Freeport LNG Enters Into Definitive Agreements for Train 1 Financing
Posted on Oct 30, 2014 in Financing, LNG Exports | Comments Off on Freeport LNG Enters Into Definitive Agreements for Train 1 Financing
Freeport LNG Expansion, L.P. (Freeport LNG) today announced that its subsidiary, FLNG Liquefaction, LLC, has entered into definitive agreements with Japan Bank for International Cooperation and six commercial banks for the debt financing of approximately $3.85 billion for the development of Train 1 of Freeport LNG’s proposed liquefaction and LNG export terminal on Quintana Island near...
Dominion Cove Point LNG Authorized to Proceed with Construction of Export Terminal Facilities
Posted on Oct 30, 2014 in Federal Regulation, LNG Exports | Comments Off on Dominion Cove Point LNG Authorized to Proceed with Construction of Export Terminal Facilities
Yesterday, FERC issued a notice to proceed authorizing Dominion Cove Point LNG to modify the hydrostatic test water disposal location and soil storage, relocate existing utility lines, demolish certain buildings, and proceed with grading activities at its LNG terminal at Lusby, Md. The notice can be found here, and the complete docket for the Cove Point export terminal project can be...
BG Group to Delay Proposed B.C. Prince Rupert LNG Terminal
Posted on Oct 29, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on BG Group to Delay Proposed B.C. Prince Rupert LNG Terminal
An article in the Financial Post, citing a report in The Wall Street Journal [subscription required], states that BG Group Plc is likely to delay its proposed LNG export terminal at Prince Rupert, British Columbia (B.C.) to provide time to assess the market once U.S. LNG supplies come on-line. The article quotes BG Canada President Madeline Whitaker as stating “We’d always said...
BP Energy Seeks Rehearing of Dominion Cove Point LNG Authorization
Posted on Oct 29, 2014 in Federal Regulation, LNG Exports | Comments Off on BP Energy Seeks Rehearing of Dominion Cove Point LNG Authorization
BP Energy has filed a request for rehearing of FERC’s order approving the Dominion Cove Point LNG (DCP) export terminal at Lusby, Md. BP’s request asks that FERC “(1) reverse its finding that DCP did not engage in undue discrimination by allowing Statoil to turn back its terminal capacity without granting the same turn back opportunity to BP Energy; and (2) require DCP to offer BP...
Pieridae Energy Files DOE Application to Export Gas Through Canada to FTA and Non-FTA Nations
Posted on Oct 29, 2014 in Canada & Mexico, Federal Regulation, LNG Exports | Comments Off on Pieridae Energy Files DOE Application to Export Gas Through Canada to FTA and Non-FTA Nations
Pieridae Energy (USA) Ltd (Pieridae) has filed an application with the U.S. Department of Energy (DOE) to export to Canada up to 292 Bcf/year over 20 years on the Maritimes & Northeast US Pipeline near Baileyville, Maine. The gas will be converted into LNG and exported from Pieridae’s proposed Goldboro LNG terminal in Guysborough County, Nova Scotia to nations with and without a...