Magnolia LNG Announces Contract with KBR-SK JV for Export Terminal Construction
Posted on Nov 18, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Announces Contract with KBR-SK JV for Export Terminal Construction
Magnolia LNG announced that it has executed a legally binding lump sum turnkey engineering, procurement and construction contract with the KBR-SKE&C joint venture for the proposed Magnolia LNG export terminal project at Lake Charles, La. The contract costs $4.354 billion and covers the engineering, procurement and construction of four LNG production trains with design capacity of...
Corpus Christi Liquefaction Files Construction Status Report
Posted on Nov 17, 2015 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Corpus Christi Liquefaction Files Construction Status Report
Corpus Christi Liquefaction has filed a report with FERC covering construction at its LNG import/export terminal in Corpus Christi, Texas, through October 2015. The report indicates that engineering has progressed to 90.3%, procurement has progressed to 34.6%, and Bechtel’s construction has progressed to 0.8%. The total project has progressed to 25% complete against a planned 19.3%....
Flint Hills Resources Files DOE Application to Export LNG to FTA and Non-FTA Nations
Posted on Nov 16, 2015 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Flint Hills Resources Files DOE Application to Export LNG to FTA and Non-FTA Nations
Flint Hills Resources, LP (Flint Hills) has filed an application with the U.S. Department of Energy (DOE) to export up to 3.62 Bcf/year over 20 years to nations with and without a Free Trade Agreement (FTA) with the United States. Flint Hills proposes to export LNG produced at the existing Stabilis LNG Eagle Ford LLC facility located at George West, Texas via tanker trucks or ISO...
FERC Releases Final EIS for the Proposed Magnolia LNG Export Terminal
Posted on Nov 13, 2015 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Releases Final EIS for the Proposed Magnolia LNG Export Terminal
FERC has released the final environmental impact statement (FEIS) for the proposed Magnolia LNG export terminal at Lake Charles, La. and the various liquefaction, LNG distribution, and appurtenant facilities. The notice states that FERC staff concludes that approval of the proposed projects would result in adverse environmental impacts but these impacts would be reduced to...
Toshiba Looking To Sell Down Freeport LNG Tolling Agreements
Posted on Nov 9, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Toshiba Looking To Sell Down Freeport LNG Tolling Agreements
Reuters reports that due to low Asian natural gas prices, Toshiba is looking to sell down its tolling agreements with Freeport LNG under which Toshiba must pay Freeport LNG up to $370 million per year in fees over 20 years for the Quintana Island, Texas liquefaction plant even if Toshiba does not use the facility to produce LNG. According to the report, Toshiba has held talks recently...
Downeast LNG Requests Pause of FERC Review
Posted on Nov 5, 2015 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Downeast LNG Requests Pause of FERC Review
Downeast LNG has filed a letter requesting that FERC hold its review of Downeast LNG’s proposed LNG export terminal in Robbinston, Maine in abeyance “until February 29, 2016 while Downeast LNG and its investors undertake an economic analysis of current market conditions and the associated impact on the proposed Downeast LNG project.”...