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Analyst: Window of Opportunity for New LNG Projects Closed

The Financial Post reports that Noel Tomnay, vice-president global gas and LNG research for Wood Mackenzie, stated in an interview that due to a global LNG supply glut “the window of opportunity [for new LNG export projects] closed over six months ago for everyone, not just for Canada.”  Tomnay predicted that the two leading proposed Canadian LNG export projects, led by Shell Canada...

Excelerate Withdraws Port Lavaca LNG FERC Application

Excelerate Liquefaction Solutions (ELS) has filed a letter requesting that FERC permit withdrawal and terminate proceedings related to ELS’s proposed floating LNG export terminal at the Port of Port Lavaca-Point Comfort, Texas, and interconnecting pipeline.  ELS stated that “[f]ollowing an internal evaluation of the economic value of the Project, [it] has determined that it will no...

Hawaii Governor Opposes LNG Imports

Pacific Business News reports that Hawaii Governor David Inge, speaking at a conference in Honolulu, stated that he has “reached the conclusion that Hawaii does not need LNG in our future…. It’s time to focus all of our efforts on renewables. We will oppose the building of LNG facilities.”  Governor Inge had previously expressed support for the importation of LNG only as a bridge...

Steelhead LNG and Malahat First Nation Sign Agreements for Floating LNG Terminal

Steelhead LNG Corp. (Steelhead LNG) and the Malahat First Nation (Malahat Nation) announced completion of a Mutual Benefits Agreement and Long-Term Lease for the development of Malahat LNG, a 6 million tonnes per year floating liquefaction and LNG export terminal facility to be located approximately 8 kilometers south of Mill Bay on Vancouver Island, British Columbia.  Steelhead LNG...

New Report Projects Global Oversupply of LNG

MarketWatch reports that a new study released by Bentek Energy, “LNG Exports: Oasis or Mirage,”  projects an oversupply of LNG in global markets, predicting, among other things, that “U.S. export capacity holders are likely to operate without regard to their sunk cost tolling fees and deliver gas at a cost of feedstock plus transport plus margin.”    ...

Article Discusses Canadian East Coast LNG Export Projects

An article in the Globe and Mail reports that four LNG export projects are planned for the Canadian east coast Maritimes provinces of New Brunswick and Nova Scotia but notes that questions remain on where some of the projects will get their gas supplies to convert to LNG for export.      ...

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