Toshiba Looking To Sell Down Freeport LNG Tolling Agreements
Posted on Nov 9, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Toshiba Looking To Sell Down Freeport LNG Tolling Agreements
Reuters reports that due to low Asian natural gas prices, Toshiba is looking to sell down its tolling agreements with Freeport LNG under which Toshiba must pay Freeport LNG up to $370 million per year in fees over 20 years for the Quintana Island, Texas liquefaction plant even if Toshiba does not use the facility to produce LNG. According to the report, Toshiba has held talks recently...
Downeast LNG Requests Pause of FERC Review
Posted on Nov 5, 2015 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Downeast LNG Requests Pause of FERC Review
Downeast LNG has filed a letter requesting that FERC hold its review of Downeast LNG’s proposed LNG export terminal in Robbinston, Maine in abeyance “until February 29, 2016 while Downeast LNG and its investors undertake an economic analysis of current market conditions and the associated impact on the proposed Downeast LNG project.”...
Alaska Legislature Approves State Buyout of TransCanada’s Share of the Alaska LNG Project
Posted on Nov 5, 2015 in Liquefaction, LNG Exports, Markets and Competition, Pipelines, State and Local Issues | Comments Off on Alaska Legislature Approves State Buyout of TransCanada’s Share of the Alaska LNG Project
The Alaska Journal of Commerce reports that the Alaska legislature has approved the state’s buyout of TransCanada’s share of the proposed Alaska LNG Project (AKLNG), consisting of an 800 mile pipeline to access North Slope gas supplies and a liquefaction and LNG export terminal at Nikiski. Currently, TransCanada owns 25% of the gas treatment plant and 25% of the pipeline portion of...
NextDecade Announces Heads of Agreements with Asian and European Customers
Posted on Nov 5, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on NextDecade Announces Heads of Agreements with Asian and European Customers
NextDecade LLC announced that it has signed Heads of Agreements (HOAs) with unspecified Asian and European customers for the sale and purchase of a total of 14 million tons of LNG/year. NextDecade is the sponsor of the proposed Rio Grande LNG liquefaction and export terminal in Brownsville, Texas, and the proposed Pelican Island LNG liquefaction and export terminal in Galveston,...
Hawaii Gas to Choose LNG Terminal Developer by the End of the Year
Posted on Nov 3, 2015 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Hawaii Gas to Choose LNG Terminal Developer by the End of the Year
Pacific Business News reports that Macquarie Infrastructure Company indicated in its third quarter earnings report that its subsidiary Hawaii Gas plans to award a contract by the end of 2015 for the development of an offshore floating LNG storage facility to supply various end users on the islands. The article indicates that Hawaii Gas expects to begin LNG shipments at the beginning...
Cheniere Marketing International and ENGIE Sign 5-Year LNG Sale and Purchase Agreement
Posted on Oct 30, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere Marketing International and ENGIE Sign 5-Year LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced that its subsidiary, Cheniere Marketing International LLP, has entered into a 5-year Sale and Purchase Agreement with ENGIE S.A. for the delivery of up to 12 cargoes of LNG per year (approximately 222 million MMBtus in total) from 2018 to 2023. The cargoes will be delivered on an ex-ship basis primarily to the Montoir de Bretagne LNG regasification...