Venture Global Obtains $10 Billion in Binding Commitments for its $5.8 Billion Calcasieu Pass LNG Project
Posted on Jul 23, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Venture Global Obtains $10 Billion in Binding Commitments for its $5.8 Billion Calcasieu Pass LNG Project
Venture Global LNG, Inc. announced that it has received over $10 billion in binding commitments for construction financing of its proposed $5.8 billion Calcasieu Pass LNG terminal in Cameron Parish, La. According to the press release, “the transaction is nearly two times oversubscribed, prior to retail syndication. The proceeds of the construction financing, along with the equity...
FERC to Create New LNG Division with Office in Houston
Posted on Jul 23, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC to Create New LNG Division with Office in Houston
FERC Chairman Neil Chatterjee announced today that the agency is creating a new division in its Office of Energy Projects “to accommodate the growing number and complexity of applications to site, build and operate liquefied natural gas export terminals.” The new Division of LNG Facility Review & Inspection (DLNG) will consist of 20 existing LNG staff members in Washington, D.C.,...
FERC Authorizes Gulf LNG Liquefaction Project
Posted on Jul 18, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Authorizes Gulf LNG Liquefaction Project
FERC has issued an order authorizing Gulf LNG Liquefaction Company, LLC and Gulf LNG Energy, LLC (“Gulf Energy”) to site, construct, and operate new facilities for the export of LNG at Gulf Energy’s existing LNG import terminal in Jackson County, Miss., near the city of Pascagoula (“Gulf LNG Liquefaction Project”). The Gulf LNG Liquefaction Project will enable the receipt, treatment,...
Total and Tellurian Finalize Driftwood Equity Investment and LNG Purchase Agreements
Posted on Jul 12, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Total and Tellurian Finalize Driftwood Equity Investment and LNG Purchase Agreements
Tellurian Inc. (Tellurian) announced that it has entered into definitive agreements with Total Delaware, Inc. (Total) and Total Gas & Power North America, Inc. (Total Gas & Power), subsidiaries of Total S.A., for Total Gas & Power to purchase one million tonnes per annum (mtpa) of LNG from the proposed Driftwood LNG terminal (Driftwood) in Calcasieu Parish, La., and for...
FERC Extends Delfin LNG In-Service Date Deadline One Year
Posted on Jul 9, 2019 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Extends Delfin LNG In-Service Date Deadline One Year
FERC has issued a letter granting Delfin LNG LLC’s (Delfin LNG) request for an extension of time, to September 28, 2020, to complete construction of the authorized onshore facilities required to service its proposed offshore LNG terminal and make them available for service by September 28, 2020. Delfin LNG had requested a 3.5 year extension. Read more in the Platts...
FERC Releases Draft EIS for Alaska LNG Project
Posted on Jul 1, 2019 in Environmental, Federal Regulation, Liquefaction, LNG Exports | Comments Off on FERC Releases Draft EIS for Alaska LNG Project
FERC has released a draft environmental impact statement (EIS) for the proposed Alaska LNG Project proposed by the Alaska Gasline Development Corporation (AGDC). The Alaska LNG Project is comprised of “an 806.6-mile-long natural gas pipeline and associated above ground facilities, and a 20-million-metric-ton per annum liquefaction facility to commercialize the natural gas resources of...