Senators Submit Proposal for New LNG and CNG Retail Units
Posted on Jul 10, 2014 in Federal Regulation, Markets and Competition, Policy, Legislation and Politics | Comments Off on Senators Submit Proposal for New LNG and CNG Retail Units
Politico reports that U.S. Senator John Thune, the ranking member of the U.S. Senate Commerce Committee, and more than twenty senators have delivered a letter to the U.S. Secretary of Commerce, Penny Pritzker, recommending a proposal by the National Conference on Weights and Measures that would permit retailers to sell LNG and CNG in diesel gallon equivalent units. Senator Thune and...
Apache Corporation Seeks Buyer for Stake in the Wheatstone Project
Posted on Jul 8, 2014 in Markets and Competition | Comments Off on Apache Corporation Seeks Buyer for Stake in the Wheatstone Project
Bloomberg reports that Apache Corporation is seeking a buyer for its interests in the Wheatstone LNG project. Apache Corporation, an American oil and gas producer, has engaged in early discussions with potential buyers for its holdings in Chevron Corporation’s project in Western Australia. Within the last year, Apache Corporation has announced the sale of several sizable assets,...
Cheniere Energy Stock at All-Time High Today after Woodside Agreement
Posted on Jul 1, 2014 in LNG Exports, Markets and Competition | Comments Off on Cheniere Energy Stock at All-Time High Today after Woodside Agreement
Cheniere Energy, Inc. hit an all-time high of $72.70 per share on Monday after the company reached an agreement for Woodside Petroleum to buy 850,000 metric tons of liquefied natural gas a year from the company’s Corpus Christi export project. The Wall Street Journal [subscription required] reports that pursuant to the agreement, sales of LNG are due to begin in 2019 and continue for...
Cheniere and Woodside Sign 20-year LNG Sale and Purchase Agreement
Posted on Jun 30, 2014 in LNG Exports, Markets and Competition | Comments Off on Cheniere and Woodside Sign 20-year LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its subsidiary Corpus Christi Liquefaction, LLC has entered into a LNG sale and purchase agreement with Woodside Energy Trading Singapore Pte Ltd. As part of this agreement, Woodside has agreed to purchase approximately 0.85 million tonnes per annum of LNG from Train 2 of the Sabine Pass LNG export facility being developed near Corpus Christi...
Edmonton Industrial Park to Develop LNG for Export to China
Posted on Jun 27, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Edmonton Industrial Park to Develop LNG for Export to China
The Edmonton Economic Development Corporation (EEDC) announced plans to build a 1,000 acre industrial park in Sturgeon County, including a facility to make LNG to export to China. EEDC signed a memorandum of understanding with two partners – Gascana AB Energy Ltd. And Gascana-Sino Industrial Park Administrative Committee Inc. – to complete the Sino Canada Natural Gas Development...
Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common Stock
Posted on Jun 27, 2014 in Markets and Competition, Vessel Transportation | Comments Off on Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common Stock
On Wednesday, Golar LNG announced the pricing of its offering of 11 million shares of common stock at $54 per share. The stock opened trading today at the price of 59.27, a 9.8% increase from the offering price. Golar LNG granted its underwriters a 30-day option to purchase up to an additional 1,650,000 common shares. Proceeds from the public offering will go towards funding a...