Magnolia LNG Extends Offtake Agreement Closing Date
Posted on Dec 8, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Extends Offtake Agreement Closing Date
Magnolia LNG, LLC (Magnolia) and Meridian LNG Holdings Corp have agreed to further extend the financial closing date condition precedent for their offtake agreement for LNG supplies from Magnolia’s proposed LNG terminal at Lake Charles, La. from December 31, 2016 to November 30, 2017. ...
DOE Grants Magnolia LNG Non-FTA Export Authorization
Posted on Dec 7, 2016 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on DOE Grants Magnolia LNG Non-FTA Export Authorization
The U.S. Department of Energy has issued an order authorizing Magnolia LNG, LLC to export, over a 20-year term, up to 394.2 Bcf/year of domestically produced LNG from its proposed LNG terminal near Lake Charles, La. to nations without a Free Trade Agreement (non-FTA) with the United States....
ENGIE and AES Andres DR Agree to Joint Marketing Agreement
Posted on Dec 7, 2016 in Liquefaction, LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on ENGIE and AES Andres DR Agree to Joint Marketing Agreement
ENGIE and AES Andres DR, S.A. (AES Andres), a subsidiary of The AES Corporation, announced that they have agreed to enter into a 12-year binding agreement to jointly market 0.7 million tonnes per annum (mtpa) of LNG in the Caribbean. Under the agreement, ENGIE will provide up to 0.7 mtpa of LNG, primarily from the Cameron LNG terminal in Cameron Parish, La., which is expected to come...
CME Group and ICE Planning to Launch LNG Derivatives Products
Posted on Dec 7, 2016 in LNG Exports, Markets and Competition | Comments Off on CME Group and ICE Planning to Launch LNG Derivatives Products
CNBC reports that CME Group and Intercontinental Exchange (ICE) both plan to launch LNG derivatives similar to internationally traded Brent and U.S. West Texas Intermediate crude oil futures. The CME Group and ICE benchmarks would be based on LNG shipments from the U.S. Gulf Coast, where Cheniere Energy operates the Sabine Pass LNG export terminal and other LNG export terminals are...
Port Arthur LNG Files FERC Application
Posted on Dec 2, 2016 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on Port Arthur LNG Files FERC Application
Port Arthur LNG, LLC (Port Arthur) has filed applications with FERC for authority to construct and operate a liquefaction and LNG export terminal at the City of Port Arthur, Texas and an interconnected pipeline. The Liquefaction Project will include two liquefaction trains each capable of producing under optimal conditions 6.73 million tonnes of LNG per annum (“MTPA”) or approximately...