Repsol’s Canaport LNG Terminal Conversion to Exports Put on Hold
Posted on Mar 17, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Repsol’s Canaport LNG Terminal Conversion to Exports Put on Hold
CBC News reports that Repsol has put on hold its proposal to convert the Canaport LNG import terminal in New Brunswick, Canada into an export terminal. The company attributed the decision to its inability to find outside investors and current market conditions, which make the conversion uneconomical. ...
FERC Denies Jordan Cove Energy Project’s Application to Construct LNG Export Terminal
Posted on Mar 11, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on FERC Denies Jordan Cove Energy Project’s Application to Construct LNG Export Terminal
Today, FERC issued an order denying Jordan Cove Energy Project’s application to construct an LNG export terminal at Coos Bay, Ore. and Pacific Connector Gas Pipeline’s application to construct an interconnected pipeline. Regarding the interconnected pipeline, FERC found that “Pacific Connector has presented little or no evidence of need” for the pipeline, stating that “Pacific...
Veresen Still Looking for First Customer for Jordan Cove LNG Export Terminal
Posted on Mar 11, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Veresen Still Looking for First Customer for Jordan Cove LNG Export Terminal
Financial Post reports that executives from Veresen Inc., sponsor of the proposed Jordan Cove Energy Project LNG export terminal at Coos Bay, Ore., recently stated that the company is still looking to sign up its first customer for the LNG supplies to be produced and exported at the...
Coalition of Scientists Urge Rejection of Pacific Northwest LNG Draft Environmental Assessment
Posted on Mar 9, 2016 in Canada & Mexico, Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on Coalition of Scientists Urge Rejection of Pacific Northwest LNG Draft Environmental Assessment
The Globe and Mail reports that more than 130 scientists have signed a letter to Canadian Environment Minister Catherine McKenna requesting that she reject a “scientifically flawed” draft environmental assessment for the proposed Pacific NorthWest LNG export terminal near Lelu Island, British Columbia. According to the article, the draft assessment found that the LNG export terminal...
Petronas Releases Statement on Pacific NorthWest LNG Export Project
Posted on Mar 9, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Petronas Releases Statement on Pacific NorthWest LNG Export Project
Malaysian state oil company Petronas, primary sponsor of the proposed Pacific NorthWest LNG export terminal in British Columbia, issued a press release stating that it “is proactively taking steps to mature the project towards its Final Investment Decision” and, once a federal environmental assessment report is completed, it will review the report’s findings and the LNG market outlook...
Report: Planned U.S. LNG Export Terminals Face Market Uncertainty
Posted on Mar 7, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Report: Planned U.S. LNG Export Terminals Face Market Uncertainty
The U.S. Department of Energy, Energy Information Administration, has released a brief overview of the status of U.S. LNG export terminals. The report notes that “[m]arket conditions have changed since many LNG export projects in the United States were initially proposed[,]” and planned terminals “face not only increased competition from other domestic and foreign terminals that have...