Dominion Energy Sells 25% Interest in Dominion Cove Point LNG
Posted on Oct 23, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Dominion Energy Sells 25% Interest in Dominion Cove Point LNG
Dominion Energy, Inc. (“Dominion Energy”) announced that it has entered into an agreement with Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc. (“Brookfield”), whereby Dominion Energy will transfer a 25% non-controlling equity interest in Dominion Energy Cove Point LNG, LP (“Cove Point”) to Brookfield in exchange for cash...
Pieridae Energy Acquires Shell Canada Gas Assets to Feed LNG Export Project
Posted on Oct 21, 2019 in Liquefaction, LNG Exports | Comments Off on Pieridae Energy Acquires Shell Canada Gas Assets to Feed LNG Export Project
Pieridae Energy Limited, sponsor of the proposed Goldboro LNG liquefaction and export terminal in Guysborough County, Nova Scotia, announced that it has closed its acquisition of all of Shell Canada Energy’s midstream and upstream assets in the southern Alberta Foothills (the “Assets”) for $190C million. According to the press release, in the first six months of 2019, the Assets...
Tellurian Signs Agreement to Sell LNG to Petronet
Posted on Oct 21, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Tellurian Signs Agreement to Sell LNG to Petronet
The Economic Times reports that Tellurian Inc., sponsor of the proposed Driftwood LNG export terminal (Driftwood) in Calcasieu Parish, La., has signed an initial agreement (memorandum of understanding) to sell LNG to India’s Petronet LNG. According to the report, Tellurian will deliver the LNG to India at a price of $6/MMBtu, “signalling a much lower price than the ceiling for output...
DOE Grants Non-FTA Export Authority to Venture Global Plaquemines LNG
Posted on Oct 21, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on DOE Grants Non-FTA Export Authority to Venture Global Plaquemines LNG
The U.S. Department of Energy (DOE) has issued an order authorizing Venture Global Plaquemines LNG, LLC (Plaquemines LNG) to export U.S.-sourced LNG to nations without a free trade agreement (non-FTA) with the United States. Plaquemines LNG is authorized to export up to 1,240 Bcf/year (3.4 Bcf/day) of LNG equivalent over a 20-year term from the proposed Plaquemines LNG Project in...
DOE Grants Non-FTA Export Authority to Eagle LNG Partners Jacksonville
Posted on Oct 4, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on DOE Grants Non-FTA Export Authority to Eagle LNG Partners Jacksonville
The U.S. Department of Energy (“DOE”) has issued an order authorizing Eagle LNG Partners Jacksonville LLC (“Eagle LNG”) to export domestically produced LNG from its proposed LNG facility at Jacksonville, Fla., to nations without a free trade agreement (non-FTA) with the United States. Eagle LNG is authorized to export 0.14 Bcf/day of natural gas (49.8 Bcf/year or 1.0 million metric...
Elba Island Begins Commercial Operation
Posted on Oct 4, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Elba Island Begins Commercial Operation
Platts reports that the relatively small (nameplate capacity approximately 33 MMcf/day) Elba Island liquefaction and export terminal near Savannah, Ga., has begun commercial operation. According to the report, the Elba Island facility is supported by a 20-year contract with Shell, which will take 100% of the liquefaction capacity of the terminal....