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Downeast LNG Up for Sale

Downeast LNG, sponsor of a proposed 3 million ton/year liquefaction and LNG import/export terminal near Robbinston, Maine, announced that the company will be put up for sale as of July 1, 2016.  According to the press release, Downeast LNG’s majority shareholder is energy private equity manager Yorktown Partners, which manages approximately $7 billion in energy investments....

MARAD Approves Surrender of Port Dolphin Energy Deepwater Port License

The U.S. Maritime Administration (MARAD) has granted Port Dolphin Energy’s request to surrender and terminate its Deepwater Port License authorizing it to own, construct and operate an LNG deepwater port approximately 28 miles off the western coast of Florida, and approximately 42 miles from Port Manatee, Manatee County, Florida.  In October 2015, FERC granted Port Dolphin...

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...

Hawaii Gas to Choose LNG Terminal Developer by the End of the Year

Pacific Business News reports that Macquarie Infrastructure Company indicated in its third quarter earnings report that its subsidiary Hawaii Gas plans to award a contract by the end of 2015 for the development of an offshore floating LNG storage facility to supply various end users on the islands.  The article indicates that Hawaii Gas expects to begin LNG shipments at the beginning...

FERC Releases Update on its Pre-filing Environmental Review of Downeast LNG’s Import/Export Terminal

FERC has released an update on the status of its pre-filing environmental review of Downeast LNG’s proposed import/export terminal at Robbinston, Maine.  FERC is currently reviewing Downeast LNG’s draft resource reports for the project and will provide comments on the reports for Downeast LNG to incorporate in its final resource reports.  The final resource reports will be included...

Crowley Unit Granted LNG Import Authority

Crowley Petroleum Distribution, Alaska LLC was granted authority by the U.S. Department of Energy to import up to 2.12 Bcf of LNG into the United States from Canada over a two-year period.      

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