Jordan Cove LNG On Track for FID in 2011
Posted on May 7, 2010 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Jordan Cove LNG On Track for FID in 2011
ICIS Heren [subscription required] reports that Jordan Cove LNG is on pace to make its final investment decision in June of 2011. A company official said that the project timeline was not affected by the announcement that the Ruby natural gas pipeline, designed to transport gas from Wyoming to markets in Oregon, would go...
Bradwood Landing LNG Project Developer Files for Bankruptcy
Posted on May 6, 2010 in Financing, Regas Terminals & Capacity | Comments Off on Bradwood Landing LNG Project Developer Files for Bankruptcy
The developer of the Bradwood Landing LNG import project, NorthernStar Natural Gas Co., filed for Chapter 7 bankruptcy earlier this week. The Longview Daily News reports that the company has suspended its efforts to develop the LNG regasification...
El Paso Corp. Sells 51% Interest in Southern LNG, Elba Express Pipeline to El Paso Pipeline Partners
Posted on Mar 29, 2010 in Financing, Pipelines, Regas Terminals & Capacity | Comments Off on El Paso Corp. Sells 51% Interest in Southern LNG, Elba Express Pipeline to El Paso Pipeline Partners
Last week El Paso Pipeline Partners LP announced that it plans to take a 51% interest in Southern LNG Company LLC and El Paso Elba Express Co. LLC from El Paso Corp. for a purchase price of $810 million. This announcement follows a comment made earlier this month by an El Paso Corp. executive, who said that the company was considering selling the Elba Island LNG terminal and the...
Environmental Groups Threaten Lawsuit Over U.S. Ex-Im Bank’s Financing of PNG LNG Project
Posted on Mar 12, 2010 in Environmental, Federal Regulation, Financing, Liquefaction, Policy, Legislation and Politics | Comments Off on Environmental Groups Threaten Lawsuit Over U.S. Ex-Im Bank’s Financing of PNG LNG Project
Yesterday the Center for Biological Diversity and other environmental groups notified the Export-Import Bank of the United States that the groups believe that the bank’s financing agreement for the Papua New Guinea LNG liquefaction project is in violation of the U.S. Endangered Species Act (ESA), and will file suit against the Bank if it does not correct its alleged errors....
European LNG Headlines
Posted on Mar 4, 2010 in Financing, Regas Terminals & Capacity | Comments Off on European LNG Headlines
Europe to Favor LNG over Shale Plays: Analysts (Platts LNG Daily) [Subscription required] Poland Arranges Financing for LNG Import Terminal (Business Week)
Freeport-McMoRan Faces Challenging Market for Financing Main Pass Energy Project
Posted on Nov 16, 2009 in Financing, Regas Terminals & Capacity | Comments Off on Freeport-McMoRan Faces Challenging Market for Financing Main Pass Energy Project
A piece in the New Orleans City Business reports that Freeport-McMoRan remains interested in developing its Main Pass LNG import and natural gas storage project despite challenging financial market conditions that make construction of the project unlikely in the near...