Pivotal LNG to Sell LNG to Carib Energy for Transport to Puerto Rico
Posted on Sep 24, 2014 in Marine Regulation | Comments Off on Pivotal LNG to Sell LNG to Carib Energy for Transport to Puerto Rico
Pivotal LNG, Inc. (“Pivotal”) has announced that it has entered into a long-term agreement to sell LNG to Crowley Maritime Corp. (“Crowley”) subsidiary Carib Energy LLC (“Carib”), for use by Carib’s customers in Puerto Rico. According to the press release, the LNG would be transported from Pivotal’s facilities via ISO containers loaded onto trucks to Crowley’s...
LNG Export Terminal Possible for Galveston
Posted on Sep 24, 2014 in LNG Exports, Markets and Competition, State and Local Issues | Comments Off on LNG Export Terminal Possible for Galveston
Petro Global News reports that officials from the Port of Galveston, Texas agreed Monday to reserve 185 acres at the port’s Pelican Island site for a proposed $6 billion LNG export facility being planned by Texas-based NextDecade Energy (“NextDecade”). According to the report, NextDecade will pay $100,000 to hold the site for the next six months, subject to extension, while the company...
New B.C. LNG Tax Laws to be Unveiled in October
Posted on Sep 24, 2014 in Canada & Mexico, Policy, Legislation and Politics | Comments Off on New B.C. LNG Tax Laws to be Unveiled in October
The Globe and Mail reports that British Columbia (B.C.) will unveil its proposed new tax laws for the LNG industry in October, with an anticipated implementation date of November 30,...
Reuters Discusses Asian Utilities’ Sales of U.S. LNG Supplies to Europe
Posted on Sep 22, 2014 in LNG Exports, Markets and Competition | Comments Off on Reuters Discusses Asian Utilities’ Sales of U.S. LNG Supplies to Europe
An article by Reuters discusses attempts by Japanese and Indian utilities to divert some of their contracted-for U.S. LNG supplies to Europe amidst the companies’ realizations that their home markets will not be able to absorb the initial influx of LNG supply. The article also notes that a recent fall in crude oil prices has made LNG supply contracts linked to Henry Hub gas prices...
Magnolia LNG Receives Coast Guard and PHMSA Approvals for LNG Export Terminal
Posted on Sep 22, 2014 in Federal Regulation, LNG Exports | Comments Off on Magnolia LNG Receives Coast Guard and PHMSA Approvals for LNG Export Terminal
Magnolia LNG announced today that the U.S. Coast Guard has issued a Letter of Recommendation approving the Waterway Suitability Assessment for Magnolia’s proposed LNG export terminal at Lake Charles, La., finding that the Calcasieu Channel waterway was suitable for the proposed LNG marine traffic associated with the project. Magnolia also announced that the U.S. Department of...