Gov. of Alaska Reveals Details of Gasline Inducement Act
Posted on Mar 2, 2007 in Financing, Pipelines, State and Local Issues | Comments Off on Gov. of Alaska Reveals Details of Gasline Inducement Act
At a Washington, DC, news conference, Governor Sarah Palin revealed details of the Alaska Gasline Inducement Act, which she plans to submit to the state legislature today. If passed, the bill would provide up to $500 million in financial incentives to the pipeline’s developer. The pipeline is expected to transport North Slope natural gas to a proposed liquefaction facility in...
Passamaquoddy Tribe Claims Quoddy Bay LNG Owes $500k
Posted on Feb 8, 2007 in Financing, Regas Terminals & Capacity, State and Local Issues | Comments Off on Passamaquoddy Tribe Claims Quoddy Bay LNG Owes $500k
Passamaquoddy Chief Rick Doyle interprets the Tribe’s land-lease agreement with Quoddy Bay LNG, developer of a regas terminal at Pleasant Point, Maine, such that the company should have started making quarterly payments in December 2005. Quoddy Bay LNG Project Manager Brian Smith agreed Tuesday that they owe the tribe money, but maintained that payment is not due until the Tribe...
Newspaper Highlights Issues Surrounding Bradwood Landing Proposal
Posted on Feb 5, 2007 in Environmental, Federal Regulation, Financing, Markets and Competition, Pipelines, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on Newspaper Highlights Issues Surrounding Bradwood Landing Proposal
Saturday’s edition of The Daily News (Longview, Wash.) features background information regarding the proposed Bradwood Landing LNG terminal in Oregon. Among the issues addressed in Q&A format are the potential impacts that the proposed facility may have on public safety, the environment, and residential properties. The data is gleaned from documents submitted by federal...
New Non-Profit to Allocate Mitigation Funds for Massachusetts LNG Terminals
Posted on Jan 12, 2007 in Financing, Marine Regulation, State and Local Issues | Comments Off on New Non-Profit to Allocate Mitigation Funds for Massachusetts LNG Terminals
If the proposed Northeast Gateway and Neptune LNG terminals off the coast of Massachusetts are built, two Gloucester-based organizations, the Gloucester Fishermen’s Association and the Northeast Seafood Coalition, would help create a non-profit to oversee distribution of $12.6 million of the $47 million package paid by the energy companies to mitigate any effects that the...
Former Calpine Official Eager to Begin FERC Review Process for Skipanon Project
Posted on Jan 8, 2007 in Financing, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Former Calpine Official Eager to Begin FERC Review Process for Skipanon Project
Former Calpine Corp. liquefied natural gas project developer Peter Hansen, the incoming CEO of the Leucadia subsidiary developing Skipanon LNG, has expressed optimism that the proposed project will soon enter FERC’s pre-filing process following the purchase of a land lease that will be used to build the terminal. “Now we can focus on permitting instead of focusing on the...
Jamaica Secures Funding from EU for Proposed Floating LNG Platform
Posted on Dec 8, 2006 in Financing, LNGLawBlog, Regas Terminals & Capacity | Comments Off on Jamaica Secures Funding from EU for Proposed Floating LNG Platform
The European Union’s European Investment Bank agreed to help finance a floating LNG platform proposed for Port Esquivel in Jamaica, according to Jamaica’s foreign affairs minister. Project proponents hope that the platform, which would take 18 months to construct, will encourage industrial growth in the area and decrease electricity generation costs. The Jamaica Gleaner has...