TransCanada to Construct Pipeline to Feed LNG Canada Facility
Posted on Oct 2, 2018 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition, Pipelines | Comments Off on TransCanada to Construct Pipeline to Feed LNG Canada Facility
TransCanada Corporation announced today that it will proceed with construction of the Coastal GasLink pipeline project to serve LNG Canada’s proposed liquefaction and LNG export facility in Kitimat, British Columbia (B.C.). Today, LNG Canada announced a positive final investment decision to move forward with the project. According to the press release, “Coastal GasLink is a...
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. ...
DOE Official Identifies Physical Constraints to U.S.-EU LNG Supply
Posted on Sep 14, 2018 in Markets and Competition, Policy, Legislation and Politics | Comments Off on DOE Official Identifies Physical Constraints to U.S.-EU LNG Supply
Yesterday, the U.S. Senate Committee on Energy and Natural Resources held a hearing to examine the role of U.S. LNG in meeting European energy demand. In his prepared statement, Steven E. Winberg, Assistant Secretary for Fossil Energy at the U.S. Department of Energy (DOE), stated that despite the availability of U.S. LNG imports into Europe, there are constraints affecting the amount...
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...