Woodfibre LNG Receives Favorable Environmental Decision
Posted on Mar 21, 2016
The Honourable Catherine McKenna, Canada’s Minister of Environment and Climate Change, announced that the proposed Woodfibre LNG export terminal (Woodfibre), located near Squamish, British Columbia, is not likely to cause significant adverse environmental effects. The Environmental Assessment Decision Statement on the project establishes legally binding conditions, including mitigation measures and follow-up requirements which Woodfibre must comply with over the life of the project. Read more in The Globe and Mail article....
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DOE Grants Cameron LNG Authority to Export Additional Non-FTA Volumes
Posted on Mar 18, 2016
Today, the U.S. Department of Energy issued a Final Opinion and Order authorizing Cameron LNG to export an additional 152 Bcf/year of LNG over 20 years from its export terminal under construction in Cameron Parish, La. to nations without a Free Trade Agreement (non-FTA) with the United States. Cameron LNG is now authorized to export a total of 772 Bcf (14.95 million metric tons)/year of LNG to non-FTA nations from Liquefaction Trains 1, 2, and 3 at its Cameron Terminal....
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Repsol’s Canaport LNG Terminal Conversion to Exports Put on Hold
Posted on Mar 17, 2016
CBC News reports that Repsol has put on hold its proposal to convert the Canaport LNG import terminal in New Brunswick, Canada into an export terminal. The company attributed the decision to its inability to find outside investors and current market conditions, which make the conversion uneconomical.
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Veresen Responds to FERC Order Denying Jordan Cove Energy Project’s LNG Terminal Application
Posted on Mar 14, 2016
Veresen Inc., sponsor of the proposed Jordan Cove Energy Project LNG export terminal at Coos Bay, Ore, released a statement in response to FERC’s order issued Friday, which rejected the application to construct the terminal and interconnected pipeline. Dan Althoff, President and CEO of Veresen, said “Clearly, we are extremely surprised and disappointed by the FERC decision … FERC appears to be concerned that we have not yet demonstrated sufficient commercial support for the projects. We will continue to advance negotiations with customers to address this concern.” The statement indicates...
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FERC Denies Jordan Cove Energy Project’s Application to Construct LNG Export Terminal
Posted on Mar 11, 2016
Today, FERC issued an order denying Jordan Cove Energy Project’s application to construct an LNG export terminal at Coos Bay, Ore. and Pacific Connector Gas Pipeline’s application to construct an interconnected pipeline. Regarding the interconnected pipeline, FERC found that “Pacific Connector has presented little or no evidence of need” for the pipeline, stating that “Pacific Connector has neither entered into any precedent agreements for its project, nor conducted an open season, which might (or might not) have resulted in ‘expressions of interest’ the company could have claimed as...
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Veresen Still Looking for First Customer for Jordan Cove LNG Export Terminal
Posted on Mar 11, 2016
Financial Post reports that executives from Veresen Inc., sponsor of the proposed Jordan Cove Energy Project LNG export terminal at Coos Bay, Ore., recently stated that the company is still looking to sign up its first customer for the LNG supplies to be produced and exported at the terminal.
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EIA Projects Record High Natural Gas Production and Consumption for 2016
Posted on Mar 9, 2016
Reuters reports that U.S. natural gas production in 2016 is expected to reach a record high of 79.68 Bcf/day according to the U.S. Energy Information Administration’s (EIA) March 2016 Short-Term Energy Outlook. The forecast would be the sixth consecutive annual record high for U.S. gas production. Natural gas consumption is projected to increase to 76.79 Bcf/day, which would be the seventh consecutive annual record high. LNG gross exports are projected to increase to 0.5 Bcf/day in 2016 as a result of the recent startup of Cheniere Energy’s Sabine Pass LNG export terminal in...
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