Editorial: Lease Terms Indicate Oregon LNG Should Stop Pursuing LNG Export Plan
Posted on Jan 13, 2012 in LNG Exports, Regas Terminals & Capacity, State and Local Issues | Comments Off on Editorial: Lease Terms Indicate Oregon LNG Should Stop Pursuing LNG Export Plan
An editorial carried in the Daily Astorian argues that Oregon LNG should cancel its LNG project in the face of new challenges. The piece notes that the Oregon Department of State Lands recently informed project developers that the lease for the Oregon LNG terminal site permits only LNG imports, not exports, preventing the company from shifting its project from LNG regasification to...
Op-Ed: U.S. LNG Exports May Have Trouble Competing in Expanding Global Gas Market
Posted on Jan 12, 2012 in LNG Exports, Markets and Competition | Comments Off on Op-Ed: U.S. LNG Exports May Have Trouble Competing in Expanding Global Gas Market
Noting that global natural gas supplies are growing as shale gas plays become more accessible, an op-ed carried by Reuters suggests that LNG exports from the United States may have trouble competing economically with other gas supply sources around the...
Report: Indian Government Committee Says U.S. LNG Supplies Cheaper and Stable Compared to Other Supply Options
Posted on Jan 12, 2012 in LNG Exports, Markets and Competition | Comments Off on Report: Indian Government Committee Says U.S. LNG Supplies Cheaper and Stable Compared to Other Supply Options
The Hindu reports that the Empowered Group, an Indian government committee, has concluded that U.S. LNG supplies are cheaper and stable compared to other potential supply options. According to the news report, the committee approved the purchase by GAIL India of two million metric tons of LNG per year for twenty years from Macquarie Energy via the Freeport LNG...
Spokesperson: Sen. Murkowski May Support Change in Law to Allow Alaskan LNG Export Project to Access Federal Loan Guarantees
Posted on Jan 12, 2012 in Financing, LNG Exports, Policy, Legislation and Politics | Comments Off on Spokesperson: Sen. Murkowski May Support Change in Law to Allow Alaskan LNG Export Project to Access Federal Loan Guarantees
A spokesperson for Sen. Lisa Murkowski (R-Alaska) told the Associated Press (via CBS News) that the Senator’s office will evaluate a change in the law to allow a proposed LNG export project in Alaska to qualify for some $21 billion in loan guarantees from the federal government. A federal coordinator for Alaska gas transportation projects said previously that the loan guarantees are...
Alaska LNG Export Plan Not Eligible for U.S. Pipeline Loan Guarantee Assistance
Posted on Jan 11, 2012 in Financing, LNG Exports | Comments Off on Alaska LNG Export Plan Not Eligible for U.S. Pipeline Loan Guarantee Assistance
Larry Persily, the Alaska natural gas pipeline project coordinator for the Obama Administration, told International Oil Daily [subscription required] that the LNG export project in Alaska contemplated by BP and ConocoPhillips would not be eligible for $21 billion in loan guarantees from the U.S....
Oregon: Lease of State Lands for Oregon LNG Project Allows Only Imports, Not Exports
Posted on Jan 11, 2012 in LNG Exports, State and Local Issues | Comments Off on Oregon: Lease of State Lands for Oregon LNG Project Allows Only Imports, Not Exports
The Oregon Department of State Lands has informed Oregon LNG that, in its view, the lease of state lands to the company only is for the purpose of allowing an LNG import facility, not an LNG export facility. Read more in the Daily...