Sabine Pass LNG Supplies Headed to Portugal
Posted on Apr 21, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Sabine Pass LNG Supplies Headed to Portugal
The Wall Street Journal [subscription] reports that a cargo of LNG from Cheniere Energy’s Sabine Pass LNG export terminal in Cameron Parish, La. is headed for the Port of Sines, Portugal and is expected to arrive on April 26, 2016. The cargo is the first shipment of LNG from the United States to Europe and, according to the report, U.S. LNG supplies could compete with natural gas...
Oregon LNG Project Terminated
Posted on Apr 18, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Oregon LNG Project Terminated
On Friday, Oregon LNG announced that it is “ceasing operations immediately” on its proposed LNG export terminal at Warrenton, Ore. due to Leucadia National Corporation’s decision to cease funding the project. Read more in The Daily Astorian article....
Jordan Cove Energy Project Requests Rehearing of FERC’s Order Denying LNG Export Terminal Application
Posted on Apr 11, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Jordan Cove Energy Project Requests Rehearing of FERC’s Order Denying LNG Export Terminal Application
Jordan Cove Energy Project, L.P. and Pacific Connector Gas Pipeline, LP (together, Applicants) have filed a request for rehearing of FERC’s March 11, 2016 order which rejected, based on lack of market support, Applicants’ applications to construct and operate an LNG export terminal at Coos Bay, Ore., and an interconnected pipeline. On rehearing, Applicants argue that FERC should: (1)...
Veresen Announces Another Preliminary Agreement For Jordan Cove LNG Volumes
Posted on Apr 8, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Veresen Announces Another Preliminary Agreement For Jordan Cove LNG Volumes
Veresen Inc. announced that it has reached a preliminary agreement on key terms for the purchase by Japanese company, ITOCHU Corporation, of 1.5 million tonnes per annum of natural gas liquefaction capacity at the proposed Jordan Cove Energy Project at Coos Bay, Ore. for an initial term of 20 years. According to the press release, the agreement is subject to the negotiation of a...
SCT&E LNG Announces Fourth MOU for LNG Sales
Posted on Apr 6, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on SCT&E LNG Announces Fourth MOU for LNG Sales
SCT&E LNG, Inc. announced today that it has signed a fourth non-binding Memorandum of Understanding (MOU) for the sale of LNG from its proposed liquefaction and LNG export terminal on Monkey Island in Cameron Parish, La. The announcement does not name the counterparty but states that “[t]his multi-billion dollar agreement was signed with a reputable Asian energy company that owns...
Gail India Purchases Second LNG Shipment from Sabine Pass Terminal
Posted on Apr 4, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Gail India Purchases Second LNG Shipment from Sabine Pass Terminal
Bloomberg reports that the second shipment of LNG produced at Cheniere Energy Inc.’s Sabine Pass LNG terminal in Cameron Parish, La. was purchased on a spot basis by Gail India Ltd. The shipment is expected to reach the Dabhol import terminal on India’s west coast by mid-April. According to the report, the delivered price of the cargo is about $5/MMBtu, compared to the $4.30/MMBtu...