LNG Canada Announces a Positive Final Investment Decision
Posted on Oct 2, 2018 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on LNG Canada Announces a Positive Final Investment Decision
LNG Canada today announced that its joint venture participants – Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – have taken a Final Investment Decision (FID) to build the LNG Canada liquefaction and LNG export facility in Kitimat, British Columbia. According to the press release, “[e]ach joint venture participant will be responsible to provide its own natural gas supply...
China Sets 10% Tariff on U.S. LNG Imports
Posted on Sep 20, 2018 in LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on China Sets 10% Tariff on U.S. LNG Imports
Reuters reports that China has imposed a 10% tariff on U.S. LNG imports effective September 24, 2018. The tariff is less than the expected 25% China had announced earlier. According to the report, the smaller than expected tariff helped lift the stock prices of Cheniere Energy and Golar...
Cheniere and Vitol Sign 15-Year LNG Sale and Purchase Agreement
Posted on Sep 17, 2018 in LNG Exports, Markets and Competition | Comments Off on Cheniere and Vitol Sign 15-Year LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its subsidiary Cheniere Marketing, LLC (Cheniere Marketing) has entered into an LNG sale and purchase agreement (SPA) with Vitol Inc. (Vitol). Under the SPA, Vitol has agreed to purchase approximately 0.7 million tonnes per annum of LNG from Cheniere Marketing on a free on board basis for a term of approximately 15 years beginning in 2018. ...
FERC Releases Draft EIS for Driftwood LNG
Posted on Sep 17, 2018 in Environmental, Federal Regulation, Liquefaction, LNG Exports, Pipelines | Comments Off on FERC Releases Draft EIS for Driftwood LNG
FERC Staff has released the draft environmental impact statement (EIS) for Tellurian’s proposed Driftwood LNG export terminal and interconnected pipeline in Evangeline, Acadia, Jefferson Davis, and Calcasieu Parishes, La. (the Project). The Project would produce up to 26 million tonnes per annum of LNG for export. The draft EIS concludes that approval of the Project would result in...
U.S. House Approves Bill Authorizing Small-Scale LNG Exports
Posted on Sep 12, 2018 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on U.S. House Approves Bill Authorizing Small-Scale LNG Exports
Last week, the U.S. House of Representatives passed a bill that would amend the Natural Gas Act to provide that applications for the importation or exportation of not more than 0.17 Bcf/day of natural gas and which do not require and environmental impact statement or environmental assessment shall be granted without modification or delay The bill’s provisions are similar to a final...
Alaska and ExxonMobil Sign Agreement for Alaska LNG Supplies
Posted on Sep 12, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Alaska and ExxonMobil Sign Agreement for Alaska LNG Supplies
Alaska Gasline Development Corporation, sponsor of the Alaska LNG Project, has announced that it has signed a Gas Sales Precedent Agreement with ExxonMobil Alaska Production Inc. (ExxonMobil) that covers certain key terms, including price and a volume basis, for a Gas Sales Agreement. According to the press release, the parties anticipate finalizing long-term gas sales agreements to...