Gazprom CEO: LNG Shipments to North America Will Begin When Price is Right
Posted on Feb 18, 2011 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom CEO: LNG Shipments to North America Will Begin When Price is Right
Alexander Medvedev, CEO of Russia’s Gazprom, said yesterday that Gazprom is ready to begin regular gas shipments to North America via the Costa Azul LNG facility in Baja California, but that the company is waiting for market conditions to improve. The Itar-Tass News Agency provides further...
Analysis: Cheniere Energy Partners Presents Risks to Shareholders
Posted on Feb 18, 2011 in Financing, LNG Exports | Comments Off on Analysis: Cheniere Energy Partners Presents Risks to Shareholders
An analysis in today’s Wall Street Journal [subscription required] examines the risks associated with Cheniere Energy Partners, the owner of the Sabine Pass LNG facility. The piece notes that despite ongoing negotiations with potential customers for LNG liquefaction capacity, construction costs combined with existing debt could limit financial benefits to...
Texas Senator Offers Support for Freeport LNG Export Proposal
Posted on Feb 17, 2011 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on Texas Senator Offers Support for Freeport LNG Export Proposal
Senator John Cornyn (R-Tex.) offered his support for the proposed Freeport LNG export project in a letter to U.S. Sec. of Energy Steven Chu and FERC Chairman Jon Wellinghoff. The letter, available in the FERC eLibrary under Docket No. PF11-2, states that the project will provide numerous economic benefits and that the regulatory review process should be completed...
Massachusetts, Rhode Island Residents Meet to Discuss Opposition to Weaver’s Cove LNG Project
Posted on Feb 17, 2011 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Massachusetts, Rhode Island Residents Meet to Discuss Opposition to Weaver’s Cove LNG Project
The Herald News (Fall River, Mass.) reports that Massachusetts and Rhode Island local officials and residents met yesterday to discuss their continuing opposition to the Weaver’s Cove LNG import project at the second Congress of Councils. Fall River Mayor Will Flanagan reiterated his opposition to the project and his hope that other communities would continue their opposition as...
Cheniere, Endesa, and Enel Trade Sign MOU for Bi-Directional LNG Processing at Sabine Pass Facility
Posted on Feb 17, 2011 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere, Endesa, and Enel Trade Sign MOU for Bi-Directional LNG Processing at Sabine Pass Facility
This morning Cheniere Energy’s subsidiary, Sabine Pass Liquefaction, LLC, announced that it has signed a non-binding memorandum of understanding (MOU) with Endesa, S.A., and Enel Trade, S.p.A. Under the terms of the MOU, the companies have agreed to negotiate definitive agreements for up to 1.5 Mtpa of bi-directional LNG processing capacity at the Sabine Pass LNG...