Local Group Sends Open Letter to Hess Shareholders Urging Opposition to Weaver’s Cove LNG Project
Posted on Nov 16, 2010 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Local Group Sends Open Letter to Hess Shareholders Urging Opposition to Weaver’s Cove LNG Project
Save The Bay, a local group opposed to the Weaver’s Cove LNG import project, has drafted an open letter to shareholders of Hess Corporation, the developer of the Weaver’s Cove project, urging them to oppose the LNG project. The letter highlights regulatory challenges faced by the project, political opposition to the project, and questions whether the region’s energy...
El Paso to Sell Elba Island LNG Terminal, Stake in Gas Pipelines to Affiliate
Posted on Nov 16, 2010 in Financing, Regas Terminals & Capacity | Comments Off on El Paso to Sell Elba Island LNG Terminal, Stake in Gas Pipelines to Affiliate
Yesterday El Paso Corp. announced that it will sell its full ownership of Southern LNG Co., the owner of the Elba Island LNG import terminal, as well as the complete ownership of El Paso Elba Express Co., to El Paso Pipeline Partners LP. El Paso Corp. also will sell its 60 percent stake in Southern Natural Gas Co. According to Bloomberg, the total value of the transaction is $1.13...
LNG Regasification Terminal Planned for Cuba
Posted on Nov 12, 2010 in Regas Terminals & Capacity | Comments Off on LNG Regasification Terminal Planned for Cuba
Platts LNG Daily reports that Venezuela’s national oil company PDVSA plans to partner with Cuban firm Cupet to develop an LNG regasification terminal in southern Cuba. The project as presently envisioned would provide more than 90 Bcf/y in LNG regasification capacity. [Subscription...
Cheniere, ENN Energy Trading Sign MOU for Capacity at Sabine Pass LNG Facility
Posted on Nov 11, 2010 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere, ENN Energy Trading Sign MOU for Capacity at Sabine Pass LNG Facility
Chinese company ENN Energy Trading Co., Ltd. and Sabine Pass Liquefaction, LLC, a subsidiary of Cheniere Energy Partners, L.P., have signed a Memorandum of Understanding allowing the parties to negotiate definitive agreements for ENN Energy Trading to secure bi-directional LNG processing capacity at the Sabine Pass facility. According to Cheriere’s press release, the definitive...
FERC Says Pre-Filing Process Not Required for Modifications to Sabine Pass LNG Facility
Posted on Nov 10, 2010 in Federal Regulation, Pipelines, Regas Terminals & Capacity | Comments Off on FERC Says Pre-Filing Process Not Required for Modifications to Sabine Pass LNG Facility
Responding to a previous inquiry from Sabine Pass LNG, L.P., FERC said yesterday that pre-filing procedures are not required for the proposed installation and operation of spare gas pipeline compressors at the Sabine Pass LNG terminal. FERC’s determination is available in the Commission’s...