Three More Companies File LNG Export Applications with DOE
Posted on Sep 11, 2013 in Federal Regulation, LNG Exports | Comments Off on Three More Companies File LNG Export Applications with DOE
Argent Marine Management, Inc. (Argent) has filed an application with the U.S. Department of Energy (DOE) to export over a 25-year period 20,000 metric tonnes (approximately 1 Bcf) of LNG per year to nations having a Free Trade Agreement (FTA) with the United States. Argent proposes to transport LNG from a facility in Trussville, Ala. via truck to ports on the U.S. East Coast and then...
Dominion Cove Point LNG Receives Conditional DOE Non-FTA LNG Export Approval
Posted on Sep 11, 2013 in Federal Regulation, LNG Exports | Comments Off on Dominion Cove Point LNG Receives Conditional DOE Non-FTA LNG Export Approval
Today, the U.S. Department of Energy (DOE) issued an order approving Dominion Cove Point LNG’s (DCP) application to export LNG from the proposed Cove Point LNG export terminal in Lusby, Md. to nations without a Free Trade Agreement (FTA) with the United States. The order is the fourth authorization to export LNG to non-FTA nations DOE has granted. The authorization is conditioned on...
Freeport LNG Signs Tolling Agreements with Toshiba and South Korean Company
Posted on Sep 9, 2013 in LNG Exports, Markets and Competition | Comments Off on Freeport LNG Signs Tolling Agreements with Toshiba and South Korean Company
Freeport LNG Expansion, L.P. (Freeport LNG) announced that it has entered into binding 20-year Liquefaction Tolling Agreements (LTA) with Toshiba Corporation (Toshiba) and SK E&S LNG, LLC (SK), each for a base quantity of 2.2 million tons per annum, commencing upon completion of construction of the third train of Freeport LNG’s proposed export terminal on Quintana Island near...
Article Predicts Natural Gas to Become Global Market Due to LNG Exports
Posted on Aug 29, 2013 in LNG Exports, Markets and Competition | Comments Off on Article Predicts Natural Gas to Become Global Market Due to LNG Exports
A column in the San Antonio Business Journal predicts that increased production of shale gas worldwide, stimulated by increased exports of LNG, will cause U.S. gas prices to rise and global gas prices to fall and meet at equilibrium in the $4-$7 per Mcf range. The article predicts that “in the same way that crude oil has become a global market, so will natural gas,” and...
N.J. Governor to Ponder Veto of Port Ambrose LNG Import Terminal
Posted on Aug 28, 2013 in LNG Exports, State and Local Issues | Comments Off on N.J. Governor to Ponder Veto of Port Ambrose LNG Import Terminal
NJ.com reports that New Jersey Governor Chris Christie recently acknowledged that, although he had previously rejected Liberty Natural Gas’s nearly identical proposal to construct an LNG import terminal offshore N.J., and was “skeptical” about the proposed Port Ambrose terminal, he was going “to keep an open mind.” Christie added that he felt he...
Report Predicts Higher Domestic Gas Prices if U.S. LNG Exports Meet Projections
Posted on Aug 28, 2013 in LNG Exports | Comments Off on Report Predicts Higher Domestic Gas Prices if U.S. LNG Exports Meet Projections
According to Oil & Gas Journal (O&GJ), a new report by Facts Global Energy (FGE) projects U.S. LNG export volumes to be higher than U.S. gas production predictions by the U.S. Energy Information Administration (EIA), resulting in higher domestic gas prices than projected by EIA. In 2020, FGE projects U.S. LNG exports to exceed EIA production projections by 34.5 million tonnes...