Canada Proposes to Extend Gas Export Licenses to 40 Years
Posted on Apr 22, 2015 in Canada & Mexico, LNG Exports, Policy, Legislation and Politics | Comments Off on Canada Proposes to Extend Gas Export Licenses to 40 Years
Bloomberg reports that the Canadian budget for 2015 released yesterday includes a proposal to extend gas export licenses from the current 25 years to 40 years and provide tax breaks on investment in LNG facilities....
Canadian National Energy Board Recommends Approval of Upstream Feeder Pipeline to Pacific NorthWest LNG Terminal
Posted on Apr 16, 2015 in Canada & Mexico, Liquefaction, LNG Exports, Pipelines | Comments Off on Canadian National Energy Board Recommends Approval of Upstream Feeder Pipeline to Pacific NorthWest LNG Terminal
Canada’s National Energy Board has recommended approval of the North Montney Mainline, which, according to the press release, will substantially increase capacity on TransCanada’s Nova Gas Transmission System. Once in operation, the North Montney Mainline will provide transportation service from Progress Energy’s upstream natural gas reserves to the proposed Prince Rupert Gas...
Apache Closes Sale of Kitimat LNG Interest to Woodside
Posted on Apr 10, 2015 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Apache Closes Sale of Kitimat LNG Interest to Woodside
Today, Apache Corporation announced that it has completed the previously disclosed sale of its 50% interest in the Kitimat LNG project and related upstream acreage in the Horn River and Liard natural gas basins in British Columbia, Canada, to Woodside Petroleum Limited. Total proceeds from the $854 million sale include $354 million in adjustments for reimbursement of net expenditures...
Oil Price Slump Improves Viability of Petronas’ Proposed B.C. LNG Export Terminal
Posted on Apr 9, 2015 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Oil Price Slump Improves Viability of Petronas’ Proposed B.C. LNG Export Terminal
Lower oil prices have enabled Pacific NorthWest LNG (PNWLNG), majority-owned by Malaysian state oil company Petronas, to lock in significantly lower development costs for its proposed LNG export terminal at Port Edward, British Columbia, improving the project’s economic viability. According to the Financial Post article, PNWLNG anticipates a final investment decision for the project...
Shell – BG Group Merger Could Signal Demise of Prince Rupert LNG Project
Posted on Apr 9, 2015 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Shell – BG Group Merger Could Signal Demise of Prince Rupert LNG Project
The recent announcement of Royal Dutch Shell PLC’s (Shell) C$88 billion ($70 billion) deal to buy BG Group PLC (BG Group) could mean the end of BG Group’s proposed Prince Rupert LNG export terminal project in British Columbia (B.C.). Shell affiliate, Shell Canada, is the primary sponsor of LNG Canada’s proposed LNG export terminal project at Kitimat, B.C., which project is reported to...
B.C. Introduces Bill Providing Details on LNG Income Taxes
Posted on Mar 26, 2015 in Canada & Mexico, LNG Exports, Policy, Legislation and Politics | Comments Off on B.C. Introduces Bill Providing Details on LNG Income Taxes
The British Columbia (B.C.) government has introduced Bill 26, the Liquefied Natural Gas Income Tax Amendment Act 2015, to “set out the remaining elements of a competitive LNG income tax framework.” The bill provides the LNG industry clarifying information under the Liquefied Natural Gas Income Tax Act, including obligations to register, file returns, pay the tax, and appeal rights. ...