Energy Transfer Equity Acquiring Southern Union, Including Lake Charles LNG Terminal
Posted on Jun 17, 2011 in Financing, LNG Exports, Regas Terminals & Capacity | Comments Off on Energy Transfer Equity Acquiring Southern Union, Including Lake Charles LNG Terminal
Energy Transfer Equity, L.P. announced yesterday that it will acquire Southern Union Company for a total of $7.9 billion, including $3.7 billion of existing Southern Union debt. The acquisition also includes the Lake Charles LNG import terminal and several gas pipeline assets. Platts LNG Daily [subscription required] provides additional...
Industry Analysts Say United States Could Export 1 Bcf/d of LNG by 2020
Posted on Jun 16, 2011 in LNG Exports, Markets and Competition | Comments Off on Industry Analysts Say United States Could Export 1 Bcf/d of LNG by 2020
Bentek Energy analysts said yesterday that they expect the United States to export approximately 1 Bcf/d of LNG from 2018 through 2020. According to Platts LNG Daily, the analysts predicted that U.S. LNG exports will begin in...
Progress CEO Outlines Plans for British Columbia LNG Export Project
Posted on Jun 16, 2011 in Canada & Mexico, LNG Exports | Comments Off on Progress CEO Outlines Plans for British Columbia LNG Export Project
Speaking this week at a conference, Progress Energy Resources CEO Michael Culbert said that his company plans to partner with Petronas to build an LNG export facility in British Columbia featuring two liquefaction trains with capacities of approximately 3.7 million mt/year each. Culbert said that the first train would be built over the next four to five years and then would be followed...
Macquarie Executive Expects Freeport LNG Export Project to Increase Bank’s Gas Trading Opportunities
Posted on Jun 15, 2011 in LNG Exports, Markets and Competition | Comments Off on Macquarie Executive Expects Freeport LNG Export Project to Increase Bank’s Gas Trading Opportunities
Nicholas O’Kane, the global head of the energy markets division for Macquarie Bank, told Reuters this week that he expects the Freeport LNG export project to increase natural gas trading opportunities in North America for Macquarie. O’Kane went on to note that he does not expect North American gas exports to significantly raise prices for natural gas in the United States,...
Apache Names New Leadership for Kitimat LNG Export Project
Posted on Jun 14, 2011 in Canada & Mexico, LNG Exports | Comments Off on Apache Names New Leadership for Kitimat LNG Export Project
The Northern Sentinel reports that Apache Corp. has named Graham Lawton as its new vice president of LNG projects. In this capacity, Lawton will oversee the Kitimat LNG export project and associated Pacific Trail...
DOE Sets Deadline for Public Comments in Lake Charles LNG Export Proceeding
Posted on Jun 14, 2011 in Federal Regulation, LNG Exports | Comments Off on DOE Sets Deadline for Public Comments in Lake Charles LNG Export Proceeding
The U.S. Department of Energy has set a deadline of August 12, 2011, for written comments in the Lake Charles LNG export proceeding. Find further details in the Federal Register.