Producer Sponsors Not Moving Forward on Alaska LNG Project
Posted on Aug 26, 2016 in Financing, Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Producer Sponsors Not Moving Forward on Alaska LNG Project
Alaska Dispatch News reports that at a hearing before Alaska state legislators, ExxonMobil said it will not move forward with the front-end engineering and design, or FEED phase of development of the Alaska LNG Project, which was set to start in 2017 and was expected to cost up to $2 billion. ConocoPhillips and BP, the other two producer sponsors of the project, also indicated that...
U.S. LNG Cargo Reaches China Via Expanded Panama Canal
Posted on Aug 25, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on U.S. LNG Cargo Reaches China Via Expanded Panama Canal
MarketWatch reports that the first shipment of LNG produced from the lower 48 U.S. states to reach China was shipped from the Sabine Pass LNG terminal in Cameron Parish, La., passed through the expanded Panama Canal, and arrived at the Yantian Port in southern China on Monday. The report states that the cargo was purchased by China National Offshore Oil Corp. as part of a long-term...
State to Take Over Alaska LNG Project
Posted on Aug 19, 2016 in Liquefaction, LNG Exports, Markets and Competition, State and Local Issues | Comments Off on State to Take Over Alaska LNG Project
Alaska Dispatch News reports that Alaska Gasline Development Corp. (AGDC) and the producer sponsors of the proposed Alaska LNG Project, ExxonMobil, ConocoPhillips and BP, “are working ‘cooperatively’ on a plan to turn over leadership of the project to Alaska,” according to Keith Meyer, president of AGDC. AGDC represents Alaska’s 25% interest in the project. Due to the global...
Dominion Cove Point LNG Export Terminal 67% Complete
Posted on Aug 15, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Dominion Cove Point LNG Export Terminal 67% Complete
Dominion Resources announced that its subsidiary Dominion Cove Point LNG’s liquefaction and export terminal at Lusby, Md. is now 67% complete and “continues on time and on budget for a late 2017 in-service date.” ...
Carib Energy To Supply Puerto Rico Flour Plant with LNG
Posted on Aug 5, 2016 in Liquefaction, Markets and Competition | Comments Off on Carib Energy To Supply Puerto Rico Flour Plant with LNG
Carib Energy (USA) LLC, a subsidiary of Crowley Maritime Corp. (Crowley), has been awarded a multi-year contract to supply containerized LNG shipped from Crowley’s Jacksonville, Fla. terminal to Molinos de Puerto Rico, “the Caribbean arm of Ardent Mills LLC., the territory’s leading supplier of flour as well as wheat, corn and rice-based food ingredients.” The Molinos plant will use...
Tokyo Gas Looking to Swap U.S. LNG Supplies with Europe
Posted on Aug 1, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Tokyo Gas Looking to Swap U.S. LNG Supplies with Europe
Bloomberg reports that to reduce shipping times and costs, Tokyo Gas is in talks with unnamed European companies to swap Tokyo Gas’s LNG supplies to be produced at Dominion Cove Point LNG’s terminal in Lusby, Md. with European companies’ LNG supplies produced in Asia. According to the report, Japan is seeking flexibility in its LNG supply contracts, since it is “among countries...