Editorial Highlights Effects of Kenai LNG Shutdown on Local Gas Market
Posted on Feb 23, 2011 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Editorial Highlights Effects of Kenai LNG Shutdown on Local Gas Market
An editorial carried today by the Anchorage Daily News highlights the likely effects of the decision to shutdown the Kenai LNG liquefaction facility. The piece notes that the Kenai LNG facility provided key gas storage services for the local market and that without stored inventories, the local residents may need to conserve energy during wintertime peak usage...
Editorial Touts Benefits of EnCana-PetroChina Deal for Kitimat LNG Project
Posted on Feb 22, 2011 in Canada & Mexico, LNG Exports | Comments Off on Editorial Touts Benefits of EnCana-PetroChina Deal for Kitimat LNG Project
An editorial in today’s Vancouver Sun says that the recent deal between EnCana Corp. and PetroChina “breathes new life” into the proposed Kitimat LNG export project.
Analysis: Cheniere Energy Partners Presents Risks to Shareholders
Posted on Feb 18, 2011 in Financing, LNG Exports | Comments Off on Analysis: Cheniere Energy Partners Presents Risks to Shareholders
An analysis in today’s Wall Street Journal [subscription required] examines the risks associated with Cheniere Energy Partners, the owner of the Sabine Pass LNG facility. The piece notes that despite ongoing negotiations with potential customers for LNG liquefaction capacity, construction costs combined with existing debt could limit financial benefits to...
Kitimat LNG Negotiating with Asian-Pacific LNG Buyers
Posted on Feb 18, 2011 in Canada & Mexico, LNG Exports | Comments Off on Kitimat LNG Negotiating with Asian-Pacific LNG Buyers
In an earnings call yesterday, Apache official John Crum said that negotiations are underway between Kitimat LNG and several Asian-Pacific LNG buyers. Crum went on to say that he hopes a final investment decision can be taken on the project by the end of this year, with a target date of 2015 for the first LNG exports from the Kitimat facility. Read more in the Calgary...
Cheniere, Endesa, and Enel Trade Sign MOU for Bi-Directional LNG Processing at Sabine Pass Facility
Posted on Feb 17, 2011 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere, Endesa, and Enel Trade Sign MOU for Bi-Directional LNG Processing at Sabine Pass Facility
This morning Cheniere Energy’s subsidiary, Sabine Pass Liquefaction, LLC, announced that it has signed a non-binding memorandum of understanding (MOU) with Endesa, S.A., and Enel Trade, S.p.A. Under the terms of the MOU, the companies have agreed to negotiate definitive agreements for up to 1.5 Mtpa of bi-directional LNG processing capacity at the Sabine Pass LNG...
Texas Senator Offers Support for Freeport LNG Export Proposal
Posted on Feb 17, 2011 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on Texas Senator Offers Support for Freeport LNG Export Proposal
Senator John Cornyn (R-Tex.) offered his support for the proposed Freeport LNG export project in a letter to U.S. Sec. of Energy Steven Chu and FERC Chairman Jon Wellinghoff. The letter, available in the FERC eLibrary under Docket No. PF11-2, states that the project will provide numerous economic benefits and that the regulatory review process should be completed...