Analysis: Cheniere, BG LNG Export Agreement Does Not Include Traditional Take-Or-Pay Provisions
Posted on Nov 2, 2011 in Financing, LNG Exports, Markets and Competition | Comments Off on Analysis: Cheniere, BG LNG Export Agreement Does Not Include Traditional Take-Or-Pay Provisions
An analysis of the recent Cheniere-BG LNG export agreement carried in World Gas Intelligence [subscription required] notes that the agreement does not contain a take-or-pay provision that is common for LNG terminal use agreements. The analysis concludes that although the agreement with BG helps, Cheniere needs to secure similar agreements from other future LNG exporters in order to...
Analysts: Cheniere May Have Trouble Meeting Debt Obligations Starting in May
Posted on Nov 1, 2011 in Financing, LNG Exports | Comments Off on Analysts: Cheniere May Have Trouble Meeting Debt Obligations Starting in May
Analysts with Standard & Poor’s said yesterday that if Cheniere’s liquidity position “does not materially improve,” the company will have trouble meeting its debt obligations that will mature in May 2012. In response, Cheniere CEO Charif Souki argued that a recent LNG export contract the company has signed with BG will help Cheniere to refinance its debt...
IEA: If U.S. LNG Exports Come Onstream, Global Gas Prices Could Converge
Posted on Nov 1, 2011 in LNG Exports, Markets and Competition | Comments Off on IEA: If U.S. LNG Exports Come Onstream, Global Gas Prices Could Converge
Speaking at an industry conference in Singapore, Richard Jones of the International Energy Agency (IEA) said that LNG export projects in the United States could trigger a convergence of global natural gas prices. Find further coverage in Platts LNG Daily [subscription...
Analysis: LNG Exports Could Help Reduce U.S. Trade Deficit
Posted on Oct 31, 2011 in LNG Exports, Trade Restrictions | Comments Off on Analysis: LNG Exports Could Help Reduce U.S. Trade Deficit
An analysis carried in the Alberta Oil Magazine suggests that exporting U.S. domestic natural gas as LNG could help lower the United States’ foreign trade deficit.
Senate Energy Committee to Convene Hearing on LNG Exports
Posted on Oct 31, 2011 in LNG Exports, Policy, Legislation and Politics | Comments Off on Senate Energy Committee to Convene Hearing on LNG Exports
The U.S. Senate Committee on Energy and Natural Resources has scheduled a hearing to discuss market developments and the approval process for LNG export projects.
Alaska Governor Endorses LNG Exports of North Slope Gas
Posted on Oct 28, 2011 in LNG Exports, Pipelines, Policy, Legislation and Politics, State and Local Issues | Comments Off on Alaska Governor Endorses LNG Exports of North Slope Gas
Governor Sean Parnell (R-Alaska) has endorsed a proposal that would export North Slope natural gas as LNG to gas consuming markets in Asia. Reuters reports that Gov. Parnell supports the LNG export plan over a pipeline project that would transport North Slope gas to the Lower 48 States via...