Petronas Seeks $15 billion to Finance Pacific Northwest LNG Project
Posted on Jun 20, 2014 in Canada & Mexico, Financing, LNG Exports | Comments Off on Petronas Seeks $15 billion to Finance Pacific Northwest LNG Project
Petroliam Nasional Berhad (Petronas) is seeking debt-financing of as much as $15 billion for its sponsored Pacific Northwest LNG project on the West Coast of Canada. Spokesman for the Pacific NorthWest LNG project told the Financial Post, “[y]es, we have contracted Société Générale S.A. as the financial advisor. They will be going out and looking to acquire financing for the...
FERC Grants Cameron LNG Authorization for LNG Export Terminal
Posted on Jun 19, 2014 in Liquefaction, LNG Exports, Pipelines | Comments Off on FERC Grants Cameron LNG Authorization for LNG Export Terminal
On Thursday, FERC granted Cameron LNG, LLC authorization to build and operate facilities for the liquefaction and export of natural gas from the site of Cameron’s existing LNG import terminal in Cameron, La. FERC also granted Cameron authorization to build and operate pipeline and compression facilities in three Louisiana parishes to allow for transport of domestically produced...
FERC Approves Modification to EcoEléctrica Authorization
Posted on Jun 19, 2014 in LNG Exports, Pipelines, Vessel Transportation | Comments Off on FERC Approves Modification to EcoEléctrica Authorization
On Thursday, FERC approved a modification to EcoEléctrica, L.P.’s authorization under the Natural Gas Act. The approval authorizes EcoEléctrica to construct an LNG pipeline that will supply LNG to a non-jurisdictional LNG truck loading facility at EcoEléctrica’s existing liquefied natural gas terminal and cogeneration facility site in Peñuelas, Puerto Rico. The facility is currently...
FERC Releases EIS for Freeport LNG Project
Posted on Jun 18, 2014 in Environmental, Federal Regulation, LNG Exports | Comments Off on FERC Releases EIS for Freeport LNG Project
On Monday, FERC released a final environmental impact statement (EIS) for two proposals related to Freeport LNG’s operations on Quintana Island, Texas. The proposals included modifications to previously authorized, but not yet constructed, facilities and a proposal for new facilities. Staff concluded that the projects would result in mostly temporary and short-term environmental...
Department of Energy Approves Texas LNG to Export Gas
Posted on Jun 18, 2014 in Canada & Mexico, LNG Exports | Comments Off on Department of Energy Approves Texas LNG to Export Gas
The US Department of Energy granted Texas LNG approval to export to Free Trade Agreement countries. Texas LNG has approval to export the equivalent of 100 Bcf/y (approximately 2 MTA) of domestically produced LNG. The authorization is for a 25-year term to current and future Free Trade Agreement countries. Texas LNG is currently building a $1 billion terminal in South Texas at the Port...
BP to Sign $20 Billion LNG Supply Deal with China’s CNOOC
Posted on Jun 17, 2014 in LNG Exports, Markets and Competition | Comments Off on BP to Sign $20 Billion LNG Supply Deal with China’s CNOOC
BP is scheduled to sign a $20 billion deal to supply China National Offshore Oil Corporation (CNOOC) with LNG over a span of 20 years. BP is said to be likely to source much of the LNG for the deal from its contracted capacity at the Freeport LNG liquefaction facility near Freeport, Texas. Reuters reports the deal will increase China’s LNG intake by at least 1.5 million tonnes each...