Meridian LNG Holdings to Move Forward on Tolling Agreement with Magnolia LNG
Posted on Apr 24, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Meridian LNG Holdings to Move Forward on Tolling Agreement with Magnolia LNG
Liquefied Natural Gas Limited, 100% owner of Magnolia LNG, LLC (Magnolia), announced that it has been notified by Meridian LNG Holdings Corp. (Meridian LNG) that Meridian LNG intends to move forward on the completion of a 20‐year liquefaction tolling agreement (LTA) with Magnolia, now that Meridian LNG has executed a 20‐year gas sales agreement with E.On Global Commodities SE (E.On...
Toho Gas Enters Into Heads of Agreement with Mitsubishi Subsidiary for Cameron LNG Supplies
Posted on Apr 24, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Toho Gas Enters Into Heads of Agreement with Mitsubishi Subsidiary for Cameron LNG Supplies
Japanese gas company Toho Gas Co., Ltd. (Toho) has announced that it has entered into a Heads of Agreement with Diamond Gas International Pte. Ltd., a 100% subsidiary of Mitsubishi Corporation, for the purchase of LNG produced at the Cameron LNG project in Hackberry, La. Under the agreement, Toho will purchase approximately 200,000 tons of LNG/year for 20 years from the start of...
Louisiana LNG Energy Re-Evaluating Gas Market
Posted on Apr 22, 2015 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Louisiana LNG Energy Re-Evaluating Gas Market
Louisiana LNG Energy (LLNGE) has submitted a report to FERC regarding the status of its proposed LNG export terminal (Project) on the Mississippi River downstream from the Port of New Orleans near Mile Marker 46. LLNGE states that it is “currently re-evaluating the natural gas market and working with potential new investors for the Project” and the “Project schedule is anticipated to...
Cheniere to Make FID on Corpus Christi LNG Terminal Within 30 Days
Posted on Apr 14, 2015 in Financing, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere to Make FID on Corpus Christi LNG Terminal Within 30 Days
Reuters reported today that Cheniere Energy plans to make a final investment decision (FID) within 30 days on its proposed Corpus Christi LNG liquefaction and export terminal in Corpus Christi Bay, San Patricio County, Texas....
Apache Closes Sale of Kitimat LNG Interest to Woodside
Posted on Apr 10, 2015 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Apache Closes Sale of Kitimat LNG Interest to Woodside
Today, Apache Corporation announced that it has completed the previously disclosed sale of its 50% interest in the Kitimat LNG project and related upstream acreage in the Horn River and Liard natural gas basins in British Columbia, Canada, to Woodside Petroleum Limited. Total proceeds from the $854 million sale include $354 million in adjustments for reimbursement of net expenditures...
Oil Price Slump Improves Viability of Petronas’ Proposed B.C. LNG Export Terminal
Posted on Apr 9, 2015 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Oil Price Slump Improves Viability of Petronas’ Proposed B.C. LNG Export Terminal
Lower oil prices have enabled Pacific NorthWest LNG (PNWLNG), majority-owned by Malaysian state oil company Petronas, to lock in significantly lower development costs for its proposed LNG export terminal at Port Edward, British Columbia, improving the project’s economic viability. According to the Financial Post article, PNWLNG anticipates a final investment decision for the project...