Pieridae Energy to Make FID on Goldboro LNG Terminal by Year’s End
Posted on Oct 12, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Pieridae Energy to Make FID on Goldboro LNG Terminal by Year’s End
The Guysborough Journal reports that Pieridae Energy has confirmed that it intends to make a final investment decision (FID) on its proposed $8 billion Goldboro LNG export terminal in Guysborough County, Nova Scotia by the end of 2016. According to the article, Pieridae Energy signed in 2013 a 20-year LNG purchase agreement with Europe’s E.ON Global Commodities SE....
Petronas Considering Selling Stake in Proposed B.C. LNG Terminal
Posted on Sep 30, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Petronas Considering Selling Stake in Proposed B.C. LNG Terminal
Reuters reports that three unnamed sources “familiar with the matter” have revealed that Petronas is considering selling its majority stake in the proposed $27 billion Pacific NorthWest LNG export terminal near Prince Rupert, British Columbia due to financial constraints and low global LNG prices. The Canadian government approved the project with 190 conditions earlier this week....
U.S. Senators Ask DOE to Slow Down LNG Export Approvals
Posted on Sep 26, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on U.S. Senators Ask DOE to Slow Down LNG Export Approvals
A group of twelve U.S. Senators has sent a letter to U.S. Secretary of Energy Moniz requesting that “DOE slow its [LNG export] approval process until the full impacts of currently approved exports are realized.” The letter expresses concerns that LNG exports will increase domestic natural gas prices, noting that “more than 60 percent of 2015 natural gas production has been approved...
Alaska and ConocoPhillips Sign MOU to Market North Slope Gas
Posted on Sep 22, 2016 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Alaska and ConocoPhillips Sign MOU to Market North Slope Gas
The State of Alaska, through the Alaska Gasline Development Corporation (AGDC) and ConocoPhillips Alaska Inc. have executed a Memorandum of Understanding (MOU) regarding negotiations to form a joint venture company (JV) to market LNG from the proposed Alaska LNG project to global LNG markets and acquire North Slope gas, with the goal of bringing LNG buyers and North Slope wellhead...
DOE Releases July 2016 LNG Import and Export Data
Posted on Sep 20, 2016 in LNG Exports, Markets and Competition | Comments Off on DOE Releases July 2016 LNG Import and Export Data
The U.S. Department of Energy (DOE) has released LNG import and export data for July 2016. The report shows the following shipments of domestically produced LNG from the Sabine Pass LNG terminal in Cameron Parish, La.: one shipment to Spain for $4.51, one shipment to China for $5.60, one shipment to Jordan for $5.60, and two shipments to Chile for $5.60. Prices are at export point in...
Pivotal LNG and Carib Energy Reach Multi-Year Supply Agreement for Puerto Rican Company
Posted on Sep 2, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Pivotal LNG and Carib Energy Reach Multi-Year Supply Agreement for Puerto Rican Company
Pivotal LNG announced that it has reached a multi-year agreement to sell LNG to Carib Energy LLC, a Crowley Maritime Corp. subsidiary. Crowley will transport and deliver the LNG in ISO containers from its Jacksonville, Fla. shipping terminal to Molinos de Puerto Rico, a subsidiary of Ardent Mills LLC, Puerto Rico’s “leading supplier of flour as well as wheat, corn and rice-based food...