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European LNG Headlines

First Q-Max Delivery for Sagunto (ICIS Heren) [Subscription required] EU to Help Fund Polish Infrastructure to Connect LNG Terminal (Platts LNG Daily) [Subscription required]

European LNG Headlines

Gaz-System Provides Additional Capital to Polskie LNG (Warsaw Business Journal)

Maine Extends Time for Calais LNG to Secure New Financial Support

Last week the Maine Board of Environmental Protection granted Calais LNG’s request for a one-month extension to secure new investors for the project. The Bangor Daily News reports that an official with Calais LNG said that efforts to securing additional financial support are ongoing and that “[w]e are finding interested...

Calais LNG Needs More Time to Secure New Financial Backer

The Kennebuc Journal (Maine) reports that Calais LNG has requested an additional month to secure a new financial backer for the project. The company notified the Maine Board of Environmental Protection that it needs until September 11, 2010, to line up new financial...

Key Financial Partner Calais LNG Selling Its Stake in Project

GS Power Holding LLC, a subsidiary of the investment bank Goldman Sachs, is selling its stake in the Calais LNG regasification project. According to a letter submitted to the Maine Board of Environmental Protection (BEP), Calais LNG expects the sale to be complete by August 11, 2010, and has asked the BEP to delay a meeting scheduled for tomorrow. Calais LNG also noted that “[i]n...

Pipeline Associated with Bradwood Landing LNG Seeking Additional Commercial Support

The Daily Astorian reports that the developer of the Palomar Gas Transmission pipeline project, which would have connected with the Bradwood Landing LNG terminal if the facility had moved forward, have notified FERC that it “continues to seek additional commercial underpinnings for the...

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