European LNG Headlines
Posted on Aug 11, 2011 in Financing, Markets and Competition, Regas Terminals & Capacity, Vessel Transportation | Comments Off on European LNG Headlines
RWE Pays Steep Premium for First Dutch LNG Delivery (Reuters) Norwegian Bank to Finance Up to $4B in LNG Ship Orders (Kipp Report) Slovenia Slams Italy’s Trieste LNG Plans...
Progress Energy Resources, Petronas to Conduct Feasibility Study for LNG Export Terminal
Posted on Aug 3, 2011 in Canada & Mexico, Financing, LNG Exports | Comments Off on Progress Energy Resources, Petronas to Conduct Feasibility Study for LNG Export Terminal
As part of a natural gas development and export deal valued at CDN $1.07 billion, Progress Energy Resources Corp. and Malaysian national oil company Petronas agreed to conduct a feasibility study for an LNG export terminal proposed for Canada’s west coast. The project contemplates liquefaction capacity of 600,000 cf/d. According to the Calgary Herald, the feasibility study is...
Cheniere Formally Announces Liquefaction Project at Sabine Pass LNG Terminal
Posted on Jul 25, 2011 in Financing, LNG Exports, State and Local Issues | Comments Off on Cheniere Formally Announces Liquefaction Project at Sabine Pass LNG Terminal
Last week, Cheniere formally announced its plans to construct liquefaction facilities at its Sabine Pass LNG terminal. Louisiana Governor Bobby Jindal (R-La.) attended the announcement and thanked the company, saying that the expected investment of $6 billion represented “an incredible vote of confidence” in Louisiana. Read more at...
Southern Union Accepts Energy Transfer Equity’s Revised Bid to Purchase Company
Posted on Jul 20, 2011 in Financing, Regas Terminals & Capacity | Comments Off on Southern Union Accepts Energy Transfer Equity’s Revised Bid to Purchase Company
Yesterday, Energy Transfer Equity, L.P. (ETE) announced that Southern Union Company accepted ETE’s revised bid to buy the company. According to an ETE media release, the deal will be worth a total of $9.4 billion, including $5.7 billion in cash. Southern Union owns the Trunkline LNG import facility in Lake Charles,...
Southern Union Begins Negotiations with Williams
Posted on Jun 29, 2011 in Financing, Regas Terminals & Capacity | Comments Off on Southern Union Begins Negotiations with Williams
Following a recent offer to acquire the company, Southern Union has announced that it has begun negotiations with Williams. The announcement follows competing bids for Southern Union submitted by Williams and Energy Transfer Equity. The acquisition would include Southern Union’s ownership of the Lake Charles LNG facility. Find further information in Platts Gas Daily [subscription...
Williams Offers Competing Bid for Southern Union Co.
Posted on Jun 27, 2011 in Financing, Regas Terminals & Capacity | Comments Off on Williams Offers Competing Bid for Southern Union Co.
Williams Companies has made a $4.9 billion offer to purchase Southern Union Company, topping Energy Transfer Equity’s $4.1 billion bid announced last week. Southern Union owns the Lake Charles LNG import terminal and several gas pipeline assets. Reuters provides additional...