Industry Analysts Say Kitimat and Freeport LNG Export Projects Well-Positioned
Posted on Jun 10, 2011 in Canada & Mexico, Financing, LNG Exports, Markets and Competition | Comments Off on Industry Analysts Say Kitimat and Freeport LNG Export Projects Well-Positioned
North American natural gas industry analysts told Platts LNG Daily [subscription required] that they do not believe that more than three or four North American LNG export projects will be completed, citing financing challenges, market conditions, and competition from other global players like Australia. Several analysts noted that the Kitimat and Freeport LNG export projects currently...
Asian Utilities Considering Equity Interests in Kitimat LNG
Posted on Jun 9, 2011 in Canada & Mexico, Financing, LNG Exports | Comments Off on Asian Utilities Considering Equity Interests in Kitimat LNG
An Apache Corp. official said this week that major utilities in Asia are considering purchasing equity stakes in the Kitimat LNG export project planned for British Columbia. Read more in Upstream Online. Separately, the Canadian National Energy Board has convened a series of public hearings on the Kitimat LNG project. An audio webcast of the hearings is available...
Industry Sees Positive Outlook for Canadian LNG Exports
Posted on Jun 9, 2011 in Canada & Mexico, LNG Exports | Comments Off on Industry Sees Positive Outlook for Canadian LNG Exports
Speaking at a conference in Calgary this week, several energy industry officials offered positive outlooks for Canadian LNG export proposals. The Calgary Herald provides additional...
Apache May Conclude Negotiations This Year to Sell 85% of Kitimat LNG Production
Posted on Jun 7, 2011 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Apache May Conclude Negotiations This Year to Sell 85% of Kitimat LNG Production
An official for Apache Corp. speaking in Kuala Lumpur this week said that his company may conclude negotiations this year to sell up to 85% of the LNG produced at the Kitimat LNG facility currently under development in British Columbia, Canada. Bloomberg provides additional coverage. Separately, Platts LNG Daily [subscription required] reports that the same company official said that...
Petronas Invests in Canadian Shale Play as It Considers LNG Exports
Posted on Jun 3, 2011 in Canada & Mexico, E&P, LNG Exports | Comments Off on Petronas Invests in Canadian Shale Play as It Considers LNG Exports
Petronas has secured a 50% stake in three shale gas fields in British Columbia, partnering with Canadian company Progress Energy Resources Corp. Bloomberg reports that under the terms of the agreement, Petronas would more than double its initial investment should the companies decide to construct an LNG export project on the Canadian west coast. Petronas would own 80% of the LNG export...
Vopak, Enagas Buy Altamira LNG Terminal
Posted on Jun 3, 2011 in Canada & Mexico, Financing, Regas Terminals & Capacity | Comments Off on Vopak, Enagas Buy Altamira LNG Terminal
Yesterday, Vopak and Enagas announced their purchase of the Altamira LNG import terminal in Mexico. Vopak will take a 60% stake while Enagas will own the remaining 40% of the terminal, which was previously owned by Shell, Total, and Mitsui. Vopak’s press release provides additional...