BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project
Posted on May 31, 2019 in Federal Regulation, Liquefaction, LNG Exports, State and Local Issues | Comments Off on BP and ExxonMobil to Contribute $20 million Toward FERC Approval of Alaska LNG Project
Platts reports that North Slope producers BP and ExxonMobil have agreed to contribute $10 million each to help the state of Alaska complete the FERC approval process for the proposed $41 billion Alaska LNG project. According to the report, state-owned Alaska Gasline Development Corporation needs $30 million and another year to complete the FERC approval process. The proposed Alaska LNG...
Oregon DEQ Denies Water Permit for Jordan Cove Project
Posted on May 9, 2019 in Environmental, Liquefaction, LNG Exports, Pipelines, State and Local Issues | Comments Off on Oregon DEQ Denies Water Permit for Jordan Cove Project
The Oregon Department of Environmental Quality (DEQ) has denied, “at this time,” Jordan Cove Energy Project’s (Jordan Cove) application for a Section 401 Water Quality Certification. DEQ’s approval is required for the U.S. Army Corps of Engineers to issue permits for Jordan Cove’s proposed liquefaction and LNG export terminal at Coos Bay, Ore. and an interconnected pipeline. The denial...
LNG Canada to Pursue Project Despite Protests Against Feeder Pipeline
Posted on Jan 15, 2019 in Canada & Mexico, Liquefaction, LNG Exports, Pipelines, State and Local Issues | Comments Off on LNG Canada to Pursue Project Despite Protests Against Feeder Pipeline
Andy Calitz, CEO of LNG Canada, released a statement saying that “[d]espite opposition Coastal GasLink is currently facing, LNG Canada has every intention to continue to advance our project and maintain our construction schedule to deliver jobs and economic benefits to First Nations, local residents and British Columbians.” Coastal GasLink is the proposed pipeline that would provide...
Bank of China and Goldman Sachs to Help Raise Funds for Alaska LNG Project
Posted on Apr 2, 2018 in Financing, Liquefaction, LNG Exports, State and Local Issues | Comments Off on Bank of China and Goldman Sachs to Help Raise Funds for Alaska LNG Project
Last week, the Alaska Gasline Development Corporation (AGDC) announced that it has engaged Bank of China Limited (Bank of China) and Goldman Sachs & Co. LLC (Goldman Sachs) to serve as lead global capital coordinators for AGDC’s Alaska LNG project. Bank of China and Goldman Sachs will assist AGDC with raising equity and debt financing for the continued development of the Alaska LNG...
Alaska LNG Project Concludes Capacity Solicitation
Posted on Sep 7, 2017 in Markets and Competition, State and Local Issues | Comments Off on Alaska LNG Project Concludes Capacity Solicitation
The Alaska Gasline Development Corporation (AGDC) announced that it has concluded the capacity solicitation process for foundation customer capacity on the proposed Alaska LNG Project, which is comprised of, among other components, an 800-mile pipeline and an LNG export terminal. The press release states that “an Alaska producer submitted a conforming intent to subscribe for capacity...
Open Season Underway for Alaska LNG Capacity
Posted on Jun 21, 2017 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Open Season Underway for Alaska LNG Capacity
Alaska Gasline Development Corp. (AGDC) has announced the commencement of a foundation customer capacity solicitation to determine the foundation customers who wish to reserve capacity on the proposed Alaska LNG Project. “The capacity solicitation presents an opportunity for North Slope gas resource owners and other qualified parties to subscribe to capacity on the Alaska LNG system.”...