Cheniere Subsidiary Sabine Pass Liquefaction to Offer $2 Billion in Senior Secured Notes due 2025
Posted on Feb 27, 2015 in Financing, Liquefaction, LNG Exports | Comments Off on Cheniere Subsidiary Sabine Pass Liquefaction to Offer $2 Billion in Senior Secured Notes due 2025
Cheniere Energy Partners, L.P. announced today that its wholly owned subsidiary, Sabine Pass Liquefaction, LLC (SPL), will offer $2 billion of Senior Secured Notes, priced at par, with an interest rate of 5.625% per annum to mature on March 1, 2025. The offering is expected to close on March 3, 2015. SPL intends to apply the net proceeds from the offering to pay capital costs and...
Delfin LNG Signs MOU with Lithuanian Energy Company and Joint Development Agreement with Höegh LNG
Posted on Feb 27, 2015 in LNG Exports, Markets and Competition | Comments Off on Delfin LNG Signs MOU with Lithuanian Energy Company and Joint Development Agreement with Höegh LNG
Delfin LNG LLC (Delfin) announced today that it has signed a memorandum of understanding (MOU) with natural gas supply and trading company LITGAS, which is part of the Lithuanian state-controlled Lietuvos Energija energy company group. Under the terms of the MOU, LITGAS intends to contract processing capacity at Delfin’s LNG export deepwater port in the Gulf of Mexico, off the...
Bear Head LNG Files for DOE LNG Export Authority
Posted on Feb 26, 2015 in Canada & Mexico, Federal Regulation, LNG Exports | Comments Off on Bear Head LNG Files for DOE LNG Export Authority
Bear Head LNG has filed an application with the U.S. Department of Energy (DOE) (1) to export 440 Bcf/year of natural gas from the United States to Canada via Maritimes & Northeast Pipeline, and (2) to export 8 million tonnes/year (approximately 397.6 Bcf) of LNG from Bear Head LNG’s proposed export terminal in Richmond County, Cape Breton, Nova Scotia to nations with and without a...
DOE Authorizes Sabine Pass to Export Additional LNG Volumes to FTA Nations
Posted on Feb 26, 2015 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on DOE Authorizes Sabine Pass to Export Additional LNG Volumes to FTA Nations
The U.S. Department of Energy (DOE) has authorized Sabine Pass Liquefaction (SPL) to export an additional 203 Bcf/year over 25 years from its LNG export terminal under construction in Cameron Parish, La. to nations with a Free Trade Agreement with the United States (FTA nations). The additional volumes represent the difference between the initial design capacity and the maximum LNG...
Coast Guard Issues Policy Guidance on LNG Bunkering Operations
Posted on Feb 25, 2015 in Marine Regulation, Policy, Legislation and Politics, Safety & Security | Comments Off on Coast Guard Issues Policy Guidance on LNG Bunkering Operations
The U.S. Coast Guard has released two policy letters to enhance the safety of LNG marine fuel transfer (bunkering) operations. The first policy letter provides voluntary guidance to Coast Guard Captains of the Port/Officers in Charge, Marine Inspection (OCMI) on LNG fuel transfer operations on vessels using natural gas as fuel in U.S. waters, and training of personnel on those...