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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

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...

DOE Resets Jordan Cove LNG Export Start Date

The U.S. Department of Energy (DOE) has issued an order granting Jordan Cove Energy Project’s (JCEP) request to amend its existing authority to export LNG to nations with a Free Trade Agreement with the United States from its proposed LNG terminal at Coos Bay, Ore.  The order resets the date by which LNG exports must commence from December 7, 2021 to July 20, 2028, and lowers the...

Reuters: Trump Statement that Europe to Become Massive Buyer of U.S. LNG May Not Pan Out

Reuters reports that contrary to recent statements by European Commission President Jean-Claude Juncker that the EU would build more terminals to handle America’s LNG, and by President Trump that Europe would be a massive buyer of U.S. LNG, the reality is that “three-quarters of Europe’s existing import facilities lie empty while demand for U.S. LNG on the continent remains limited. ...

DOE Releases Rule to Expedite Small-Scale Gas Exports

The Hill reports that today the U.S. Department of Energy (DOE) released a final rule under which DOE “will automatically approve gas export applications if they would be at or below 51.75 billion cubic feet of exports per year and do not rise to the level of requiring an environmental review.” The rule also covers LNG...

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...

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