Venture Global LNG Announces Additional $160 Million in Funding
Posted on Aug 20, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on Venture Global LNG Announces Additional $160 Million in Funding
Venture Global LNG, Inc. announced that it has raised additional private capital of approximately $160 million, bringing funding to a total of $630 million to support the development of both the proposed 10 million tonnes per annum (MTPA) Calcasieu Pass liquefaction and export terminal on the Gulf of Mexico and the proposed 20 MTPA Plaquemines LNG liquefaction and export terminal on...
Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility
Posted on Aug 20, 2018 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility
Reuters reports that Pieridae Energy, sponsor of the proposed Goldboro LNG terminal in Nova Scotia, is negotiating with Swiss energy company Axpo for a 10-year LNG supply deal. Axpo would buy the LNG from Goldboro’s second train for sales across Europe, with deliveries estimated to begin in the third quarter of...
DOE Releases U.S. LNG Export Data for June 2018
Posted on Aug 15, 2018 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on DOE Releases U.S. LNG Export Data for June 2018
The U.S. Department of Energy (DOE) has released data on U.S. LNG exports covering year to date through June 2018. The data shows the following LNG export shipments from the Dominion Energy Cove Point Terminal in Lusby, Md., which began LNG exporting in March 2018: six shipments to Japan, two each to Jordan and Kuwait, and one each to Argentina, Dominican Republic, Mexico, Pakistan,...
NextDecade Sells $50 Million in Convertible Stock
Posted on Aug 8, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on NextDecade Sells $50 Million in Convertible Stock
NextDecade Corporation (NextDecade) announced that it has agreed to sell $50 million of convertible preferred stock: $35 million worth to HGC NEXT INV, LLC and $15 million worth to funds and accounts managed by each of York Capital Management Global Advisors, LLC and its affiliates, Valinor Management, L.P., and Halcyon Capital Management LP. According to the press release, NextDecade...
FERC and PHMSA to Sign MOU to Expedite LNG Facility Permitting
Posted on Jul 24, 2018 in Federal Regulation, Liquefaction, LNG Exports, Safety & Security | Comments Off on FERC and PHMSA to Sign MOU to Expedite LNG Facility Permitting
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) and FERC announced last week that they “have agreed to develop a Memorandum of Understanding (MOU) that would refine and reduce the permit application review process for proposed LNG facilities. . . . The MOU will clarify each agency’s respective role in the permitting process for...
Elba Island In-Service Date Pushed Back to Q4 2018
Posted on Jul 19, 2018 in Liquefaction, LNG Exports | Comments Off on Elba Island In-Service Date Pushed Back to Q4 2018
Kinder Morgan announced that the initial in-service date for its liquefaction and LNG export terminal at Elba Island, near Savannah, Ga., has been pushed back one quarter to the fourth quarter of 2018. With an anticipated liquefaction capacity of 2.5 million tonnes per year, final units at the facility are expected to come online by the third quarter of 2019. The project is supported...