Analysts: More than Half of U.S. LNG Exports Will Go to Europe by 2020
Posted on Jan 15, 2016 in LNG Exports, Markets and Competition | Comments Off on Analysts: More than Half of U.S. LNG Exports Will Go to Europe by 2020
Bloomberg reports that “Europe is set to be the key destination” for U.S. LNG supplies. Per Wood Mackenzie analysts’ predictions, 55% of U.S. LNG exports will go to Europe by 2020 due to the disappearance of the large spread between European and Asian LNG prices and Europe’s proximity to U.S. LNG export terminals....
Lithuania Postpones Plans to Import U.S. LNG
Posted on Jan 13, 2016 in Gas Composition, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Lithuania Postpones Plans to Import U.S. LNG
Reuters reports that Lithuania’s state energy company has postponed plans to import LNG from the United States because the LNG is too “calorific” and does not meet the specifications needed for the country’s gas distribution system, which was designed to use Russian gas. According to the report, Lithuanian company LITGAS has been negotiating for LNG deliveries from Cheniere...
Comments Opposing Jordan Cove LNG Project Urge Denial of Application
Posted on Dec 16, 2015 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition, Pipelines | Comments Off on Comments Opposing Jordan Cove LNG Project Urge Denial of Application
Comments filed at FERC by Citizens Against LNG urge FERC to reject the proposed Jordan Cove Energy LNG export project in Coos Bay, Ore. because of negative environmental and economic impacts and market conditions, and after eleven years of planning, Jordan Cove Energy “has no signed gas contracts” for the LNG to be produced at the...
Article Discusses the Replacement of Cheniere Energy’s CEO and Global LNG Markets
Posted on Dec 15, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Article Discusses the Replacement of Cheniere Energy’s CEO and Global LNG Markets
The New York Times reports on the differing views of the global LNG market held by Cheniere Energy’s recently replaced CEO Charif Souki and the company’s board of directors, which now includes allies of “activist investor” Carl Icahn, who recently acquired a significant stake in the company. ...
Cheniere Energy’s CEO Charif Souki Replaced
Posted on Dec 14, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere Energy’s CEO Charif Souki Replaced
Cheniere Energy (Cheniere) announced that Charif Souki, Cheniere’s co-founder, Chairman, President and Chief Executive Officer, has been replaced by Neal A. Shear as interim President and Chief Executive Officer, and G. Andrea Botta as Chairman of its Board of Directors, effective immediately. Cheniere is owner and operator of the Sabine Pass Liquefaction LNG import/export...
Magnolia LNG Announces Contract with KBR-SK JV for Export Terminal Construction
Posted on Nov 18, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Announces Contract with KBR-SK JV for Export Terminal Construction
Magnolia LNG announced that it has executed a legally binding lump sum turnkey engineering, procurement and construction contract with the KBR-SKE&C joint venture for the proposed Magnolia LNG export terminal project at Lake Charles, La. The contract costs $4.354 billion and covers the engineering, procurement and construction of four LNG production trains with design capacity of...