B.C. Government Releases Details of Pacific NorthWest LNG Deal
Posted on Jul 7, 2015 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on B.C. Government Releases Details of Pacific NorthWest LNG Deal
CBC News reports that British Columbia (B.C.) Finance Minister Mike de Jong has released details of the province’s $36-billion deal with Petronas-led Pacific NorthWest LNG (PNWLNG) to encourage construction of a liquefaction and LNG export terminal near Prince Rupert. According to the CBC News article, B.C. has agreed, for a period of 25 years, “to compensate [PNWLNG] if taxes on the...
New Report Projects $283 Billion of Planned LNG Projects Potentially Unneeded by 2025
Posted on Jul 7, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on New Report Projects $283 Billion of Planned LNG Projects Potentially Unneeded by 2025
Carbon Tracker Initiative has released a report that identifies $283 billion of potential LNG projects that by 2025 are likely to be surplus if increased global gas demand is restrained “to stay within a carbon budget that limits global warming to the 2⁰C United Nations’ target.” By 2035, the study finds the value of unneeded LNG projects rises to $379 billion, with $82 billion of...
Project Agreements Signed with First Nations for LNG Canada’s Feeder Pipeline
Posted on Jun 30, 2015 in Canada & Mexico, Environmental, LNG Exports, Markets and Competition, Pipelines | Comments Off on Project Agreements Signed with First Nations for LNG Canada’s Feeder Pipeline
TransCanada announced its Coastal GasLink Pipeline Project (Coastal GasLink) has signed project agreements with Canadian First Nations Wet’suwet’en First Nation, Skin Tyee Nation, Nee-Tahi-Buhn Band, Yekooche First Nation, Doig River First Nation, and Halfway River First Nation, whose traditional and treaty territories are located along the proposed Coastal GasLink pipeline...
U.S. Trade and Development Agency Awards Grant to Study Panama Canal LNG Import Terminal
Posted on Jun 29, 2015 in Markets and Competition | Comments Off on U.S. Trade and Development Agency Awards Grant to Study Panama Canal LNG Import Terminal
The U.S. Trade and Development Agency has awarded a grant to the Panama Canal Authority (ACP) to conduct a feasibility study related to the construction of an LNG import terminal and other LNG infrastructure at the Panama Canal. The study is intended to provide the ACP with options to take advantage of the increase in LNG tanker traffic anticipated from the expansion of the Panama...
Pacific NorthWest LNG Announces Conditional Final Investment Decision
Posted on Jun 12, 2015 in Canada & Mexico, Environmental, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Pacific NorthWest LNG Announces Conditional Final Investment Decision
Petronas-led Pacific NorthWest LNG (PNW LNG) announced that the required technical and commercial components of its proposed liquefaction and LNG export terminal on Lelu Island, near Prince Rupert, British Columbia, have been satisfied. PNW LNG stated that it has resolved to move forward with a positive Final Investment Decision (FID) on the project, subject to two conditions: the...
Cheniere to Jointly Sponsor Live Oak LNG and Louisiana LNG Projects with Parallax Enterprise
Posted on Jun 11, 2015 in Financing, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere to Jointly Sponsor Live Oak LNG and Louisiana LNG Projects with Parallax Enterprise
Cheniere Energy announced that it has agreed in principle to partner with Parallax Enterprises, LLC (Parallax), to develop up to 10 million tonnes per annum (mtpa) of LNG production capacity through Parallax’s two proposed mid-scale LNG export terminal projects: Live Oak LNG, to be located on the Calcasieu Ship Channel in southwestern La., and Louisiana LNG (LLNG), to be located...