Liquefied Natural Gas Limited Signs EPC Term Sheet with SK Engineering
Posted on Jul 14, 2014 in LNG Exports | Comments Off on Liquefied Natural Gas Limited Signs EPC Term Sheet with SK Engineering
Liquefied Natural Gas Limited has signed an Engineering, Procurement & Construction (EPC) Contract Term Sheet with SK Engineering and Construction for the Magnolia LNG project. John Baguley, Magnolia LNG Chief Operating Officer said “The EPC Term Sheet will materially assist in the early drafting of the LSTK EPC Contract and pave the way for a much shorter negotiation and...
Senators Hoeven, McCain, Murkowski, and Barrasso Introduce the North Atlantic Energy Security Act
Posted on Jul 14, 2014 in Federal Regulation, Policy, Legislation and Politics | Comments Off on Senators Hoeven, McCain, Murkowski, and Barrasso Introduce the North Atlantic Energy Security Act
Senators John Hoeven (R-N.D.), John McCain (R-Ariz.), Lisa Murkowski (R-Ala.) and John Barrasso (R-Wyo.) introduced The North Atlantic Energy Security Act, a bill that aims to streamline the approval process for liquefied natural gas (LNG) production and infrastructure development projects. The law would reform the leasing process for onshore oil and natural gas projects on federal...
Enbridge Says Alaskan Pipeline Could Be Ready by 2020
Posted on Jul 14, 2014 in Canada & Mexico, LNG Exports, Pipelines | Comments Off on Enbridge Says Alaskan Pipeline Could Be Ready by 2020
Enbridge is in discussions with Alaska to build an $8 billion natural gas pipeline if a competing project fails. Enbridge would be the builder and operator of a 1,163 kilometer pipeline that would carry natural gas from the North Slope to Fairbanks and other parts of southern...
Exelon Corp. Acquires 96 Percent Interest in Annova LNG
Posted on Jul 11, 2014 in Financing, LNG Exports | Comments Off on Exelon Corp. Acquires 96 Percent Interest in Annova LNG
Bloomberg News reports that Exelon Corp. has purchased a 96 percent share in Annova LNG. Annova LNG is currently developing a $1.3 billion LNG export terminal in Brownsville, Texas. At these facilities, Annova will shrink gas to 1/600th of its original volume through a refrigeration process. The terminal is expected to ship 2 million tons of gas per year and could eventually triple...
Report Questions Canada’s Preparedness for Future LNG Market
Posted on Jul 11, 2014 in Canada & Mexico, Federal Regulation, LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on Report Questions Canada’s Preparedness for Future LNG Market
A report published in July 2014 by the University of Calgary, School of Public Policy says there is a serious risk of Canada losing out on a large share of the global LNG market. The market for natural gas in the Asia-Pacific region is expected to increase over 60% by 2025, and LNG is predicted to comprise almost 66% of the global gas market by 2035. These opportunities would open a...