ConocoPhillips Buys Out Marathon’s Ownership Position in Kenai LNG Facility
Posted on Oct 12, 2011 in Financing, Liquefaction | Comments Off on ConocoPhillips Buys Out Marathon’s Ownership Position in Kenai LNG Facility
Platts LNG Daily [subscription required] reports that ConocoPhillips has purchased Marathon Oil’s 30% ownership stake in the Kenai LNG liquefaction and export facility. The purchase comes as the facility winds down its LNG export operations, and is expected to suspend LNG exports altogether in the coming...
European LNG Headlines
Posted on Oct 7, 2011 in Financing, Regas Terminals & Capacity | Comments Off on European LNG Headlines
European Commission Backs Poland’s LNG Terminal (Polskie Radio)
Analyst’s Report: U.S. LNG Export Projects Face Stiff Competition from Traditional LNG Exporters
Posted on Sep 30, 2011 in Financing, LNG Exports | Comments Off on Analyst’s Report: U.S. LNG Export Projects Face Stiff Competition from Traditional LNG Exporters
A report released this week by Fitch Ratings suggests that the relatively high capital costs for LNG export projects in the United States, particularly at the Sabine Pass LNG facility, could impact economic competiveness with traditional LNG exporters. Read more in Platts LNG Daily [subscription...
Cheniere Offers Shares to Raise Capital for LNG Liquefaction Project
Posted on Sep 15, 2011 in Financing, LNG Exports | Comments Off on Cheniere Offers Shares to Raise Capital for LNG Liquefaction Project
Cheniere Energy Partners will offer $60 million in shares for the development of its planned LNG liquefaction project at the Sabine Pass terminal, as well as other general business purposes. Upstream Online provides further...
British Columbia LNG Export Project Estimated to Cost $400 Million
Posted on Aug 18, 2011 in Canada & Mexico, Financing, LNG Exports | Comments Off on British Columbia LNG Export Project Estimated to Cost $400 Million
Engineering firm Black and Veatch has estimated that construction and installation of a barge with LNG liquefaction and export capabilities for the BC LNG Export Co-operative project will cost approximately $400 million. Platts LNG Daily [subscription required] provides additional...
Chinese Sovereign Wealth Fund Signs MOU to Buy GDF Suez’s Stake in Atlantic LNG Liquefaction Facility
Posted on Aug 11, 2011 in Financing, Liquefaction | Comments Off on Chinese Sovereign Wealth Fund Signs MOU to Buy GDF Suez’s Stake in Atlantic LNG Liquefaction Facility
China Investment Corp. (CIC), China’s sovereign wealth fund, has signed a Memorandum of Understanding (MOU) with GDF Suez to acquire GDF Suez’s 10 percent stake in liquefaction train 1 at the Atlantic LNG facility in Trinidad & Tobago and production payments for trains 2, 3, and 4. In the deal under negotiation, CIC also would acquire 30 percent of GDF Suez’s...