Moody’s Predicts Cancellation of Most Proposed U.S. LNG Export Terminal Projects Due to Low LNG Prices
Posted on Apr 7, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Moody’s Predicts Cancellation of Most Proposed U.S. LNG Export Terminal Projects Due to Low LNG Prices
Moody’s Investor Service has released a new report “Lower Oil Prices Cause Suppliers of Liquefied Natural Gas to Nix Projects,” which predicts that low LNG prices will result in the cancellation of most of the gas liquefaction and export terminal projects currently proposed in the United States and Canada. The report also predicts that such projects “already under...
FERC Approves Cheniere Energy’s Sabine Pass LNG Terminal Expansion
Posted on Apr 7, 2015 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Approves Cheniere Energy’s Sabine Pass LNG Terminal Expansion
Yesterday, FERC issued an order approving Cheniere Energy affiliate Sabine Pass LNG’s application to construct liquefaction Trains 5 and 6 at the Sabine Pass LNG terminal in Cameron Parish, La., and to expand the capacity of the interconnected pipeline. The expansion would increase the Liquefaction Project’s total authorized production capacity from approximately 20 million tonnes...
FERC Disclaims Jurisdiction Over Inland Facility Producing LNG for Export
Posted on Apr 6, 2015 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Disclaims Jurisdiction Over Inland Facility Producing LNG for Export
FERC has issued an order disclaiming jurisdiction pursuant to section 3 of the Natural Gas Act over Pivotal LNG and its affiliates’ inland U.S. facilities, which produce LNG that may ultimately be exported. FERC ruled that its section 3 LNG terminal jurisdiction extends to a facility that is “(1) connected to a pipeline that delivers gas to or sends gas from the facility and (2)...