post discusses how the proposed Oregon LNG and Jordan Cove Energy Project LNG terminals in Oregon may provide a quicker alternative for Canadian gas to reach Asian markets than LNG exports from proposed British Columbia LNG export terminals. According to the article, if approved, exports of Canadian gas-sourced LNG from the Jordan Cove project could begin in...
Shell Concerned With Proposed B.C. LNG Tax Rate
Posted on Feb 20, 2014 in Canada & Mexico, LNG Exports, Policy, Legislation and Politics | Comments Off on Shell Concerned With Proposed B.C. LNG Tax Rate
Financial Post reports that a spokesman for Royal Dutch Shell, a sponsor of LNG Canada’s proposed LNG terminal at Kitimat, British Columbia (B.C.), responded to the recently proposed B.C. LNG tax proposal by stating that his company has “been clear that the rate needs to be globally competitive if B.C. is to build an LNG industry, and we’re concerned the top end of the range won’t...
B.C. Government Releases LNG Tax Proposal
Posted on Feb 19, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on B.C. Government Releases LNG Tax Proposal
The Globe and Mail reports that the British Columbia (B.C.) government released its proposed budget yesterday, which includes an initial tax rate of 1.5% on net income from LNG export terminals. According to the report, the tax rate will increase to as high as 7% once companies recover the capital costs of building the terminals. The article states that some independent consultants...
LNG Canada Obtains Option on Land for Kitimat LNG Terminal
Posted on Feb 12, 2014 in Canada & Mexico, LNG Exports | Comments Off on LNG Canada Obtains Option on Land for Kitimat LNG Terminal
The Globe and Mail reports that LNG Canada, a joint venture of Shell Canada Energy, Phoenix Energy Holdings Ltd., Kogas Canada LNG Ltd. and Diamond LNG Canada Ltd., has entered into an agreement with Rio Tinto Group to lease or purchase a wharf and land at Kitimat, British Columbia, the site for LNG Canada’s proposed LNG export...