Alaska LNG Project Faces “Significant Economic Headwinds”
Posted on Feb 1, 2016 in Liquefaction, LNG Exports, State and Local Issues | Comments Off on Alaska LNG Project Faces “Significant Economic Headwinds”
Alaska Public Radio reports that representatives from the Alaska LNG Project told Alaska state legislators last week that the project faces “significant economic headwinds,” and while they remain committed to the project, the sponsors “have to be realistic about the project in this current price environment.” Sponsors of the proposed 800-mile pipeline and LNG export terminal are North...
FERC Extends Schedule for Completion of Oregon LNG Environmental Review
Posted on Feb 1, 2016 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Extends Schedule for Completion of Oregon LNG Environmental Review
FERC issued a notice today extending the date for the release of its environmental impact statement for the proposed Oregon LNG export terminal project from February 12, 2016 to June 3, 2016. Other federal agencies having jurisdiction over the project will have until September 1, 2016 to complete their review....
Magnolia LNG Extends Closing Date for Meridian LNG Tolling Agreement
Posted on Feb 1, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Extends Closing Date for Meridian LNG Tolling Agreement
Today, Magnolia LNG, LLC announced that Magnolia and Meridian LNG Holdings Corp (Meridian LNG) have agreed to extend the financial close date condition precedent for Magnolia LNG from June 30, 2016 to December 31, 2016. In 2015, Magnolia announced that it had entered into a tolling agreement with Meridian LNG for firm capacity rights for up to 2 million tonnes of LNG/year at Magnolia...
Eagle LNG Partners Files FTA and Non-FTA LNG Export Application
Posted on Jan 28, 2016 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Eagle LNG Partners Files FTA and Non-FTA LNG Export Application
Eagle LNG Partners announced that it has filed an application with the U.S. Department of Energy (DOE) requesting long-term, multi-contract authorization to export up to 49.8 Bcf (approximately 1.0 million tons) of LNG/year to both free trade agreement (FTA) and non-free trade agreement (non-FTA) countries. The LNG would be exported from Eagle LNG Partners’ proposed FERC-jurisdictional...
ExxonMobil Outlines Pluses and Minuses of Alaska LNG Project
Posted on Jan 28, 2016 in Liquefaction, LNG Exports, Pipelines, State and Local Issues | Comments Off on ExxonMobil Outlines Pluses and Minuses of Alaska LNG Project
The Alaska Journal of Commerce reports that ExxonMobil, co-sponsor of the Alaska LNG project, recently gave a presentation to the Alaska legislature outlining the pluses and minuses of the project, of which the State of Alaska is a 25% partner. Pluses include existing gas production infrastructure on Alaska’s North Slope, close proximity to Asian markets, and experienced regulators at...
Sabine Pass LNG Trains 1 and 2 “Substantial Completion” Dates Pushed Back Two Months
Posted on Jan 26, 2016 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Sabine Pass LNG Trains 1 and 2 “Substantial Completion” Dates Pushed Back Two Months
Sabine Pass LNG has filed a report with FERC on the status of construction of its LNG export terminal in Sabine Pass, La., through December 2015. The report states that “actual project progress supports the achievement of substantial completion for Trains 1 and 2 by May 2016 and August 2016, respectively.” These dates are two months later than predicted in Sabine Pass LNG’s report...