Petronas to Sell 25% Stake in Proposed B.C. LNG Terminal
Posted on Feb 25, 2014 in Canada & Mexico, LNG Exports | Comments Off on Petronas to Sell 25% Stake in Proposed B.C. LNG Terminal
Reuters reported that Malaysian oil company Petronas has agreed to sell an additional 25% share in its affiliate Progress Energy Resources’ Canadian shale gas assets and proposed LNG project. An Economic Times report states that Indian Oil Corporation will purchase a 10% share for $900 million, and the remaining 15% may be purchased by an undisclosed Chinese company. Petronas...
DOE Approves Delfin LNG Exports to FTA Nations
Posted on Feb 24, 2014 in Federal Regulation, LNG Exports | Comments Off on DOE Approves Delfin LNG Exports to FTA Nations
The U.S. Department of Energy (DOE) has approved Delfin LNG’s (Delfin) application to export, on its own behalf and as agent for others, 657.5 Bcf/year (1.8 Bcf/day) of LNG over a 20-year period to nations with a Free Trade Agreement (FTA) with the United States calling for national treatment for trade in natural gas. Delfin will export the LNG from a proposed floating LNG terminal...
Japanese Concerned With Further Delays On B.C. LNG Tax Details
Posted on Feb 21, 2014 in Canada & Mexico, LNG Exports | Comments Off on Japanese Concerned With Further Delays On B.C. LNG Tax Details
The Globe and Mail reports that Keisuke Tsujimoto, the Vancouver-based manager for the Japan Oil, Gas and Metals National Corp., a branch of Japan’s energy ministry, has expressed concerns with the British Columbia (B.C.) Government’s plans to develop an LNG industry. Mr. Tsujimoto’s reservations arise from the announcement that while enough information on the proposed LNG tax should...
Article Discusses Risks and Rewards of State Participation in Alaska LNG Project
Posted on Feb 21, 2014 in LNG Exports, State and Local Issues | Comments Off on Article Discusses Risks and Rewards of State Participation in Alaska LNG Project
An article in the Alaska Journal of Commerce discusses the benefits and risks of Alaska’s participation in the Alaska LNG project. Benefits include up to $3 billion/year in new revenues; risks include increased construction costs, a drop in gas prices so as to make the project uneconomical, and risks related to take-or-pay...
Canadian National Energy Board Approves Jordan Cove LNG Gas Export License
Posted on Feb 21, 2014 in Canada & Mexico, LNG Exports | Comments Off on Canadian National Energy Board Approves Jordan Cove LNG Gas Export License
Yesterday, the National Energy Board of Canada issued an order approving Jordan Cove LNG L.P.’s application to export 1.55 Bcf/day of natural gas over 25 years from Canada into the United States. The gas volumes would be transported via existing pipelines that cross the Canada/United States border near Kingsgate and Huntingdon, British Columbia. Jordan Cove LNG ultimately intends to...