LNG Canada Delays FID Until Late 2016
Posted on Feb 4, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on LNG Canada Delays FID Until Late 2016
The Globe and Mail reports that due to market conditions, LNG Canada has delayed a final investment decision (FID) on its proposed liquefaction and LNG export terminal at Kitimat, British Columbia until later in the year. An FID was expected in Spring 2016. LNG Canada is a joint venture of Shell Canada Energy (50%), an affiliate of Royal Dutch Shell plc, and affiliates of PetroChina...
Alaska LNG Project Faces “Significant Economic Headwinds”
Posted on Feb 1, 2016 in Liquefaction, LNG Exports, State and Local Issues | Comments Off on Alaska LNG Project Faces “Significant Economic Headwinds”
Alaska Public Radio reports that representatives from the Alaska LNG Project told Alaska state legislators last week that the project faces “significant economic headwinds,” and while they remain committed to the project, the sponsors “have to be realistic about the project in this current price environment.” Sponsors of the proposed 800-mile pipeline and LNG export terminal are North...
FERC Extends Schedule for Completion of Oregon LNG Environmental Review
Posted on Feb 1, 2016 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Extends Schedule for Completion of Oregon LNG Environmental Review
FERC issued a notice today extending the date for the release of its environmental impact statement for the proposed Oregon LNG export terminal project from February 12, 2016 to June 3, 2016. Other federal agencies having jurisdiction over the project will have until September 1, 2016 to complete their review....
Magnolia LNG Extends Closing Date for Meridian LNG Tolling Agreement
Posted on Feb 1, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Extends Closing Date for Meridian LNG Tolling Agreement
Today, Magnolia LNG, LLC announced that Magnolia and Meridian LNG Holdings Corp (Meridian LNG) have agreed to extend the financial close date condition precedent for Magnolia LNG from June 30, 2016 to December 31, 2016. In 2015, Magnolia announced that it had entered into a tolling agreement with Meridian LNG for firm capacity rights for up to 2 million tonnes of LNG/year at Magnolia...