Canadian Federal Government Proposes Accelerated Capital Cost Allowance for LNG Facilities
Posted on Feb 20, 2015 in Canada & Mexico, Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on Canadian Federal Government Proposes Accelerated Capital Cost Allowance for LNG Facilities
Canada’s federal government has proposed revised tax regulations that would increase the capital cost allowance (CCA) rate for equipment used in natural gas liquefaction from 8% to 30% and increase the CCA rate for buildings at a liquefaction facility from 6% to 10%. The proposed tax relief would be available for capital assets acquired after February 19, 2015 and before 2025. The...
Bear Head LNG Passes Environmental Review
Posted on Feb 18, 2015 in Canada & Mexico, Environmental, Federal Regulation, LNG Exports | Comments Off on Bear Head LNG Passes Environmental Review
Liquefied Natural Gas Limited announced that its wholly owned subsidiary Bear Head LNG Corporation received notice from the Canadian Environment Assessment Agency that it has reviewed information regarding the proposed Bear Head LNG export terminal in Richmond County, Nova Scotia and concluded that: (1) the design for the proposed project will be substantially the same as that which...
Proposed B.C. Bill Would Extend Provincial Law to LNG Facilities on Canadian Federal Port Lands
Posted on Feb 18, 2015 in Canada & Mexico, LNG Exports | Comments Off on Proposed B.C. Bill Would Extend Provincial Law to LNG Facilities on Canadian Federal Port Lands
On Monday, British Columbia (B.C.) Deputy Premier and Minister of Natural Gas Development Rich Coleman introduced a bill to the B.C. legislature to regulate the construction, operations and permitting of LNG development on federal port lands. Bill 12, the Federal Port Development Act, would extend provincial authority and application of provincial law to LNG-related development on...
FERC Receives Comments on Contentious Jordan Cove Energy Project LNG Export Terminal
Posted on Feb 13, 2015 in Environmental, Federal Regulation, LNG Exports | Comments Off on FERC Receives Comments on Contentious Jordan Cove Energy Project LNG Export Terminal
This week FERC received numerous comments on its draft environmental impact statement for the proposed Jordan Cove Energy Project LNG export terminal at Coos Bay, Ore. Comments opposing the project include petitions of Oregon Wild, signed by 1,360 citizens, and Friends of the Earth, with 23,470 signatures. Comments in support include comments by North America’s Building Trades Unions...
Alaska LNG Files Draft Resource Reports with FERC
Posted on Feb 13, 2015 in Environmental, Federal Regulation, LNG Exports | Comments Off on Alaska LNG Files Draft Resource Reports with FERC
Alaska LNG filed draft resource reports with FERC as part of the pre-filing environmental review process for its proposed LNG export terminal on the eastern shore of Cook Inlet, in the Nikiski area of the Kenai Peninsula, Alaska. The draft resource reports are part of the initial process to develop the proposed LNG export terminal. As reported by BusinessWire, the second drafts of...
Repsol Subsidiary Files Application to Import U.S. Gas Supplies for Export as LNG from Canaport Terminal
Posted on Feb 13, 2015 in Canada & Mexico, Federal Regulation, Liquefaction, LNG Exports | Comments Off on Repsol Subsidiary Files Application to Import U.S. Gas Supplies for Export as LNG from Canaport Terminal
Saint John LNG Development Company Ltd., a wholly-owned subsidiary of Repsol St. John LNG S.L., which is indirectly owned by Repsol, S.A. of Spain, has filed an application with the Canadian National Energy Board for 25-year authorization to import 272 Bcf/year of natural gas from the United States via Maritimes & Northeast Pipeline. Saint John LNG Development also applied for...