Maine-New Brunswick Energy Corridor Delayed
Posted on Jun 17, 2009 in Canada & Mexico, Policy, Legislation and Politics, State and Local Issues | Comments Off on Maine-New Brunswick Energy Corridor Delayed
Platts LNG Daily reports that Maine Governor John Baldacci (D) signed an energy bill that potentially delays development of an energy corridor between Maine and New Brunswick. [Subscription...
Newfoundland LNG Project on Hold
Posted on Jun 16, 2009 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Newfoundland LNG Project on Hold
Citing global economic conditions, Newfoundland LNG Ltd. President Mark Turner announced last week that his company’s proposed LNG import terminal is on hold. According to The Charter (Newfoundland), Turner said that the company is exploring options to keep the project...
Downeast LNG President Argues that LNG Traffic Through Canadian Waters Is “Innocent Passage”
Posted on Jun 8, 2009 in Canada & Mexico, Regas Terminals & Capacity, Vessel Transportation | Comments Off on Downeast LNG President Argues that LNG Traffic Through Canadian Waters Is “Innocent Passage”
Downeast LNG President Dean Girdis told the Telegraph-Journal that he believes that LNG vessels destined for U.S.-based regasification terminals eventually will be able to transit Canadian waters in Head Harbour Passage under the doctrine of “innocent passage.” However, the Canadian government has argued that the waterway in question is Canadian territorial waters and that...
Kitimat LNG Continues Discussions with LNG Buyers, Suppliers
Posted on Jun 3, 2009 in Canada & Mexico, Liquefaction, Markets and Competition | Comments Off on Kitimat LNG Continues Discussions with LNG Buyers, Suppliers
The Calgary Herald provides details on Kitimat LNG’s memorandum of understanding to supply output from the facility to KOGAS and a similar tentative deal signed earlier this year with Mitsubishi. Rosemary Boulton, president of Kitimat LNG, said that Canadian gas producers also have shown interest in the project and supply deals are expected...
KOGAS Signs MOU with Kitimat LNG for 40 Percent of LNG Production
Posted on Jun 2, 2009 in Canada & Mexico, Liquefaction, Markets and Competition | Comments Off on KOGAS Signs MOU with Kitimat LNG for 40 Percent of LNG Production
Yesterday Kitimat LNG announced that it has signed a Memorandum of Understanding with Korea Gas Corporation (KOGAS). Under the terms of the agreement, KOGAS will acquire 40% of the LNG produced at the planned Kitimat LNG liquefaction facility (estimated at 2 million tons annually) over a 20 year period. The agreement also provides an option for KOGAS to acquire an equity stake in the...
Repsol North America President Confident Canaport LNG Terminal Will Attract LNG Deliveries
Posted on Jun 2, 2009 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Repsol North America President Confident Canaport LNG Terminal Will Attract LNG Deliveries
Phil Ribbeck, president of Repsol North America, told the Reuters Energy Summit that he is confident that the Canaport LNG import terminal located in St. John, New Brunswick, will attract LNG cargos this year. Ribbeck said that he expected an initial cool-down cargo to arrive at Canaport LNG this month before commencing commercial operations in July. Reuters provides additional...