FERC: Pre-Filing Process Not Required for Cameron LNG BOG Recapture Project
Posted on Oct 26, 2011 in Federal Regulation, Regas Terminals & Capacity | Comments Off on FERC: Pre-Filing Process Not Required for Cameron LNG BOG Recapture Project
FERC has notified Cameron LNG that the Commission’s pre-filing process is not required for the planned boil-off gas (BOG) liquefaction and recapture project planned for the Cameron LNG terminal. FERC’s letter is available in the Commission’s...
European LNG Headlines
Posted on Oct 26, 2011 in Regas Terminals & Capacity | Comments Off on European LNG Headlines
New Economy Minister Pavluts Optimistic About Convincing Baltic Neighbors to Construct LNG Terminal in Latvia (The Baltic Course)
BG and Cheniere Sign Agreement to Export U.S. Domestic Natural Gas
Posted on Oct 26, 2011 in Federal Regulation, Financing, LNG Exports, Markets and Competition | Comments Off on BG and Cheniere Sign Agreement to Export U.S. Domestic Natural Gas
Cheniere Energy and BG Group have signed an agreement to export 3.5 million tons of LNG via the Sabine Pass LNG facility for a term of 20 years. Speaking with Reuters, Cheniere CEO Charif Souki said that the deal could help pave the way for financing for the LNG liquefaction project and that the project could be ready to begin operations by 2015. Separately, FERC requested that...
Op-Ed Examines Potential Effects of Kitimat LNG’s Demands on Provincial Power Utility
Posted on Oct 25, 2011 in Canada & Mexico, LNG Exports, State and Local Issues | Comments Off on Op-Ed Examines Potential Effects of Kitimat LNG’s Demands on Provincial Power Utility
An op-ed carried in the Vancouver Sun argues that if provincial power utility BC Hydro charges large projects proposed in the area, such as the planned Kitimat LNG liquefaction project, the standard industrial rate for electricity, the payments will cover less than half of the expected costs for developing the required new power supply projects. The piece argues that the British...
New Affiliate of GE Energy to Invest in Gulf LNG Terminal Partner
Posted on Oct 25, 2011 in Financing, Regas Terminals & Capacity | Comments Off on New Affiliate of GE Energy to Invest in Gulf LNG Terminal Partner
Lightfoot Capital Partners has announced that it will buy a 48% stake in Arc LNG Holdings LLC, a firm that owns a 20% stake in the Gulf LNG regasification terminal. GE Energy Financial Services, which already owns a 50% position in the Gulf LNG terminal, will buy a 58% position in Lightfoot Capital Partners. BusinessWeek provides additional coverage. Separately, WLOX News reports that...