Cheniere and EDP Energias de Portugal Sign Deal for Corpus Christi LNG Supplies
Posted on Dec 19, 2014 in LNG Exports, Markets and Competition | Comments Off on Cheniere and EDP Energias de Portugal Sign Deal for Corpus Christi LNG Supplies
Yesterday, Cheniere Energy announced that its subsidiary, Corpus Christi Liquefaction, LLC has entered into an agreement with EDP Energias de Portugal S.A. (EDP) under which EDP will purchase approximately 0.77 million tonnes of LNG per year for 20 years from Train 3 of the proposed Corpus Christi LNG terminal near Corpus Christi, Texas. EDP will purchase the LNG on a free on board...
Apache to Sell Kitimat LNG Share to Woodside Petroleum
Posted on Dec 15, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Apache to Sell Kitimat LNG Share to Woodside Petroleum
The Globe and Mail reports that Australian oil and natural gas company Woodside Petroleum Ltd. has agreed to buy Apache Corporation’s 50% stake in the proposed Kitimat LNG export terminal project in British Columbia. Chevron Corporation holds the other 50% interest in Kitimat...
IEA Report Estimates Canadian LNG Supplies Will Be Among the Most Expensive
Posted on Nov 13, 2014 in Canada & Mexico, Markets and Competition | Comments Off on IEA Report Estimates Canadian LNG Supplies Will Be Among the Most Expensive
The Financial Post reports that a new International Energy Agency study predicts that LNG supplies from Canada will be among the most expensive in the world, second to Australia LNG...
Article Discusses Marketing Efforts of U.S. West Coast LNG Export Terminal Sponsors
Posted on Nov 13, 2014 in Markets and Competition | Comments Off on Article Discusses Marketing Efforts of U.S. West Coast LNG Export Terminal Sponsors
Representatives from Oregon LNG and Jordan Cove Energy Project, sponsors of two proposed LNG export terminals in Oregon, were in Asia recently trying to enlist buyers of LNG supplies from their terminals. The sponsors touted the benefits of their projects’ locations compared to terminals located on the U.S. Gulf Coast. Read more in the Petroleum Economist...
BG Group to Delay Proposed B.C. Prince Rupert LNG Terminal
Posted on Oct 29, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on BG Group to Delay Proposed B.C. Prince Rupert LNG Terminal
An article in the Financial Post, citing a report in The Wall Street Journal [subscription required], states that BG Group Plc is likely to delay its proposed LNG export terminal at Prince Rupert, British Columbia (B.C.) to provide time to assess the market once U.S. LNG supplies come on-line. The article quotes BG Canada President Madeline Whitaker as stating “We’d always said...
Woodfibre LNG and China’s Guangzhou Gas Group Sign Preliminary Offtake Agreement for B.C. LNG Supplies
Posted on Sep 26, 2014 in Canada & Mexico, Markets and Competition | Comments Off on Woodfibre LNG and China’s Guangzhou Gas Group Sign Preliminary Offtake Agreement for B.C. LNG Supplies
Reuters reports that Woodfibre LNG (Woodfibre) has signed a preliminary offtake agreement with Chinese gas distributor Guangzhou Gas Group Co. Ltd (Guangzhou) for LNG supplies from Woodfibre’s proposed LNG terminal near Squamish, British Columbia (B.C.). The article states that under the agreement, Woodfibre will provide 1 million tonnes of LNG per year, approximately half of the LNG...