Magnolia LNG and Meridian LNG Sign Capacity Agreement
Posted on Jul 23, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG and Meridian LNG Sign Capacity Agreement
Magnolia LNG, LLC announced that it has signed a liquefaction tolling agreement (LTA) with Meridian LNG Holdings Corp (Meridian LNG) for firm capacity rights for up to 2 million tonnes per annum at Magnolia LNG’s proposed liquefaction and LNG export terminal at Lake Charles, La. Under the LTA, Magnolia will provide liquefaction services to Meridian LNG for monthly capacity payments. ...
B.C. Passes Legislation Allowing LNG Project Agreements
Posted on Jul 22, 2015 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on B.C. Passes Legislation Allowing LNG Project Agreements
Yesterday, the British Columbia (B.C.) legislature passed Bill 30, the Liquefied Natural Gas Project Agreements Act, which provides legislative authority for the B.C. government to enter into LNG project agreements. The act has also received Royal Assent. Bill 30 allows for the ratification of B.C.’s first LNG project agreement with Pacific NorthWest LNG (PNWLNG) for the development...
G2 LNG LLC Receives DOE FTA Export Authorization
Posted on Jul 21, 2015 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on G2 LNG LLC Receives DOE FTA Export Authorization
The U.S. Department of Energy issued an order authorizing G2 LNG LLC to export by vessel approximately 672 Bcf/year of LNG over a 30-year term from a proposed liquefaction and export terminal along the Calcasieu Ship Channel in Cameron Parish, La., to nations with a Free Trade Agreement (FTA) with the United States. G2 LNG’s application to export LNG to non-FTA nations remains...
Bear Head LNG Receives DOE Approval to Export LNG from Canada to FTA Countries
Posted on Jul 20, 2015 in Canada & Mexico, Federal Regulation, Liquefaction, LNG Exports | Comments Off on Bear Head LNG Receives DOE Approval to Export LNG from Canada to FTA Countries
Bear Head LNG announced that the U.S. Department of Energy (DOE) has granted Bear Head LNG Corporation and Bear Head LNG (USA), LLC authorization (1) to export up to 440 Bcf/year of U.S. natural gas to supply Bear Head LNG’s proposed liquefaction and LNG export terminal on the Strait of Canso, Nova Scotia, and (2) to export up to eight million tonnes per year of LNG from the proposed...
Gail Looking to Swap U.S. LNG Supplies to Save on Transport Costs
Posted on Jul 20, 2015 in Liquefaction, Markets and Competition | Comments Off on Gail Looking to Swap U.S. LNG Supplies to Save on Transport Costs
To save on LNG transportation costs, India’s state-owned gas utility GAIL (India) Limited (GAIL) is looking to “swap” one-third of its U.S. LNG supplies (1-2 million tonnes/year) for LNG supplies that are located closer to India, most likely from the Middle East, East Africa, or the Asia-Pacific region. According to The Times of India report, if approved by GAIL’s Board, GAIL plans to...
Corpus Christi Liquefaction Submits Construction Progress Report
Posted on Jul 20, 2015 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Corpus Christi Liquefaction Submits Construction Progress Report
Corpus Christi Liquefaction has filed a report with FERC covering the progress of construction of its LNG export terminal near Corpus Christi, Texas through June 2015. The report states that engineering has progressed to 66.9% compared to a plan of 65% and procurement has progressed to 20.2% completion against a plan of 12.7%. The total Project has progressed to 15.8% complete against...