Magnolia LNG Extends Offtake Agreement Closing Date
Posted on Dec 8, 2016
Magnolia LNG, LLC (Magnolia) and Meridian LNG Holdings Corp have agreed to further extend the financial closing date condition precedent for their offtake agreement for LNG supplies from Magnolia’s proposed LNG terminal at Lake Charles, La. from December 31, 2016 to November 30, 2017.
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DOE Grants Magnolia LNG Non-FTA Export Authorization
Posted on Dec 7, 2016
The U.S. Department of Energy has issued an order authorizing Magnolia LNG, LLC to export, over a 20-year term, up to 394.2 Bcf/year of domestically produced LNG from its proposed LNG terminal near Lake Charles, La. to nations without a Free Trade Agreement (non-FTA) with the United States.
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ENGIE and AES Andres DR Agree to Joint Marketing Agreement
Posted on Dec 7, 2016
ENGIE and AES Andres DR, S.A. (AES Andres), a subsidiary of The AES Corporation, announced that they have agreed to enter into a 12-year binding agreement to jointly market 0.7 million tonnes per annum (mtpa) of LNG in the Caribbean. Under the agreement, ENGIE will provide up to 0.7 mtpa of LNG, primarily from the Cameron LNG terminal in Cameron Parish, La., which is expected to come on line in 2018. AES Andres will provide access to its regasification facility in the Dominican Republic, which has an annual capacity of approximately 1.5 mtpa. ...
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CME Group and ICE Planning to Launch LNG Derivatives Products
Posted on Dec 7, 2016
CNBC reports that CME Group and Intercontinental Exchange (ICE) both plan to launch LNG derivatives similar to internationally traded Brent and U.S. West Texas Intermediate crude oil futures. The CME Group and ICE benchmarks would be based on LNG shipments from the U.S. Gulf Coast, where Cheniere Energy operates the Sabine Pass LNG export terminal and other LNG export terminals are scheduled to open in the next few years....
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Port Arthur LNG Files FERC Application
Posted on Dec 2, 2016
Port Arthur LNG, LLC (Port Arthur) has filed applications with FERC for authority to construct and operate a liquefaction and LNG export terminal at the City of Port Arthur, Texas and an interconnected pipeline. The Liquefaction Project will include two liquefaction trains each capable of producing under optimal conditions 6.73 million tonnes of LNG per annum (“MTPA”) or approximately 13.5 MTPA in the aggregate. Port Arthur intends to begin construction of the Liquefaction Project in the third quarter of 2018, and expects the first liquefaction train to be completed and in service in the...
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GE Oil & Gas Invests $25 Million in Driftwood LNG Parent
Posted on Dec 2, 2016
Tellurian Investments Inc. (Tellurian), owner of Driftwood LNG, has announced that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian. The proposed Driftwood LNG export terminal would be located on the west side of the Calcasieu River, near Carlyss, Calcasieu Parish, La. Tellurian President and CEO Meg Gentle said in a press release: “This investment represents another step forward in the development of Driftwood LNG, where we are working together with GE to design the lowest cost liquefaction for the global market. GE Oil & Gas has provided technology for...
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DOE Grants Carib Energy Non-FTA LNG Export Authority
Posted on Nov 28, 2016
Today, the U.S. Department of Energy (DOE) issued an order authorizing Carib Energy (USA) LLC to export over a 20-year period 1.3 Bcf/year (0.004 Bcf/day) of LNG in ISO containers to nations in Central America, South America, or the Caribbean that do not have a Free Trade Agreement with the United States. The LNG can be sourced from the following five existing natural gas liquefaction facilities owned and operated by Pivotal LNG, Inc. or by one of Pivotal’s affiliates: the Trussville LNG Facility (Trussville, Alabama), the Chattanooga LNG Facility (Chattanooga, Tennessee), the Riverdale LNG...
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