New Report Concludes U.S. LNG Exports Will Increase Jobs with Minimal Price Impacts
Posted on May 16, 2013 in LNG Exports | Comments Off on New Report Concludes U.S. LNG Exports Will Increase Jobs with Minimal Price Impacts
A new report from ICF International, prepared for the American Petroleum Institute, estimates that increased exports of U.S. LNG will create between 73,100 to 452,300 new domestic jobs between 2016 and 2035. The report projects domestic natural gas price increases of $0.32 to $1.02 per MMBtu and U.S. GDP growth between $15.6 to $73.6 billion annually during the same time period due to...
Sierra Club Files Comments Opposing Automatic Approval of U.S. LNG Exports to European Union Nations
Posted on May 14, 2013 in LNG Exports, Policy, Legislation and Politics | Comments Off on Sierra Club Files Comments Opposing Automatic Approval of U.S. LNG Exports to European Union Nations
Sierra Club recently filed comments with the Office of the United States Trade Representative on the proposed Transatlantic Trade and Investment Partnership opposing, among other things, inclusion of a provision for “national treatment for trade in gas” that would require automatic approval of U.S. LNG exports to European Union nations. Sierra Club argued that such a...
Indian Company Eyeing Nova Scotia for Possible LNG Export Terminal Site
Posted on May 10, 2013 in Canada & Mexico, LNG Exports | Comments Off on Indian Company Eyeing Nova Scotia for Possible LNG Export Terminal Site
Reuters reports that Indian company H-Energy has signed an option agreement with the government of Nova Scotia to assess the feasibility of constructing an LNG liquefaction facility and export terminal on the Strait of Canso. The report states that the agreement provides H-Energy with exclusive rights to buy the site if feasibility studies prove...
Commercial Framework Agreement Signed for Golden Pass LNG Exports
Posted on May 9, 2013 in LNG Exports, Markets and Competition | Comments Off on Commercial Framework Agreement Signed for Golden Pass LNG Exports
Golden Pass Products LLC announced today that affiliates Qatar Petroleum International and ExxonMobil have signed a Commercial Framework Agreement to sell up to the full 15.6 million metric ton annual output of the proposed liquefaction and export terminal project to be located at Golden Pass Products’ existing import terminal in Sabine Pass, Texas. The agreement also provides...
Japan Continues Push for U.S. LNG Supplies
Posted on May 7, 2013 in LNG Exports, Policy, Legislation and Politics | Comments Off on Japan Continues Push for U.S. LNG Supplies
The Japan Times reports that Japanese Trade Minister Toshimitsu Motegi met with U.S. Department of Energy (DOE) Acting Energy Secretary Daniel Poneman in Washington last week to request U.S. government approval of LNG exports to Japan. According to the report, Poneman told Motegi that he fully recognizes that access to U.S. LNG supplies is an urgent issue for Japan, which does not have...
CEAA Seeks Comments on Environmental Review for Prince Rupert LNG Project
Posted on May 7, 2013 in Canada & Mexico, Environmental, LNG Exports | Comments Off on CEAA Seeks Comments on Environmental Review for Prince Rupert LNG Project
The Canadian Environmental Assessment Agency (CEAA) is seeking comments on whether a federal environmental assessment is required for BG Group affiliate Prince Rupert LNG Limited’s proposed LNG export project (Project). The Project involves construction of an LNG liquefaction plant and export terminal on Ridley Island at the Port of Prince Rupert in British Columbia. Comments are due...