Canadian Government Conditionally Approves Northern Gateway Project
Posted on Jul 7, 2014 in Canada & Mexico, LNG Exports | Comments Off on Canadian Government Conditionally Approves Northern Gateway Project
Prime Minister Stephen Harper has approved Enbridge’s Northern Gateway Pipeline Project, subject to 209 conditions that were recommended by an independent body established by the Minister of the Environment and the National Energy Board of Canada to review the project. The proposed pipeline is a 1,200 kilometer twin pipeline system that would carry tar sands oil from Edmonton to...
DOE Proposal Upends Process for Authorizing LNG Exports
Posted on Jul 7, 2014 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on DOE Proposal Upends Process for Authorizing LNG Exports
The U.S. Department of Energy (DOE) issued a Notice of Proposed Procedures (NPP) for LNG export decisions, outlining proposed changes to the way LNG export permits will be issued. The DOE is proposing to act on applications to export LNG only after a full environmental review under the National Environmental Policy Act is complete. This would suspend the DOE’s practice of issuing...
EDP to Sign Purchase Agreement for First Supply of LNG to Mainland Central America
Posted on Jul 3, 2014 in Financing, LNG Exports | Comments Off on EDP to Sign Purchase Agreement for First Supply of LNG to Mainland Central America
Bloomberg News reports that at the end of July, Energia del Pacifico SA (EDP) will sign a purchase agreement for LNG. This purchase will mark the first supply of LNG to mainland Central America. Under the agreement, EDP will purchase 500,000 metric tons of LNG per year for 20 years at prices linked to the price of Brent crude to supply EDP’s power plant that is being built in...
Alaska LNG Project Enters Phase to Design and Develop Alaska Gasline
Posted on Jul 3, 2014 in LNG Exports, Pipelines, State and Local Issues | Comments Off on Alaska LNG Project Enters Phase to Design and Develop Alaska Gasline
The Alaska Gasline Development Corporation, BP, ConocoPhillips, ExxonMobil, and TransCanada have signed an agreement to begin the next phase of the Alaska LNG Project. During this phase, the parties will design and develop a gas line for the transportation of LNG. The Alaska LNG Project will now apply for an export license from the Department of Energy. Read more in the press...
Corpus Christi and Pertamina Sign Second 20-Year SPA
Posted on Jul 2, 2014 in LNG Exports | Comments Off on Corpus Christi and Pertamina Sign Second 20-Year SPA
On Tuesday, Cheniere Energy, Inc. announced in a news release that its subsidiary, Corpus Christi Liquefaction, LLC, entered into a liquefied natural gas (“LNG”) sale and purchase agreement (SPA) with Indonesia state-owned PT Pertamina (Persero) (Pertamina). Under the SPA, Pertamina has agreed to purchase approximately 0.76 million tonnes per annum (mtpa) of LNG upon the commencement...
Cheniere Energy Stock at All-Time High Today after Woodside Agreement
Posted on Jul 1, 2014 in LNG Exports, Markets and Competition | Comments Off on Cheniere Energy Stock at All-Time High Today after Woodside Agreement
Cheniere Energy, Inc. hit an all-time high of $72.70 per share on Monday after the company reached an agreement for Woodside Petroleum to buy 850,000 metric tons of liquefied natural gas a year from the company’s Corpus Christi export project. The Wall Street Journal [subscription required] reports that pursuant to the agreement, sales of LNG are due to begin in 2019 and continue for...