Annova LNG Seeks County Tax Breaks For Export Terminal Project
Posted on Apr 30, 2015 in Liquefaction, LNG Exports, State and Local Issues | Comments Off on Annova LNG Seeks County Tax Breaks For Export Terminal Project
The Brownsville Herald reports that Annova LNG (Annova) and the Cameron County Commissioners Court are in negotiations on whether to grant Annova’s request “for a 100-percent property tax abatement from the county as an economic development incentive” for Annova’s construction of a liquefaction and LNG export terminal on the Brownsville ship channel. According to the report, Annova...
Freeport LNG Announces Closing of Third Train Financing
Posted on Apr 28, 2015 in Financing, Liquefaction, LNG Exports | Comments Off on Freeport LNG Announces Closing of Third Train Financing
Today, Freeport LNG Expansion, L.P. (Freeport LNG) announced that its subsidiary, FLNG Liquefaction 3, LLC, successfully closed on debt financing commitments of approximately $4.56 billion in capital required for the construction of the third liquefaction train at Freeport LNG’s export terminal on Quintana Island near Freeport, Texas. With closing on financing, Freeport LNG issued a...
FERC Publishes Updated Summaries of U.S. LNG Terminals
Posted on Apr 28, 2015 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Publishes Updated Summaries of U.S. LNG Terminals
FERC recently posted on its website updated summaries of (i) existing, (ii) proposed, (iii) potential, and (iv) approved U.S. LNG import and export terminals. The summaries can be found here....
Parallax Energy Acquires Louisiana LNG Energy LLC
Posted on Apr 28, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Parallax Energy Acquires Louisiana LNG Energy LLC
The Houston Business Journal reports that Parallax Energy, 100% owner of Live Oak LNG LLC, has acquired Louisiana LNG Energy LLC (LLNGE), proponent of the Mississippi River LNG liquefaction facility and LNG export terminal on the Mississippi River, downstream from the Port of New Orleans. LLNGE’s proposed project is currently in the pre-filing environmental review stage before FERC. ...
FERC Releases Environmental Review Schedule for Floridian Natural Gas LNG Storage Project
Posted on Apr 27, 2015 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Releases Environmental Review Schedule for Floridian Natural Gas LNG Storage Project
FERC has released the schedule for its environmental review of Floridian Natural Gas Storage’s (FNGS) proposed liquefaction and LNG Storage project near Indiantown in Martin County, Fla. FNGS proposes to amend its existing authorizations by changing one 4 Bcf full containment storage tank to a 1 Bcf single containment tank and by reducing the associated vaporization capacity...
Hawaii Gas CEO Supports Bill Limiting LNG to Bridge Fuel
Posted on Apr 27, 2015 in Liquefaction, Policy, Legislation and Politics, State and Local Issues | Comments Off on Hawaii Gas CEO Supports Bill Limiting LNG to Bridge Fuel
The Honolulu Star-Advertiser reports that Hawaii Gas CEO and President Alicia Moy supports House Bill 1286, now pending before Hawaii Governor David Ige, which would “ensure that liquefied natural gas is used only as a cost-effective transitional, limited-term replacement of petroleum for electricity generation and does not impede the development and use of other cost-effective...