B.C. Discounts Petronas Threat to Call Off LNG Export Terminal
Posted on Sep 25, 2014 in Canada & Mexico, LNG Exports, Policy, Legislation and Politics | Comments Off on B.C. Discounts Petronas Threat to Call Off LNG Export Terminal
The Globe and Mail reports that Petronas CEO Shamsul Abbas’s statement that he is “ready to call off” the proposed Pacific Northwest LNG export terminal project in British Columbia could be a negotiating tactic, according to Rich Coleman, B.C.’s Minister of Natural Gas Development. Abbas’s statement was in apparent frustration with the lengthy regulatory approval process, the...
LNG Export Terminal Possible for Galveston
Posted on Sep 24, 2014 in LNG Exports, Markets and Competition, State and Local Issues | Comments Off on LNG Export Terminal Possible for Galveston
Petro Global News reports that officials from the Port of Galveston, Texas agreed Monday to reserve 185 acres at the port’s Pelican Island site for a proposed $6 billion LNG export facility being planned by Texas-based NextDecade Energy (“NextDecade”). According to the report, NextDecade will pay $100,000 to hold the site for the next six months, subject to extension, while the company...
Reuters Discusses Asian Utilities’ Sales of U.S. LNG Supplies to Europe
Posted on Sep 22, 2014 in LNG Exports, Markets and Competition | Comments Off on Reuters Discusses Asian Utilities’ Sales of U.S. LNG Supplies to Europe
An article by Reuters discusses attempts by Japanese and Indian utilities to divert some of their contracted-for U.S. LNG supplies to Europe amidst the companies’ realizations that their home markets will not be able to absorb the initial influx of LNG supply. The article also notes that a recent fall in crude oil prices has made LNG supply contracts linked to Henry Hub gas prices...
Magnolia LNG Receives Coast Guard and PHMSA Approvals for LNG Export Terminal
Posted on Sep 22, 2014 in Federal Regulation, LNG Exports | Comments Off on Magnolia LNG Receives Coast Guard and PHMSA Approvals for LNG Export Terminal
Magnolia LNG announced today that the U.S. Coast Guard has issued a Letter of Recommendation approving the Waterway Suitability Assessment for Magnolia’s proposed LNG export terminal at Lake Charles, La., finding that the Calcasieu Channel waterway was suitable for the proposed LNG marine traffic associated with the project. Magnolia also announced that the U.S. Department of...
U.S. House Passes Bill to Expedite LNG Exports
Posted on Sep 19, 2014 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on U.S. House Passes Bill to Expedite LNG Exports
Yesterday, the U.S. House of Representatives passed H.R. 2, which includes provisions to expedite LNG exports in Title III, the “Domestic Prosperity and Global Freedom Act.’’ The provisions require that, for applications to export gas involving new facilities subject to FERC or U.S. Maritime Administration approval, the U.S. Department of Energy (DOE) issue a final decision within 30...
Alaskan LNG Delegation Travels to Asian Nations
Posted on Sep 17, 2014 in LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Alaskan LNG Delegation Travels to Asian Nations
Alaska Dispatch News reports that Alaskan state officials and executives from BP, one of the sponsors of the Alaska LNG Project, recently traveled to Japan, China and South Korea to meet with utilities and others that may be involved in purchasing LNG supplies from the project. The report states that the Alaska Department of Natural Resources and the Japanese Ministry of Economy,...