Bradwood Landing LNG Developer Announces Successful Financing Round
Posted on Jun 16, 2009 in Financing, Regas Terminals & Capacity | Comments Off on Bradwood Landing LNG Developer Announces Successful Financing Round
Joe Desmond of NorthernStar Natural Gas, the developer behind the Bradwood Landing LNG import terminal, told The Daily News (Longview, Wash.) that NorthernStar recently raised “in the multiple tens of millions” in new financing for the planned LNG terminal. Desmond also stated that he is confident NorthernStar can raise the additional capital needed to complete the...
Canadian Superior Energy Seeks Protection from Creditors
Posted on Mar 6, 2009 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Canadian Superior Energy Seeks Protection from Creditors
Reuters reports that Canadian Superior Energy Inc., developer of the Liberty LNG deepwater port project proposed for offshore New Jersey, has sought protection from its creditors in a Calgary, Canada, court. According to Reuters, the company will release further details after the court decides on their request. This past summer, Canadian Superior announced a substantial gas find...
International Bodies Pledge Loans for Panama Canal Expansion
Posted on Dec 11, 2008 in Financing, Markets and Competition, Vessel Transportation | Comments Off on International Bodies Pledge Loans for Panama Canal Expansion
According to Platts LNG Daily, five international bodies, including a wing of the World Bank, have pledged $2.3 billion in loans, about half of the estimated amount needed, for the proposed Panama Canal expansion. The expansion would allow standard-sized LNG vessels to pass through the canal by 2014, significantly shortening the trading routes for cargoes between...
Siemens Purchases Stake in TORP Terminal, L.P.
Posted on Dec 11, 2008 in Financing, Regas Terminals & Capacity | Comments Off on Siemens Purchases Stake in TORP Terminal, L.P.
Reuters reports that a U.S. unit of Siemens Financial Services has purchased a 30% equity position in TORP Terminal, L.P., the developer of the Bienville LNG deepwater port.
Grassy Point LNG Transshipment Terminal to Move Forward Despite Economic Crisis
Posted on Nov 4, 2008 in Canada & Mexico, Financing, Storage | Comments Off on Grassy Point LNG Transshipment Terminal to Move Forward Despite Economic Crisis
The LNG transshipment facility slated for construction in Grassy Point, Newfoundland, will proceed as scheduled despite uncertainty in the global market, a company spokesperson recently said. Ocean Resources Online has more...
Trinidad and Tobago Contemplates Expanded Role in LNG Industry
Posted on Nov 3, 2008 in Financing, Regas Terminals & Capacity | Comments Off on Trinidad and Tobago Contemplates Expanded Role in LNG Industry
According to Trinidad and Tobago’s energy minister, Conrad Enill, the government is exploring investment opportunities to expand the country’s role in the LNG industry. Specifically, the Trinidadian government is considering investments involving the shipping or regasification of LNG. Mr. Enill said that a fifth LNG train, Train X, would be needed in order for the...