Energy Transfer Equity Acquiring Southern Union, Including Lake Charles LNG Terminal
Posted on Jun 17, 2011 in Financing, LNG Exports, Regas Terminals & Capacity | Comments Off on Energy Transfer Equity Acquiring Southern Union, Including Lake Charles LNG Terminal
Energy Transfer Equity, L.P. announced yesterday that it will acquire Southern Union Company for a total of $7.9 billion, including $3.7 billion of existing Southern Union debt. The acquisition also includes the Lake Charles LNG import terminal and several gas pipeline assets. Platts LNG Daily [subscription required] provides additional...
Industry Analysts Say Kitimat and Freeport LNG Export Projects Well-Positioned
Posted on Jun 10, 2011 in Canada & Mexico, Financing, LNG Exports, Markets and Competition | Comments Off on Industry Analysts Say Kitimat and Freeport LNG Export Projects Well-Positioned
North American natural gas industry analysts told Platts LNG Daily [subscription required] that they do not believe that more than three or four North American LNG export projects will be completed, citing financing challenges, market conditions, and competition from other global players like Australia. Several analysts noted that the Kitimat and Freeport LNG export projects currently...
Asian Utilities Considering Equity Interests in Kitimat LNG
Posted on Jun 9, 2011 in Canada & Mexico, Financing, LNG Exports | Comments Off on Asian Utilities Considering Equity Interests in Kitimat LNG
An Apache Corp. official said this week that major utilities in Asia are considering purchasing equity stakes in the Kitimat LNG export project planned for British Columbia. Read more in Upstream Online. Separately, the Canadian National Energy Board has convened a series of public hearings on the Kitimat LNG project. An audio webcast of the hearings is available...
Vopak, Enagas Buy Altamira LNG Terminal
Posted on Jun 3, 2011 in Canada & Mexico, Financing, Regas Terminals & Capacity | Comments Off on Vopak, Enagas Buy Altamira LNG Terminal
Yesterday, Vopak and Enagas announced their purchase of the Altamira LNG import terminal in Mexico. Vopak will take a 60% stake while Enagas will own the remaining 40% of the terminal, which was previously owned by Shell, Total, and Mitsui. Vopak’s press release provides additional...
Cheniere Ready to Consider Minority Stake in Lithuanian LNG Regasification Project
Posted on May 27, 2011 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere Ready to Consider Minority Stake in Lithuanian LNG Regasification Project
Reuters reports that Jean Abiteboul of Cheniere Energy told the Baltic News Service that Cheniere would consider taking a small equity stake in the planned Klaipedos Nafta LNG import terminal in Lithuania. According to Abiteboul, Cheniere might take a 10-20% stake in the Lithuanian project if it were...