Investment Ratings Service Downgrades Sabine Pass LNG’s Credit Rating
Posted on May 20, 2008 in Financing, Regas Terminals & Capacity | Comments Off on Investment Ratings Service Downgrades Sabine Pass LNG’s Credit Rating
Moody’s Investors Service [free registration required] has downgraded its rating of Sabine Pass LNG, L.P., citing parent company Cheniere Energy Inc.’s “stressed liquidity position” starting in 2009. Moody’s also notes that “the rating outlook is negative” for Sabine Pass...
Project Developers Release Details on Offshore New Jersey LNG Deepwater Port
Posted on May 20, 2008 in Regas Terminals & Capacity | Comments Off on Project Developers Release Details on Offshore New Jersey LNG Deepwater Port
Canadian Superior Energy, Inc., and Global LNG Inc., released details about the Liberty Natural Gas Transmission Project, an LNG deepwater port proposed for offshore New Jersey. The $550 million project will be located 15 miles off the coast of New Jersey and will be designed with an import capacity of 2.4 Bcf/d. The project is expected to come on-stream by late 2011. The news release...
Canadian Superior Energy to Announce Plans for New Jersey LNG Terminal
Posted on May 19, 2008 in Regas Terminals & Capacity | Comments Off on Canadian Superior Energy to Announce Plans for New Jersey LNG Terminal
NJ Biz reports that Canadian Superior Energy Inc., or one of its affiliates, will announce today that it will seek approval to build an offshore LNG terminal off the coast of New Jersey.
LNG Opponents Mark Anniversary of Cabrillo Port LNG Defeat
Posted on May 19, 2008 in Environmental, Regas Terminals & Capacity, State and Local Issues | Comments Off on LNG Opponents Mark Anniversary of Cabrillo Port LNG Defeat
The Ventura County Star reports that a group of LNG opponents hosted a “blessing of the ocean” event at the Ventura Harbor to mark the one-year anniversary of the defeat of the Cabrillo Port LNG project proposed for Southern...
NATS: Commercial Operations Begin at Northeast Gateway LNG Deepwater Port
Posted on May 19, 2008 in Regas Terminals & Capacity | Comments Off on NATS: Commercial Operations Begin at Northeast Gateway LNG Deepwater Port
NATS [subscription required] reports that commercial operations have begun at the Northeast Gateway LNG deepwater port. The terminal commenced operations on Saturday and is running at about 50%...
Op-Ed: Environmental and Economic Conditions Reason Against LNG Projects in Oregon
Posted on May 19, 2008 in Environmental, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: Environmental and Economic Conditions Reason Against LNG Projects in Oregon
In an op-ed carried by The Oregonian, Oregon’s Secretary of State Bill Bradbury (D) cites environmental and economic concerns in arguing that the LNG projects proposed for Oregon may not be in the best interests of Oregon’s...