Secretary Chu Says DOE Will Consider U.S. Gas Prices in LNG Export Permit Decisions
Posted on Feb 3, 2012 in Federal Regulation, LNG Exports | Comments Off on Secretary Chu Says DOE Will Consider U.S. Gas Prices in LNG Export Permit Decisions
Speaking yesterday in Houston, U.S. Secretary of Energy Steven Chu said that the Department of Energy (DOE) will consider U.S. natural gas prices when deciding whether or not to approve LNG export applications, explaining that “[w]e have to consider what is in the best interests of the United States.” According to Platts LNG Daily, Sec. Chu also noted a number of potential...
Cheniere Submits Preliminary Implementation Plan for Sabine Pass LNG Liquefaction Project
Posted on Feb 2, 2012 in Environmental, Federal Regulation, LNG Exports | Comments Off on Cheniere Submits Preliminary Implementation Plan for Sabine Pass LNG Liquefaction Project
Earlier this week, Cheniere Energy submitted its Preliminary Implementation Plan – A to FERC, outlining the company’s plans for compliance with a number of conditions contained in FERC Staff’s Environmental Assessment (EA) for the Sabine Pass LNG liquefaction project. The Implementation Plan is available in FERC’s eLibrary under Docket No. CP11-72. Separately, the...
Cheniere Expects to Conclude Financing for Sabine Pass Liquefaction Project By End of March
Posted on Feb 1, 2012 in Financing, LNG Exports | Comments Off on Cheniere Expects to Conclude Financing for Sabine Pass Liquefaction Project By End of March
A company spokesperson told World Gas Intelligence [subscription required] that Cheniere Energy will likely conclude financing for the planned Sabine Pass Liquefaction project by the end of March...
Cheniere Targets Caribbean Gas Market for Corpus Christi LNG Export Project
Posted on Feb 1, 2012 in Financing, LNG Exports, Markets and Competition | Comments Off on Cheniere Targets Caribbean Gas Market for Corpus Christi LNG Export Project
Platts LNG Daily [subscription required] reports that a company official from Cheniere Energy speaking at an industry conference said that his company will target gas buyers in the Caribbean region as a key market for Cheniere’s planned Corpus Christi LNG liquefaction and export facility. The official noted that strengthening Sabine Pass LNG’s financial footing would allow...
Op-Ed Discusses Market Circumstances Compelling U.S. LNG Terminals’ Shift from Import to Export
Posted on Feb 1, 2012 in LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Op-Ed Discusses Market Circumstances Compelling U.S. LNG Terminals’ Shift from Import to Export
An op-ed piece carried by Forbes discusses the market circumstances that have compelled several LNG import project owners to shift their projects to LNG exporting facilities. The piece also notes that some local residents and domestic gas users have opposed large scale LNG...
LNG Exports Present Policy, Political Challenges for U.S. Regulators
Posted on Jan 31, 2012 in Federal Regulation, Financing, LNG Exports, Policy, Legislation and Politics | Comments Off on LNG Exports Present Policy, Political Challenges for U.S. Regulators
In an analysis offered by Platts LNG Daily [subscription required], several members of the LNG industry expressed concern over whether the U.S. Department of Energy (DOE) might revoke LNG export authority even after authorizing exports. The industry participants noted that portions of DOE’s authorization of LNG exports from the Sabine Pass LNG facility suggest that DOE may assert...