Louisiana Supreme Court Declines to Consider Port’s Appeal of Lease for LNG Terminal Site
Posted on Nov 30, 2010 in Litigation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Louisiana Supreme Court Declines to Consider Port’s Appeal of Lease for LNG Terminal Site
Earlier this month, the Louisiana Supreme Court declined to consider West Cameron Port’s appeal of the Port of Lake Charles’ lease to Sempra LNG for the construction of the Cameron LNG facility. According to WXVT.com, the Third Circuit Court of Appeal ruled 3-2 that the Port of Lake Charles had authority to lease part of its property to Sempra...
City Officials Seek Additional Safety Information Regarding Elba Island LNG Trucking Proposal
Posted on Nov 30, 2010 in Regas Terminals & Capacity, State and Local Issues | Comments Off on City Officials Seek Additional Safety Information Regarding Elba Island LNG Trucking Proposal
Officials with the City of Savannah have requested that Southern LNG describe in detail hazard zones surrounding the delivery routes contemplated in connection with the company’s plan to distribute LNG via truck from the Elba Island LNG terminal throughout the U.S. Southeast. According to the Savannah Morning News, Southern LNG has not offered this information to date and has...
Cheniere and Gas Natural Fenosa Sign MOU for LNG Processing at Sabine Pass Facility
Posted on Nov 30, 2010 in LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere and Gas Natural Fenosa Sign MOU for LNG Processing at Sabine Pass Facility
Yesterday Cheniere Energy Partners, L.P. and Gas Natural Fenosa announced that they have agreed to a non-binding Memorandum of Understanding (MOU) that would grant Gas Natural Fenosa 1.5 Mtpa of bi-directional LNG processing capacity at the Sabine Pass LNG facility. The agreement is contingent upon a number of conditions precedent, including Cheniere securing the necessary regulatory...
Weaver’s Cove Energy Responds to Senators’ Efforts to Block LNG Project Approval
Posted on Nov 29, 2010 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Weaver’s Cove Energy Responds to Senators’ Efforts to Block LNG Project Approval
The CEO of Weaver’s Cove Energy, Gordon Shearer, has submitted a letter to the Senate Appropriations Subcommittee on Energy and Water Development encouraging lawmakers to allow the federal permitting process for the proposed Weaver’s Cove LNG terminal to continue. Earlier this month, the U.S. Senators from Massachusetts and Rhode Island asked their colleagues on the...
Moody’s Downgrades Sabine Pass LNG
Posted on Nov 29, 2010 in Financing, Regas Terminals & Capacity | Comments Off on Moody’s Downgrades Sabine Pass LNG
Last week Moody’s Investors Service downgraded its rating of certain debt instruments issued by Sabine Pass LNG to B3 and, according to Platts LNG Daily [subscription required], placed the company under further review for future ratings...