Article Discusses Henry Hub-Linked LNG Pricing
Posted on Jun 6, 2014 in LNG Exports, Markets and Competition | Comments Off on Article Discusses Henry Hub-Linked LNG Pricing
– An article in Bloomberg discusses recent offers by India Gail Ltd. to sell U.S. LNG supplies at prices indexed to Henry Hub gas prices, rather than at traditional oil-linked prices, which are subject to crude oil price spikes. According to the article, LNG purchases based on Henry Hub prices will be cheaper than LNG indexed to oil...
Kitimat LNG Sponsors Sign Pipeline Capacity Agreements
Posted on Jun 4, 2014 in Canada & Mexico, LNG Exports, Pipelines | Comments Off on Kitimat LNG Sponsors Sign Pipeline Capacity Agreements
TransCanada Corporation announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has signed agreements with Kitimat LNG sponsors Chevron Canada Limited and Apache Canada Ltd. for 1.9 Bcf/day of firm natural gas transportation capacity on the proposed Merrick Mainline Pipeline Project (Merrick Mainline). The Merrick Mainline will transport gas from the NGTL...
Dominion Cove Point LNG Receives Approval for Electric Generation Station; Environmental Groups to Appeal
Posted on Jun 3, 2014 in Environmental, LNG Exports, State and Local Issues | Comments Off on Dominion Cove Point LNG Receives Approval for Electric Generation Station; Environmental Groups to Appeal
The Maryland Public Service Commission (PSC) has conditionally approved Dominion Resources’ application to construct a 130 megawatt generating station to produce LNG for export at Dominion Cove Point LNG’s (DCP) terminal in Lusby, Md. According to the press release, “the station will consist of two 65-megawatt steam turbine generators that produce electricity. The waste heat from two...
Gas Natural Fenosa to Purchase Corpus Christi LNG Supplies at Henry Hub-Linked Prices
Posted on Jun 3, 2014 in LNG Exports, Markets and Competition | Comments Off on Gas Natural Fenosa to Purchase Corpus Christi LNG Supplies at Henry Hub-Linked Prices
Cheniere Energy subsidiary Corpus Christi Liquefaction, LLC (CCL) and Gas Natural Fenosa LNG SL (GNF) signed an agreement for GNF to purchase 1.5 million tonnes per annum (mtpa) of LNG over 20 years from Train 2 of CCL’s proposed LNG export terminal near Corpus Christi, Texas. Train 2 is expected to begin operations in 2019. According to the press release, GNF will purchase the LNG...
Iberdrola Signs Agreement to Purchase LNG from Cheniere’s Corpus Christi LNG Terminal at Henry Hub-Linked Prices
Posted on May 30, 2014 in LNG Exports, Markets and Competition | Comments Off on Iberdrola Signs Agreement to Purchase LNG from Cheniere’s Corpus Christi LNG Terminal at Henry Hub-Linked Prices
Cheniere Energy subsidiary Corpus Christi Liquefaction, LLC (CCL) and Iberdrola, S.A. (Iberdrola) have entered into an agreement for Iberdrola to purchase 0.4 million tonnes per annum (mtpa) of LNG over 20 years from Train 1 of CCL’s proposed LNG export terminal near Corpus Christi, Texas. The purchase volume will increase to 0.8 mtpa of LNG upon the commencement of operations of...
FERC Releases Environmental Review Schedule for Sabine Pass LNG Stage 3 Expansion
Posted on May 30, 2014 in Environmental, Federal Regulation, LNG Exports | Comments Off on FERC Releases Environmental Review Schedule for Sabine Pass LNG Stage 3 Expansion
FERC has released the schedule for its environmental review of Sabine Pass LNG’s Stage 3 expansion, consisting of the construction of liquefaction Trains 5 and 6 at its LNG export terminal under construction in Cameron Parish, La., and expansion of interconnected pipeline facilities. FERC plans to issue an Environmental Assessment for the project on August 1, 2014. Other federal...