Sabine Pass LNG Trains 1 and 2 “Substantial Completion” Dates Pushed Back Two Months
Posted on Jan 26, 2016
Sabine Pass LNG has filed a report with FERC on the status of construction of its LNG export terminal in Sabine Pass, La., through December 2015. The report states that “actual project progress supports the achievement of substantial completion for Trains 1 and 2 by May 2016 and August 2016, respectively.” These dates are two months later than predicted in Sabine Pass LNG’s report covering construction activities through November 2015. The substantial completion dates for Trains 3 and 4 remain April 2017 and August 2017, respectively. ...
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Cheniere Seeks to Refinance LNG Import Terminal
Posted on Jan 26, 2016
Bloomberg reports that Cheniere Energy is seeking to refinance $2.1 billion it owes on its Sabine Pass LNG import terminal facilities in Cameron Parish, La. The import terminal came on-line in 2008-2009, just as American shale gas supplies entering the U.S. gas market caused gas prices to drop to a 16-year low of $1.68/MMBtu. According to the report, the Sabine Pass LNG terminal has never imported anywhere near its LNG import capacity. ...
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EPA Recommends FERC Revise its Guidance to LNG Project Applicants to Address Increased Gas Production and Climate Change
Posted on Jan 21, 2016
In comments submitted to FERC regarding FERC’s review of its Guidance Manual for environmental reports prepared for Natural Gas Act applicants, the U.S. Environmental Protection Agency recommends that the Guidance Manual request LNG export project applicants (1) to provide information regarding the potential for increased natural gas production and the related environmental impacts due to their projects and (2) assess the greenhouse gas emissions implications of the project. EPA requests that the Guidance Manual refer to U.S. Department of Energy documents to provide guidance on these two...
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Canadian Energy Board Grants Two Long-Term LNG Export Licenses
Posted on Jan 21, 2016
Canada’s National Energy Board (NEB) has approved New Times Energy Ltd’s application for a license to export over 25 years up to 586 Bcf/year of LNG with an additional annual tolerance of 15 percent from a floating liquefaction and LNG export terminal facility it intends to build near Port of Prince Rupert, British Columbia. The NEB also approved an application by AltaGas DCLNG General Partner Inc., on behalf of AltaGas DCLNG Lease Limited Partnership, for a license to export over 25 years up to 365 Bcf/year of LNG from a floating liquefaction and LNG export terminal facility it intends to...
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Canadian Environmental Agency Concludes Pacific NorthWest LNG Terminal Unlikely to Cause Significant Adverse Effects
Posted on Jan 19, 2016
The Globe and Mail reports that scientists from Fisheries and Oceans Canada, a federal agency, sent a letter last week to the Canadian Environmental Assessment Agency concluding that “[t]he effects of the [Pacific NorthWest LNG] marine structure on fish and fish habitat have been categorized as having a low potential of resulting in significant adverse effects.” Malaysian state oil company Petronas is the primary sponsor of the proposed Pacific NorthWest LNG export terminal near Lelu Island, British Columbia. A final investment decision for the project has not yet been...
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New Report Finds Renewable Energy Competitive to LNG for Overseas Power Generation
Posted on Jan 19, 2016
A new report from the Brattle Group finds that due to declining costs, renewable energy sources are becoming increasingly competitive to LNG for power generation in overseas markets. According to the press release, the report suggests that as a result, the predicted glut of global LNG supplies may be more than a temporary condition.
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Panama Canal Authority Issues RFP to Study Feasibility of LNG Facilities on Panama Canal Property
Posted on Jan 19, 2016
The U.S. Trade and Development Agency is sponsoring a grant to the Panama Canal Authority (ACP) for the development of a Feasibility Study to assess and plan the development of “LNG-related infrastructure to capitalize on the projected increase in LNG tanker traffic resulting from the expansion of the Panama Canal.” The ACP is soliciting U.S. firms for offers to prepare the Feasibility Study, “with specific recommendations to: (i) develop a comprehensive strategy for the development of LNG facilities on canal property; (ii) define effective policies, standards, and procedures to guide and...
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