Chevron FID on Kitimat LNG Expected in 2014
Posted on Aug 2, 2013 in Canada & Mexico, LNG Exports | Comments Off on Chevron FID on Kitimat LNG Expected in 2014
Dow Jones Business News reports that a final investment decision (FID) by Chevron Corp. on the Kitimat LNG project in British Columbia will not come until 2014. The article states that while Chevron has been negotiating with unnamed Asian companies, unless equity partners can be found for 60% of the project’s export capacity, the project will not be...
Article Examines Canadian LNG Export Market Economics
Posted on Jul 29, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Article Examines Canadian LNG Export Market Economics
An article in the Oil & Gas Financial Journal examines the market for Canadian LNG exports and concludes that successful development of Canadian gas reserves and a profitable LNG export market will require significant effort and “commercial...
Stonepeak to Provide $660 Million in Equity Financing for Magnolia LNG Project
Posted on Jul 29, 2013 in Financing, LNG Exports | Comments Off on Stonepeak to Provide $660 Million in Equity Financing for Magnolia LNG Project
Liquefied Natural Gas Limited announced that it has entered into a Project Development Cooperation and Equity Term Sheet with Stonepeak Partners LP under which Stonepeak will provide 100% of the project equity financing, approximately $660 million, for construction and operation of the Magnolia LNG export terminal project in Lake Charles, La. The ownership split of the project will be...
Woodfibre LNG Files for Canadian National Energy Board LNG Export License
Posted on Jul 25, 2013 in Canada & Mexico, Federal Regulation, LNG Exports | Comments Off on Woodfibre LNG Files for Canadian National Energy Board LNG Export License
Woodfibre LNG Export Pte. Ltd. (Woodfibre), a subsidiary of Pacific Oil & Gas Limited, has filed an application with the Canadian National Energy Board for a license to export over 25 years up to 2.1 million tonnes (105 Bcf) per year of LNG to Pacific Rim markets, including Japan, South Korea and China, from a proposed LNG export terminal near Squamish, British Columbia. The...
Petronas in Talks with Sinopec for Share of Petronas’s B.C. LNG Export Terminal
Posted on Jul 25, 2013 in Canada & Mexico, LNG Exports | Comments Off on Petronas in Talks with Sinopec for Share of Petronas’s B.C. LNG Export Terminal
Reuters reports that Petronas is negotiating to sell to China Petroleum & Chemical Corporation (Sinopec) at least a 10% interest in Petronas’s proposed $20 billion LNG export facility on Lelu Island in Port Edward, near Prince Rupert, British Columbia. The negotiations with Sinopec follow sale of a 10% interest in the project to Japan Petroleum Exploration Company and...
Senator Landrieu and Congressman Boustany File Comments in Support of Magnolia LNG Project
Posted on Jul 24, 2013 in LNG Exports, State and Local Issues | Comments Off on Senator Landrieu and Congressman Boustany File Comments in Support of Magnolia LNG Project
Citing job creation and environmental benefits, U.S. Senator Mary Landrieu (D-La.) and U.S. Congressman Charles Boustany (R-La.) filed comments with FERC in support of Magnolia LNG’s proposed export terminal project in Lake Charles, La. The comments and complete docket for the Magnolia LNG project can be found on eLibrary under Docket No....