Veresen Applies for NEB Gas Export License for Jordan Cove LNG Export Supplies
Posted on Sep 10, 2013 in Canada & Mexico | Comments Off on Veresen Applies for NEB Gas Export License for Jordan Cove LNG Export Supplies
Veresen Inc. (Veresen) announced today that it has filed an application with the National Energy Board (NEB) for a long-term license to export natural gas from Canada to the United States to supply Veresen’s proposed Jordan Cove LNG export terminal at Coos Bay, Ore. According to the press release, the NEB application requests an export volume of 1.55 Bcf/day for 25 years,...
Freeport LNG Signs Tolling Agreements with Toshiba and South Korean Company
Posted on Sep 9, 2013 in LNG Exports, Markets and Competition | Comments Off on Freeport LNG Signs Tolling Agreements with Toshiba and South Korean Company
Freeport LNG Expansion, L.P. (Freeport LNG) announced that it has entered into binding 20-year Liquefaction Tolling Agreements (LTA) with Toshiba Corporation (Toshiba) and SK E&S LNG, LLC (SK), each for a base quantity of 2.2 million tons per annum, commencing upon completion of construction of the third train of Freeport LNG’s proposed export terminal on Quintana Island near...
Article Sheds Light on Golar/EXMAR Canadian LNG Barge Dispute
Posted on Sep 5, 2013 in Canada & Mexico | Comments Off on Article Sheds Light on Golar/EXMAR Canadian LNG Barge Dispute
An article in Upstream sheds light on the apparent dispute between Golar LNG and EXMAR regarding EXMAR’s signing of a letter of intent (LOI) to provide a floating liquefaction and storage unit (FLSU) for the BC LNG project in British Columbia. According to the article, a “final investment decision on BC LNG, previously known as Douglas Channel, is set to be taken by the end of this...
Report on Status of Canaport LNG Import Terminal
Posted on Sep 5, 2013 in Canada & Mexico, Markets and Competition, Uncategorized | Comments Off on Report on Status of Canaport LNG Import Terminal
The Globe and Mail provides a report on the status of the Canaport LNG import terminal in Saint John, New Brunswick, Canada. The report observes that due to U.S. shale gas production, Canaport “now operates at a small fraction of its name-plated 1.2-billion-cubic-feet-a-day capacity, with only the occasional ship docking at the...
Widened Panama Canal Will Enable U.S. LNG Supplies to Capture Asian Market Share
Posted on Sep 5, 2013 in Markets and Competition | Comments Off on Widened Panama Canal Will Enable U.S. LNG Supplies to Capture Asian Market Share
The Financial Post reports that widening of the Panama Canal, to be completed in 2015, will enable U.S. LNG supplies to reach Asian markets at lower costs than some potential competitors. Other factors favoring U.S. LNG supplies in the Asian market are lower development costs for U.S. LNG export terminals and the possible de-linking of U.S. LNG prices from oil...