Magnolia LNG Signs Heads of Agreement with VGS
Posted on Jan 24, 2017 in Financing, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Signs Heads of Agreement with VGS
Magnolia LNG, LLC (Magnolia), has signed a non-binding Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc. (VGS), which provides for a 20-year Free-on-Board Sale and Purchase Agreement of up to 4 million metric tonnes per annum from Magnolia’s proposed LNG export terminal at Lake Charles, La. The HOA contains several conditions precedent. According to the press release,...
NextDecade Signs Lease for Potential LNG Terminal
Posted on Jan 18, 2017 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on NextDecade Signs Lease for Potential LNG Terminal
NextDecade, LLC announced it has signed lease agreements with the State of Texas and City of Texas City for an approximately 1,000-acre site at Shoal Point for the potential development of a multi-billion dollar LNG export facility. Texas City owns almost 376 acres at Shoal Point, while the Texas General Land Office manages the adjoining 618 acres of state land. NextDecade is the...
First U.S. Shale Gas Reaches Japan
Posted on Jan 9, 2017 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on First U.S. Shale Gas Reaches Japan
Reuters reports that Japan’s JERA Co., a joint venture between Tokyo Electric Power and Chubu Electric Power, has imported the country’s first LNG produced from U.S. shale gas in the lower-48 states. Historically, Japan has imported U.S. LNG only from Alaska. According the report, the LNG was produced at Cheniere Energy’s Sabine Pass LNG terminal in Louisiana, was shipped...
State Corporation Takes Over Alaska LNG Project
Posted on Jan 3, 2017 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on State Corporation Takes Over Alaska LNG Project
The Alaska Gasline Development Corporation (AGDC) announced that it has reached an agreement with affiliates of ExxonMobil, BP and ConocoPhillips, whereby AGDC will assume the responsibility for the technical and regulatory activities associated with the proposed Alaska LNG project, consisting of an 800-mile pipeline to access North Slope gas supplies, a liquefaction and LNG export...
FERC Affirms Denial of Jordan Cove Energy Project’s LNG Terminal Application
Posted on Dec 12, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on FERC Affirms Denial of Jordan Cove Energy Project’s LNG Terminal Application
FERC has issued an order denying Jordan Cove Energy Project’s (Jordan Cove) and others’ requests for rehearing of FERC’s March 11, 2016 order which denied (1) Jordan Cove’s application to construct and operate an LNG export terminal at Coos Bay, Ore., and (2) Pacific Connector Gas Pipeline’s (Pacific Connector) proposed interconnected feeder pipeline. FERC’s March 11 order found that...
Magnolia LNG Extends Offtake Agreement Closing Date
Posted on Dec 8, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Extends Offtake Agreement Closing Date
Magnolia LNG, LLC (Magnolia) and Meridian LNG Holdings Corp have agreed to further extend the financial closing date condition precedent for their offtake agreement for LNG supplies from Magnolia’s proposed LNG terminal at Lake Charles, La. from December 31, 2016 to November 30, 2017. ...