Downeast LNG Up for Sale
Posted on May 19, 2016
Downeast LNG, sponsor of a proposed 3 million ton/year liquefaction and LNG import/export terminal near Robbinston, Maine, announced that the company will be put up for sale as of July 1, 2016. According to the press release, Downeast LNG’s majority shareholder is energy private equity manager Yorktown Partners, which manages approximately $7 billion in energy investments....
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Eagle LNG to Construct Liquefaction Plant to Supply Crowley Ships
Posted on May 18, 2016
Eagle LNG announced that it has begun the construction process for a 200,000 gallons/day (87,000 gallons/day initially) natural gas liquefaction plant in West Jacksonville, Fla., which is anticipated to be operational by early 2017. The LNG will be used to supply Crowley’s new LNG-powered Commitment Class ships for trade between the U.S. mainland and Puerto Rico and also available for sale to both domestic clients in the southeast United States and Caribbean island customers looking for containerized LNG supply....
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JOVO Group and SCT&E LNG Sign Cooperation Agreement
Posted on May 17, 2016
The JOVO Group and SCT&E LNG, Inc., announced today that they signed a long-term, multibillion-dollar agreement that they state “is a first of its kind between a U.S. LNG developer and a private Chinese LNG terminal owner.” According to the press release, the agreement provides for long-term offtake of LNG from the future SCT&E LNG export terminal to be built on Monkey Island in Cameron Parish, La., and a potential equity investment into the SCT&E LNG facility by the JOVO Group. The LNG supplies would be sent to markets in Southern China, primarily to the Guandong Province....
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Ex-Cheniere Energy CEO Charif Souki’s New Company, Driftwood LNG, Requests Initiation of Pre-Filing Review Process for Louisiana Terminal
Posted on May 13, 2016
Driftwood LNG LLC and Driftwood LNG Pipeline LLC (together, Driftwood) have filed a request with FERC to initiate the pre-filing environmental review process for a 26 million tonnes/year LNG production and export facility on the west side of the Calcasieu River near Carlyss, Calcasieu Parish, La. and an interconnected pipeline. Driftwood anticipates the project to be operational in 2025. Driftwood is a subsidiary of Tellurian LNG LLC, founded by ex-Cheniere Energy CEO Charif Souki and Martin Houston, founding partner and former head of Houston-based LNG developer Parallax...
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DOE Releases First Quarter LNG Import/Export Data
Posted on May 13, 2016
The U.S. Department of Energy’s (DOE) Office of Fossil Energy has released data covering U.S. LNG imports and exports for the First Quarter of 2016. The report shows that four vessel-borne commissioning cargoes of domestically-produced LNG, totaling 11.5 million Mcf, were exported from the Sabine Pass LNG terminal in Cameron Parish, La. to Brazil, India and United Arab Emirates. The spot-purchased cargoes were sold at export point prices, also known as free on board (FOB) prices, ranging from $3.35 to $3.77/MMBtu. The report also indicates that American LNG Marketing, LLC exported 4,460...
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AltaGas/Idemitsu Suspend Joint Triton LNG Project
Posted on May 12, 2016
The Canadian Press reports that AltaGas Ltd’s joint venture partner, Idemitsu Kosan Co. (Idemitsu), stated in its recent annual financial report that it has suspended work on the proposed Triton LNG export terminal that was planned at Kitimat or Prince Rupert, British Columbia (B.C.). The joint venture also suspended work on its proposed Douglas Channel Project in B.C. this past February due to poor market conditions. Idemitsu stated that it will try to increase exports of propane from the Ferndale terminal in Washington state to Japan through the Petrogas Energy Corp that it controls with...
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MARAD Approves Surrender of Port Dolphin Energy Deepwater Port License
Posted on May 11, 2016
The U.S. Maritime Administration (MARAD) has granted Port Dolphin Energy’s request to surrender and terminate its Deepwater Port License authorizing it to own, construct and operate an LNG deepwater port approximately 28 miles off the western coast of Florida, and approximately 42 miles from Port Manatee, Manatee County, Florida. In October 2015, FERC granted Port Dolphin Energy’s request to vacate its certificate authority to construct and operate the onshore portion of a pipeline, which would interconnect to Port Dolphin Energy’s proposed deepwater port LNG import terminal due to market...
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