FERC Orders Approving Aguirre Offshore Gasport Challenged in Court
Posted on Aug 30, 2016 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Orders Approving Aguirre Offshore Gasport Challenged in Court
Comité Diálogo Ambiental, Inc. (“Diálogo”) has filed a petition for review with the U.S. Court of Appeals for the D.C. Circuit challenging FERC’s orders authorizing construction and operation of Aguirre Offshore GasPort, LLC’s (“Gasport”) proposed LNG import terminal on the southern shore of Puerto Rico near Salinas. Diálogo challenges FERC’s approval of Gasport “before completing the...
Producer Sponsors Not Moving Forward on Alaska LNG Project
Posted on Aug 26, 2016 in Financing, Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Producer Sponsors Not Moving Forward on Alaska LNG Project
Alaska Dispatch News reports that at a hearing before Alaska state legislators, ExxonMobil said it will not move forward with the front-end engineering and design, or FEED phase of development of the Alaska LNG Project, which was set to start in 2017 and was expected to cost up to $2 billion. ConocoPhillips and BP, the other two producer sponsors of the project, also indicated that...
Study: Alaska LNG Project Too Expensive to be Competitive
Posted on Aug 25, 2016 in Financing, Liquefaction, LNG Exports, State and Local Issues | Comments Off on Study: Alaska LNG Project Too Expensive to be Competitive
Alaska Public Media reports that consulting firm Wood Mackenzie has released a study finding that in its current form, the Alaska LNG Project is too expensive to be competitive with other LNG projects proposing to serve north Asian markets. The report offers options to reduce the costs of the project, estimated to be $45 – $65 billion, including bringing in outside investors or full...
DOE Grants American LNG Marketing Blanket Export Authority
Posted on Aug 25, 2016 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on DOE Grants American LNG Marketing Blanket Export Authority
The U.S. Department of Energy (DOE) has issued an order granting American LNG Marketing blanket authority to export up to 3.02 Bcf/year of LNG over two years from its proposed Hialeah facility near Medley, Fla. to nations with and without a Free Trade Agreement with the United States with which trade is not prohibited by U.S. law or policy. The LNG would be loaded into ISO containers...
U.S. LNG Cargo Reaches China Via Expanded Panama Canal
Posted on Aug 25, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on U.S. LNG Cargo Reaches China Via Expanded Panama Canal
MarketWatch reports that the first shipment of LNG produced from the lower 48 U.S. states to reach China was shipped from the Sabine Pass LNG terminal in Cameron Parish, La., passed through the expanded Panama Canal, and arrived at the Yantian Port in southern China on Monday. The report states that the cargo was purchased by China National Offshore Oil Corp. as part of a long-term...