Foreign Affairs Committee Chairman Criticizes OMV’s Deal with Iran
Posted on Apr 25, 2007 in Financing, Policy, Legislation and Politics | Comments Off on Foreign Affairs Committee Chairman Criticizes OMV’s Deal with Iran
The International Herald-Tribune reports that U.S. Rep. Tom Lantos (D-CA), Chairman of the House Committee on Foreign Affairs, said Tuesday that he is outraged by the proposed LNG export deal between Iran and Austria’s oil and gas firm OMV. Rep. Lantos said that if the deal is finalized, OMV could face U.S. sanctions under either the Iran Sanctions Act or new legislation that he...
FERC Officials Tour Potential Downeast and Quoddy Bay Terminal Sites
Posted on Apr 25, 2007 in Federal Regulation, Regas Terminals & Capacity, State and Local Issues | Comments Off on FERC Officials Tour Potential Downeast and Quoddy Bay Terminal Sites
FERC officials joined personnel from Downeast LNG and Quoddy Bay LNG to tour the respective sites of the companies’ proposed LNG terminals. Some Passamaquoddy Tribe protestors met the officials when they arrived at Pleasant Point, the site of Quoddy Bay’s planned terminal. The Bangor Daily News provides further...
Bill Introduced to Give States Veto Power Over Onshore LNG Terminal Sites
Posted on Apr 25, 2007 in Federal Regulation, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Bill Introduced to Give States Veto Power Over Onshore LNG Terminal Sites
U.S. Senators Barbara Mikulski (D-MD) and Benjamin Cardin (D-MD) have introduced S. 1174, a bill designed to give affected states the right to veto applications to construct or expand LNG terminals. The measure would amend the Natural Gas Act to prohibit FERC from approving any onshore proposal “without the express concurrence” of each affected state. Under the Deepwater...
U.S. House Subcommittee Hearing: Testimony and Staff Summary
Posted on Apr 24, 2007 in Federal Regulation, Marine Regulation, Policy, Legislation and Politics, Safety & Security | Comments Off on U.S. House Subcommittee Hearing: Testimony and Staff Summary
LNGLawBlog attended the hearing of the House Subcommittee on Coast Guard and Maritime Transportation held yesterday, April 23, 2007, and obtained copies of the written testimony and staff summary: •Staff Summary •AES Testimony •Dunbar Brooks Testimony •FERC Testimony •MEBA Testimony •Sen. Mikulski Testimony •Gov. O’Malley Testimony •Coast Guard Testimony •Baltimore County...
U.S. Government Seeks to Dissuade Austrian Firm from Investing in Iran
Posted on Apr 24, 2007 in Federal Regulation, Financing, Policy, Legislation and Politics | Comments Off on U.S. Government Seeks to Dissuade Austrian Firm from Investing in Iran
According to an AFP report cited in Platts LNG Daily, the U.S. State Department will attempt to dissuade Austria’s largest oil and gas firm, OMV, from finalizing a $30 billion LNG export deal with Iran. If OMV completes the deal, it could trigger sanctions under the Iran Sanctions Act (2006), which imposes economic sanctions on corporations that make significant investments in...