European LNG Headlines
Posted on Jan 26, 2011 in Financing, Regas Terminals & Capacity | Comments Off on European LNG Headlines
EBRD Could Finance Lithuanian LNG Terminal and Power Link (Baltic Business News)
FERC Requests Financing, Site Control Details from Calais LNG
Posted on Dec 6, 2010 in Federal Regulation, Financing, Regas Terminals & Capacity | Comments Off on FERC Requests Financing, Site Control Details from Calais LNG
Noting recent project development challenges, FERC has requested that Calais LNG provide the Commission with a schedule for “planned activities in securing project financing and appropriate title, right, or interest in the project site” by December 13, 2010. FERC’s letter is available in the eLibrary under Docket No....
Calais LNG Seeks Additional Delay
Posted on Nov 29, 2010 in Financing, Regas Terminals & Capacity, State and Local Issues | Comments Off on Calais LNG Seeks Additional Delay
Responding to a request for information, Calais LNG has requested an additional extension from the Maine Board of Environmental Protection for the processing of its LNG terminal permit. According to MPBN.net, Calais LNG states that it has no intention of withdrawing its application and that it is transitioning majority ownership of the project to a new financial...
Moody’s Downgrades Sabine Pass LNG
Posted on Nov 29, 2010 in Financing, Regas Terminals & Capacity | Comments Off on Moody’s Downgrades Sabine Pass LNG
Last week Moody’s Investors Service downgraded its rating of certain debt instruments issued by Sabine Pass LNG to B3 and, according to Platts LNG Daily [subscription required], placed the company under further review for future ratings...
El Paso to Sell Elba Island LNG Terminal, Stake in Gas Pipelines to Affiliate
Posted on Nov 16, 2010 in Financing, Regas Terminals & Capacity | Comments Off on El Paso to Sell Elba Island LNG Terminal, Stake in Gas Pipelines to Affiliate
Yesterday El Paso Corp. announced that it will sell its full ownership of Southern LNG Co., the owner of the Elba Island LNG import terminal, as well as the complete ownership of El Paso Elba Express Co., to El Paso Pipeline Partners LP. El Paso Corp. also will sell its 60 percent stake in Southern Natural Gas Co. According to Bloomberg, the total value of the transaction is $1.13...
Hearing on Calais LNG Project to Go Forward This Week as Scheduled
Posted on Sep 14, 2010 in Financing, Regas Terminals & Capacity, State and Local Issues | Comments Off on Hearing on Calais LNG Project to Go Forward This Week as Scheduled
Platts LNG Daily [subscription required] reports that Calais LNG requested another delay of a planned public hearing before the Maine Board of Environmental Protection (BEP). However, WBZTV.com reports that the BEP denied the request. According to the news report, the hearing will convene...