Cheniere’s Cost Estimates for Sabine Pass LNG Liquefaction Project Up 39%
Posted on Nov 15, 2011 in Financing, LNG Exports | Comments Off on Cheniere’s Cost Estimates for Sabine Pass LNG Liquefaction Project Up 39%
BusinessWeek reports that a company statement issued yesterday by Cheniere Energy Inc. suggests that costs for the Sabine Pass LNG liquefaction project will be higher than the estimate contained in its August 5, 2011 quarterly report. According to the news report, yesterday’s cost estimate would equate to $555 per ton of LNG liquefaction capacity, some 39% higher than the $400...
European LNG Headlines
Posted on Nov 14, 2011 in Financing, Regas Terminals & Capacity | Comments Off on European LNG Headlines
Ukraine Seeks Investors in LNG Terminal (Platts LNG Daily) [Subscription required]
Investment Banks Note Political Risks Associated with U.S. LNG Export Projects
Posted on Nov 11, 2011 in Canada & Mexico, Financing, LNG Exports | Comments Off on Investment Banks Note Political Risks Associated with U.S. LNG Export Projects
An investment banker with Lloyds Banking Group told Platts LNG Daily this week that banks are likely to be wary of investing in U.S. LNG export projects due to political risks, which are not present in competing markets such as Australia. [Subscription...
Industry Analysts Suggest Total Will Buy LNG Export Supply and Equity Position from Sabine Pass Liquefaction Project
Posted on Nov 9, 2011 in Financing, LNG Exports | Comments Off on Industry Analysts Suggest Total Will Buy LNG Export Supply and Equity Position from Sabine Pass Liquefaction Project
Platts LNG Daily [subscription required] reports that industry analysts at Potent & Partners expect Total to secure both LNG liquefaction and export capacity as well as an equity position in the Sabine Pass LNG liquefaction project. Neither Total nor Sabine Pass Liquefaction LLC parent Cheniere Energy commented on the...
European LNG Headlines
Norway’s Statoil Buys Snohvit Gas Field Stake from Hess (Platts) First Ship Berths at Norway’s Snohvit LNG Since Restart (Platts LNG Daily) [Subscription required]Analysis: Cheniere, BG LNG Export Agreement Does Not Include Traditional Take-Or-Pay Provisions
Posted on Nov 2, 2011 in Financing, LNG Exports, Markets and Competition | Comments Off on Analysis: Cheniere, BG LNG Export Agreement Does Not Include Traditional Take-Or-Pay Provisions
An analysis of the recent Cheniere-BG LNG export agreement carried in World Gas Intelligence [subscription required] notes that the agreement does not contain a take-or-pay provision that is common for LNG terminal use agreements. The analysis concludes that although the agreement with BG helps, Cheniere needs to secure similar agreements from other future LNG exporters in order to...