Cheniere Submits Petition for Declaratory Order on LNG Terminal Buy/Sell Arrangement
Posted on May 27, 2011 in Federal Regulation, LNG Exports, Regas Terminals & Capacity | Comments Off on Cheniere Submits Petition for Declaratory Order on LNG Terminal Buy/Sell Arrangement
Cheniere subsidiary Sabine Pass Liquefaction, LLC has submitted a Request for Declaratory Order from FERC declaring that Cheniere’s proposal to offer bi-directional LNG import and export services, including transportation on the Creole Trail interstate pipeline, at the Sabine Pass LNG facility does not violate FERC’s capacity release rules, particularly the rules prohibiting...
Cheniere Ready to Consider Minority Stake in Lithuanian LNG Regasification Project
Posted on May 27, 2011 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere Ready to Consider Minority Stake in Lithuanian LNG Regasification Project
Reuters reports that Jean Abiteboul of Cheniere Energy told the Baltic News Service that Cheniere would consider taking a small equity stake in the planned Klaipedos Nafta LNG import terminal in Lithuania. According to Abiteboul, Cheniere might take a 10-20% stake in the Lithuanian project if it were...
Ship Owner Sees Very Tight Market for Global LNG Tanker Fleet
Posted on May 26, 2011 in Markets and Competition, Vessel Transportation | Comments Off on Ship Owner Sees Very Tight Market for Global LNG Tanker Fleet
Ulf Ryder of Stena Bulk, a shipping company, told Reuters (carried via the Calgary Herald) that he has found the spot market for LNG tankers to be extremely tight at the moment. “There are too few vessels to cover all this physical movement [of LNG],” Ryder said. He went on to say that he has turned down contracts for LNG tankers at $110,000 per day seeking closer to...
Pacific Rubiales, EXMAR to Develop LNG Export Project Offshore Northern Columbia
Posted on May 26, 2011 in Liquefaction, Vessel Transportation | Comments Off on Pacific Rubiales, EXMAR to Develop LNG Export Project Offshore Northern Columbia
Pacific Rubiales, a Canadian and Columbian company, announced yesterday that it will partner with EXMAR to develop an LNG export project in Northern Columbia. According to the press release, the project would include a pipeline from the La Crecienta gas field to the Caribbean coast as well as the installation of a small-scale liquefaction and regasification...
Indonesian Official: BP May Divert Some LNG Supply Originally Pegged for Delivery to Sempra LNG
Posted on May 26, 2011 in Liquefaction, Markets and Competition | Comments Off on Indonesian Official: BP May Divert Some LNG Supply Originally Pegged for Delivery to Sempra LNG
Bloomberg reports that an official with Indonesia’s Energy and Mineral Resources Ministry told reporters that BP may divert LNG volumes originally contracted to be delivered to Sempra LNG’s North American terminals to a planned regasification terminal in North...