Veresen Announces Agreement for Jordan Cove LNG Supplies
Posted on Mar 22, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Veresen Announces Agreement for Jordan Cove LNG Supplies
Veresen Inc., sponsor of the proposed Jordan Cove Energy Project LNG export terminal at Coos Bay, Ore., announced that it has finalized the key commercial terms with JERA Co., Inc., (JERA) for the purchase by JERA of at least 1.5 million tonnes per annum of natural gas liquefaction capacity for an initial term of 20 years at the Jordan Cove LNG facility. JERA is a joint venture of...
Repsol’s Canaport LNG Terminal Conversion to Exports Put on Hold
Posted on Mar 17, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Repsol’s Canaport LNG Terminal Conversion to Exports Put on Hold
CBC News reports that Repsol has put on hold its proposal to convert the Canaport LNG import terminal in New Brunswick, Canada into an export terminal. The company attributed the decision to its inability to find outside investors and current market conditions, which make the conversion uneconomical. ...
FERC Denies Jordan Cove Energy Project’s Application to Construct LNG Export Terminal
Posted on Mar 11, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on FERC Denies Jordan Cove Energy Project’s Application to Construct LNG Export Terminal
Today, FERC issued an order denying Jordan Cove Energy Project’s application to construct an LNG export terminal at Coos Bay, Ore. and Pacific Connector Gas Pipeline’s application to construct an interconnected pipeline. Regarding the interconnected pipeline, FERC found that “Pacific Connector has presented little or no evidence of need” for the pipeline, stating that “Pacific...
Veresen Still Looking for First Customer for Jordan Cove LNG Export Terminal
Posted on Mar 11, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Veresen Still Looking for First Customer for Jordan Cove LNG Export Terminal
Financial Post reports that executives from Veresen Inc., sponsor of the proposed Jordan Cove Energy Project LNG export terminal at Coos Bay, Ore., recently stated that the company is still looking to sign up its first customer for the LNG supplies to be produced and exported at the...
EIA Projects Record High Natural Gas Production and Consumption for 2016
Posted on Mar 9, 2016 in Federal Regulation, LNG Exports, Markets and Competition | Comments Off on EIA Projects Record High Natural Gas Production and Consumption for 2016
Reuters reports that U.S. natural gas production in 2016 is expected to reach a record high of 79.68 Bcf/day according to the U.S. Energy Information Administration’s (EIA) March 2016 Short-Term Energy Outlook. The forecast would be the sixth consecutive annual record high for U.S. gas production. Natural gas consumption is projected to increase to 76.79 Bcf/day, which would be the...
Petronas Releases Statement on Pacific NorthWest LNG Export Project
Posted on Mar 9, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Petronas Releases Statement on Pacific NorthWest LNG Export Project
Malaysian state oil company Petronas, primary sponsor of the proposed Pacific NorthWest LNG export terminal in British Columbia, issued a press release stating that it “is proactively taking steps to mature the project towards its Final Investment Decision” and, once a federal environmental assessment report is completed, it will review the report’s findings and the LNG market outlook...