Report: Planned U.S. LNG Export Terminals Face Market Uncertainty
Posted on Mar 7, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Report: Planned U.S. LNG Export Terminals Face Market Uncertainty
The U.S. Department of Energy, Energy Information Administration, has released a brief overview of the status of U.S. LNG export terminals. The report notes that “[m]arket conditions have changed since many LNG export projects in the United States were initially proposed[,]” and planned terminals “face not only increased competition from other domestic and foreign terminals that have...
Tokyo Gas Signs HOA for Cameron LNG Supplies
Posted on Mar 2, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Tokyo Gas Signs HOA for Cameron LNG Supplies
Tokyo Gas Co., Ltd. announced that it has signed a heads of agreement (HOA) with Mitsubishi Corporation subsidiary Diamond Gas International Pte. Ltd. for the sale and purchase of 200,000 tons/year of LNG over 20 years from the Cameron LNG export terminal under construction at Hackberry, La. The price for the LNG will be linked to the U.S. Henry Hub natural gas price. ...
Downeast LNG Requests FERC Continue to Hold Application in Abeyance
Posted on Mar 1, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Downeast LNG Requests FERC Continue to Hold Application in Abeyance
Downeast LNG has filed a letter requesting that FERC continue to hold processing of its application to construct an LNG export terminal in Robbinston, Maine, in abeyance until June 1, 2016. Downeast LNG requested the continuation because “discussions with existing and potential investors in the project are still ongoing.” ...
First LNG Export from the U.S. Lower 48 States Leaves Sabine Pass Terminal
Posted on Feb 25, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on First LNG Export from the U.S. Lower 48 States Leaves Sabine Pass Terminal
Reuters reports that the first LNG export cargo from the United States lower 48 states left Cheniere Energy’s Sabine Pass export terminal in Louisiana yesterday bound for Brazil....
Douglas Channel LNG Project Postponed
Posted on Feb 25, 2016 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Douglas Channel LNG Project Postponed
The Financial Post reports that the proposed small-scale Douglas Channel LNG liquefaction plant and export terminal in British Columbia has been postponed due to the inability of its sponsors “to secure meaningful off-take agreements for the project” and “due to adverse economic conditions and worsening global energy price levels.” The sponsors of the project are AltaGas, Idemitsu...
Sempra Energy and Woodside Sign Project Development Agreement for Port Arthur LNG Terminal
Posted on Feb 25, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Sempra Energy and Woodside Sign Project Development Agreement for Port Arthur LNG Terminal
Sempra Energy announced that its Sempra LNG & Midstream unit has entered into a Project Development Agreement with a subsidiary of Woodside Petroleum Ltd. (Woodside) to advance the development of the proposed Port Arthur LNG liquefaction facility and export terminal in Port Arthur, Texas. According to the press release, the new agreement expands on the companies’ June 2015...