Calais LNG Seeks Additional Delay
Posted on Nov 29, 2010 in Financing, Regas Terminals & Capacity, State and Local Issues | Comments Off on Calais LNG Seeks Additional Delay
Responding to a request for information, Calais LNG has requested an additional extension from the Maine Board of Environmental Protection for the processing of its LNG terminal permit. According to MPBN.net, Calais LNG states that it has no intention of withdrawing its application and that it is transitioning majority ownership of the project to a new financial...
Moody’s Downgrades Sabine Pass LNG
Posted on Nov 29, 2010 in Financing, Regas Terminals & Capacity | Comments Off on Moody’s Downgrades Sabine Pass LNG
Last week Moody’s Investors Service downgraded its rating of certain debt instruments issued by Sabine Pass LNG to B3 and, according to Platts LNG Daily [subscription required], placed the company under further review for future ratings...
Weaver’s Cove Energy Responds to Senators’ Efforts to Block LNG Project Approval
Posted on Nov 29, 2010 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Weaver’s Cove Energy Responds to Senators’ Efforts to Block LNG Project Approval
The CEO of Weaver’s Cove Energy, Gordon Shearer, has submitted a letter to the Senate Appropriations Subcommittee on Energy and Water Development encouraging lawmakers to allow the federal permitting process for the proposed Weaver’s Cove LNG terminal to continue. Earlier this month, the U.S. Senators from Massachusetts and Rhode Island asked their colleagues on the...
After Losing Option Over Proposed Terminal Site, Maine BEP Asks Calais LNG to Demonstrate Why Its Application Should Remain Active
Posted on Nov 23, 2010 in Regas Terminals & Capacity, State and Local Issues | Comments Off on After Losing Option Over Proposed Terminal Site, Maine BEP Asks Calais LNG to Demonstrate Why Its Application Should Remain Active
The Telegraph-Journal reports that on November 18, 2010, the owners of the parcel of property selected for the Calais LNG import terminal notified the Maine Board of Environmental Protection (BEP) that Calais LNG elected not to renew its option to extend the purchase agreement for the property. According to the news article, the property owners have asserted that any right or interest...
British-American LNG Trade Resumes After More Than Fifty Years
Posted on Nov 23, 2010 in Markets and Competition, Regas Terminals & Capacity | Comments Off on British-American LNG Trade Resumes After More Than Fifty Years
Bloomberg reports that an LNG cargo from the United States has been delivered to the Isle of Grain terminal in the United Kingdom, the first such cargo since 1959.
U.S. Parks Service Calls EIS for Weaver’s Cove LNG Project “Out of Date”
Posted on Nov 23, 2010 in Federal Regulation, Regas Terminals & Capacity | Comments Off on U.S. Parks Service Calls EIS for Weaver’s Cove LNG Project “Out of Date”
Earlier this month the U.S. Parks Service submitted comments to FERC outlining a number of environmental concerns with the planned Weaver’s Cove LNG import project. The filing states that the Environmental Impact Statement prepared for the project in 2005 is “fundamentally out of date,” noting that “critical factors were not evaluated in that document and that...