Cheniere Seeks to Refinance LNG Import Terminal
Posted on Jan 26, 2016 in Financing, Liquefaction, LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere Seeks to Refinance LNG Import Terminal
Bloomberg reports that Cheniere Energy is seeking to refinance $2.1 billion it owes on its Sabine Pass LNG import terminal facilities in Cameron Parish, La. The import terminal came on-line in 2008-2009, just as American shale gas supplies entering the U.S. gas market caused gas prices to drop to a 16-year low of $1.68/MMBtu. According to the report, the Sabine Pass LNG terminal has...
EPA Recommends FERC Revise its Guidance to LNG Project Applicants to Address Increased Gas Production and Climate Change
Posted on Jan 21, 2016 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on EPA Recommends FERC Revise its Guidance to LNG Project Applicants to Address Increased Gas Production and Climate Change
In comments submitted to FERC regarding FERC’s review of its Guidance Manual for environmental reports prepared for Natural Gas Act applicants, the U.S. Environmental Protection Agency recommends that the Guidance Manual request LNG export project applicants (1) to provide information regarding the potential for increased natural gas production and the related environmental impacts due...
Canadian Energy Board Grants Two Long-Term LNG Export Licenses
Posted on Jan 21, 2016 in Canada & Mexico, Federal Regulation, Liquefaction, LNG Exports | Comments Off on Canadian Energy Board Grants Two Long-Term LNG Export Licenses
Canada’s National Energy Board (NEB) has approved New Times Energy Ltd’s application for a license to export over 25 years up to 586 Bcf/year of LNG with an additional annual tolerance of 15 percent from a floating liquefaction and LNG export terminal facility it intends to build near Port of Prince Rupert, British Columbia. The NEB also approved an application by AltaGas DCLNG General...
Canadian Environmental Agency Concludes Pacific NorthWest LNG Terminal Unlikely to Cause Significant Adverse Effects
Posted on Jan 19, 2016 in Canada & Mexico, Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on Canadian Environmental Agency Concludes Pacific NorthWest LNG Terminal Unlikely to Cause Significant Adverse Effects
The Globe and Mail reports that scientists from Fisheries and Oceans Canada, a federal agency, sent a letter last week to the Canadian Environmental Assessment Agency concluding that “[t]he effects of the [Pacific NorthWest LNG] marine structure on fish and fish habitat have been categorized as having a low potential of resulting in significant adverse effects.” Malaysian state oil...
New Report Finds Renewable Energy Competitive to LNG for Overseas Power Generation
Posted on Jan 19, 2016 in LNG Exports, Markets and Competition | Comments Off on New Report Finds Renewable Energy Competitive to LNG for Overseas Power Generation
A new report from the Brattle Group finds that due to declining costs, renewable energy sources are becoming increasingly competitive to LNG for power generation in overseas markets. According to the press release, the report suggests that as a result, the predicted glut of global LNG supplies may be more than a temporary condition. ...
Analysts: More than Half of U.S. LNG Exports Will Go to Europe by 2020
Posted on Jan 15, 2016 in LNG Exports, Markets and Competition | Comments Off on Analysts: More than Half of U.S. LNG Exports Will Go to Europe by 2020
Bloomberg reports that “Europe is set to be the key destination” for U.S. LNG supplies. Per Wood Mackenzie analysts’ predictions, 55% of U.S. LNG exports will go to Europe by 2020 due to the disappearance of the large spread between European and Asian LNG prices and Europe’s proximity to U.S. LNG export terminals....