NextDecade to Become Public Company After Merger
Posted on Apr 20, 2017
Privately held NextDecade, LLC (NextDecade) and Harmony Merger Corp. (Harmony) announced that they have signed a definitive agreement for a business combination transaction which would result in NextDecade becoming a publicly listed company. NextDecade is the sponsor of the proposed Rio Grande LNG export terminal project located in Brownsville, Texas, and interconnected pipeline. Harmony is a publicly traded special purpose acquisition company whose objective is to take a company public via a reverse merger....
Continue Reading
Industrial Consumer Group Urges Pause on Further LNG Exports
Posted on Apr 19, 2017
The Industrial Energy Consumers of America have sent a letter to U.S. Department of Energy (DOE) Secretary Rick Perry requesting, among other things, “a moratorium on further LNG export approvals until the definition of ‘public interest’ is fully explored, vetted, and agreed upon.” The letter alleges that recent LNG policy positions and claims made by the Center for Liquefied Natural Gas are “misleading and their [sic] position on accelerating LNG exports is inconsistent with President Trump’s ‘America First’ pledge and the desire to build a sustainable manufacturing sector with growing...
Continue Reading
Alaska LNG Project Application Filed With FERC
Posted on Apr 17, 2017
The Alaska Gasline Development Corporation announced that today it filed an application to obtain a Natural Gas Act Section 3 permit with FERC for its proposed Alaska LNG project, which is comprised of a gas treatment plant located at Prudhoe Bay, an 800-mile pipeline to Southcentral Alaska, and a natural gas liquefaction plant in Nikiski to produce LNG for export. The announcement anticipates that FERC will soon publish a schedule for the National Environmental Protection Act process in the Federal Register that outlines the time to develop a draft environmental impact statement (EIS)...
Continue Reading
FERC Authorizes Train 3 Exports from Cheniere’s Sabine Pass LNG Terminal
Posted on Mar 22, 2017
FERC has issued a letter order authorizing Cheniere Energy to commence liquefaction and export activities from Train 3 of the Sabine Pass LNG terminal in Cameron Parish, La.
Continue Reading
Resources Energy’s Proposed Alaska LNG Terminal Cancelled
Posted on Mar 22, 2017
KTVA Alaska reports that Japanese-based firm Resources Energy, Inc. (REI) has cancelled its plans to build a small, nearly $1 billion LNG plant at Port MacKenzie, Cook Inlet, Alaska due to low LNG prices. REI planned to supply LNG to two municipal and regional industrial customers in Japan.
Continue Reading
NextDecade May Become Public Company
Posted on Mar 15, 2017
Harmony Merger Corp. (Harmony) and privately held NextDecade, LLC (NextDecade) have announced that they have executed a non-binding letter of intent for a business combination transaction which would result in NextDecade becoming a publicly listed company. NextDecade is the sponsor of the proposed Rio Grande LNG export terminal project located in Brownsville, Texas, and interconnected pipeline. “Harmony is a publicly traded special purpose acquisition company whose objective is to take a company public via reverse merger.” ...
Continue Reading
Crowley and Eagle LNG Constructing LNG Bunkering Terminal in Jacksonville
Posted on Mar 15, 2017
Crowley Maritime Corp. (Crowley) and Eagle LNG Partners (Eagle) announced that Eagle has begun construction of a new LNG bunkering facility on Crowley’s property at Jaxport’s Talleyrand Marine Terminal in Jacksonville, Fla. The facility will be an LNG fueling station to serve Crowley’s new Commitment Class, LNG-powered, combination container/Roll-on Roll-off ships, which are under construction and will be used for trade between the U.S. and Puerto Rico. The Commitment Class ships will be “some of the world’s first to be powered by LNG” and are expected to begin service in the second half of...
Continue Reading