New Report Assesses Future LNG Pricing
Posted on Mar 21, 2013 in Markets and Competition | Comments Off on New Report Assesses Future LNG Pricing
A new report from Ernst & Young examines future world pricing of LNG and predicts “gradual but partial” movement away from oil-indexed LNG prices to spot- or hub-based pricing as competition among LNG suppliers increases. Read more in the press...
GAO Releases Report on Modifying the Jones Act as Applied to Puerto Rico
Posted on Mar 21, 2013 in Vessel Transportation | Comments Off on GAO Releases Report on Modifying the Jones Act as Applied to Puerto Rico
This week, the U.S. Government Accountability Office (GAO) released a report on the potential effects of modifying the Jones Act shipping law as applied to U.S. mainland trade with Puerto Rico. The report concluded that the effects would be highly uncertain and involve various policy tradeoffs, with the potential for harm to the U.S. merchant marine fleet that the Act was designed to...
FERC Initiates Magnolia LNG Pre-filing Procedures
Posted on Mar 21, 2013 in Environmental, Federal Regulation, LNG Exports | Comments Off on FERC Initiates Magnolia LNG Pre-filing Procedures
FERC issued an order granting Magnolia LNG, LLC’s request to begin pre-filing environmental review of Magnolia’s proposed LNG export facility in the Port of Lake Charles, La. FERC’s order can be found on eLibrary under Docket No....
Sabine Pass Files Construction Status Report
Posted on Mar 20, 2013 in Federal Regulation, LNG Exports | Comments Off on Sabine Pass Files Construction Status Report
Sabine Pass LNG LP (SPLNG) filed its February 2013 status report on the construction of its liquefaction and export terminal project in Cameron Parish, La. SPLNG reports that engineering is now 47.0% complete, procurement is 36.0% complete, and the overall project completion is 22.0%. SPLNG states that the overall project schedule is progressing ahead of the contractual schedule basis,...
House Republicans Press DOE on LNG Export Timetable
Posted on Mar 20, 2013 in LNG Exports, Policy, Legislation and Politics | Comments Off on House Republicans Press DOE on LNG Export Timetable
Energy Law360 reports that at a House Oversight Committee hearing held yesterday, several Republican U.S. Representatives urged the U.S. Department of Energy (DOE) to approve pending LNG export applications and criticized DOE Acting Assistant Secretary for Fossil Energy Chris Smith for failing to provide a timetable for DOE’s consideration of such applications. Smith responded...