Woodside Petroleum Backs Out of Port Arthur LNG Project
Posted on Jul 19, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on Woodside Petroleum Backs Out of Port Arthur LNG Project
Bloomberg reports that Woodside Petroleum Ltd. has announced that it will not participate in the development of Sempra Energy’s proposed Port Arthur LNG liquefaction facility and export terminal in Port Arthur, Texas. Woodside Chief Executive Officer Peter Coleman is quoted as saying, “[i]t got to a point where it got below our investment returns and we said we need to put our money...
FERC Streamlining LNG Facility Permitting Process
Posted on Jul 19, 2018 in Federal Regulation, Liquefaction, LNG Exports, Policy, Legislation and Politics | Comments Off on FERC Streamlining LNG Facility Permitting Process
On July 17, 2018, FERC Chairman Kevin McIntyre issued a press release stating that in the last few days FERC has “made truly significant strides in reforming the [LNG facility] permitting process with our federal partners, eliminating duplicative efforts and instituting a streamlined procedure that will significantly reduce our LNG permitting timelines.” McIntyre added that “we expect...
Correction – Galveston Bay LNG Receives DOE FTA-Only Export Authority
Posted on Jul 17, 2018 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Correction – Galveston Bay LNG Receives DOE FTA-Only Export Authority
On July 10, 2018, LNG Law Blog reported that the U.S. Department of Energy (DOE) had issued an order authorizing Galveston Bay LNG, LLC to export up to 785.5 Bcf/year (2.15 Bcf/day) of domestically produced LNG over 20 years by vessel to both nations with and without a Free Trade Agreement (FTA) with the United States. The order authorizes Galveston Bay LNG to export the LNG only to...
CCL Requests Authorization to Construct Stage 3 LNG Facilities
Posted on Jul 12, 2018 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on CCL Requests Authorization to Construct Stage 3 LNG Facilities
Corpus Christi Liquefaction Stage III, LLC (CCL) has filed an application with FERC for authorization to site, construct, and operate an expansion of the Corpus Christi Liquefaction Project currently under construction at Corpus Christi, Texas. The proposed Stage 3 expansion project would add seven midscale liquefaction trains, one LNG storage tank, and an additional interconnected...
Cheniere Energy Signs HOA with CPC Corporation, Taiwan
Posted on Jul 10, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere Energy Signs HOA with CPC Corporation, Taiwan
CPC Corporation, Taiwan (CPC) announced that on June 20, 2018, it signed a Heads of Agreement (HOA) with Cheniere Energy, Inc. (Cheniere) for a 25-year LNG sales and purchase collaboration. According to the press release, “the agreement would strengthen CPC’s cooperation with Cheniere with regards to its development of LNG liquefaction and export projects in North...
Trafigura Signs 3-Year Purchase Contract for Freeport LNG Volumes
Posted on Jun 26, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Trafigura Signs 3-Year Purchase Contract for Freeport LNG Volumes
Freeport LNG Marketing, LLC, has announced that it has entered into a binding mid-term sales and purchase agreement with Trafigura Pte Ltd (Trafigura) under which Trafigura will purchase 0.5 million tonnes of LNG annually over three years, beginning July 1, 2020, from the Freeport LNG export terminal under construction on Quintana Island near Freeport,...