Alaska and ConocoPhillips Sign MOU to Market North Slope Gas
Posted on Sep 22, 2016
The State of Alaska, through the Alaska Gasline Development Corporation (AGDC) and ConocoPhillips Alaska Inc. have executed a Memorandum of Understanding (MOU) regarding negotiations to form a joint venture company (JV) to market LNG from the proposed Alaska LNG project to global LNG markets and acquire North Slope gas, with the goal of bringing LNG buyers and North Slope wellhead sellers together. According to the press release, AGDC and ConocoPhillips also intend to solicit the other major North Slope producers in the formation of the JV....
Continue Reading
Sabine Pass Train 2 Reaches Substantial Completion
Posted on Sep 20, 2016
Cheniere Energy announced that liquefaction Train 2 at its Sabine Pass LNG terminal in Cameron Parish, La., has reached “substantial completion.” Commissioning has been completed and construction contractor Bechtel “is turning over care, custody, and control of Train 2 to Cheniere Partners.” The turnover will be done in coordination with planned scheduled maintenance to Train 1 and other facilities. Under a sale and purchase agreement with Gas Natural Fenosa LNG GOM Ltd. (GNF), the date of first commercial delivery for Train 2 is expected to occur in August 2017. Prior to that date, GNF...
Continue Reading
DOE Releases July 2016 LNG Import and Export Data
Posted on Sep 20, 2016
The U.S. Department of Energy (DOE) has released LNG import and export data for July 2016. The report shows the following shipments of domestically produced LNG from the Sabine Pass LNG terminal in Cameron Parish, La.: one shipment to Spain for $4.51, one shipment to China for $5.60, one shipment to Jordan for $5.60, and two shipments to Chile for $5.60. Prices are at export point in dollars per MMBtu. ...
Continue Reading
Pivotal LNG and Carib Energy Reach Multi-Year Supply Agreement for Puerto Rican Company
Posted on Sep 2, 2016
Pivotal LNG announced that it has reached a multi-year agreement to sell LNG to Carib Energy LLC, a Crowley Maritime Corp. subsidiary. Crowley will transport and deliver the LNG in ISO containers from its Jacksonville, Fla. shipping terminal to Molinos de Puerto Rico, a subsidiary of Ardent Mills LLC, Puerto Rico’s “leading supplier of flour as well as wheat, corn and rice-based food ingredients.” Once delivered, the LNG will be re-gasified and used for power consumption. ...
Continue Reading
FERC Orders Approving Aguirre Offshore Gasport Challenged in Court
Posted on Aug 30, 2016
Comité Diálogo Ambiental, Inc. (“Diálogo”) has filed a petition for review with the U.S. Court of Appeals for the D.C. Circuit challenging FERC’s orders authorizing construction and operation of Aguirre Offshore GasPort, LLC’s (“Gasport”) proposed LNG import terminal on the southern shore of Puerto Rico near Salinas. Diálogo challenges FERC’s approval of Gasport “before completing the consultation process mandated by section 7 of the Endangered Species Act (“ESA”).” According to Diálogo, “FERC admits that the Gasport will adversely affect a number of protected species including highly...
Continue Reading
Producer Sponsors Not Moving Forward on Alaska LNG Project
Posted on Aug 26, 2016
Alaska Dispatch News reports that at a hearing before Alaska state legislators, ExxonMobil said it will not move forward with the front-end engineering and design, or FEED phase of development of the Alaska LNG Project, which was set to start in 2017 and was expected to cost up to $2 billion. ConocoPhillips and BP, the other two producer sponsors of the project, also indicated that they would not be moving forward with the FEED phase. The producer sponsors are in negotiations to turn over their combined 75% share in the project to the Alaska Gasline Development Corp., which currently holds...
Continue Reading
Study: Alaska LNG Project Too Expensive to be Competitive
Posted on Aug 25, 2016
Alaska Public Media reports that consulting firm Wood Mackenzie has released a study finding that in its current form, the Alaska LNG Project is too expensive to be competitive with other LNG projects proposing to serve north Asian markets. The report offers options to reduce the costs of the project, estimated to be $45 – $65 billion, including bringing in outside investors or full state ownership, which could lower federal taxes. The study results were provided to a joint hearing of the House and Senate Resources Committees on August 24, 2016....
Continue Reading