GDF Suez and CPC of Taiwan Enter Into Heads of Agreement for Cameron LNG Volumes
Posted on Mar 31, 2014 in LNG Exports, Markets and Competition | Comments Off on GDF Suez and CPC of Taiwan Enter Into Heads of Agreement for Cameron LNG Volumes
GDF Suez (GDF) announced that it has entered into a Heads of Agreement with CPC Corporation of Taiwan (CPC) for GDF to sell 800,000 tons per year of LNG to CPC over a 20-year period from the proposed Cameron LNG terminal near Hackberry, La. beginning...
Crowley’s Carib Energy to Supply LNG to Coca-Cola Puerto Rico Bottlers
Posted on Mar 12, 2014 in LNG Exports, Markets and Competition | Comments Off on Crowley’s Carib Energy to Supply LNG to Coca-Cola Puerto Rico Bottlers
Crowley Maritime Corporation announced that its subsidiary, Carib Energy, has been awarded a multi-year contract to supply containerized, U.S.-sourced LNG to its first industrial customer, Coca-Cola Puerto Rico Bottlers in Cayey and Club Caribe in Cidra, both wholly owned subsidiaries of CC1 Companies. According to the press release, Crowley’s domestic logistics team, which will...
Indian Oil Corp. Acquires 10% Share of Pacific NorthWest LNG Terminal
Posted on Mar 7, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Indian Oil Corp. Acquires 10% Share of Pacific NorthWest LNG Terminal
Today, Progress Energy Canada Ltd. (Progress Energy) announced that it has entered into agreements with Pacific NorthWest LNG Ltd. (PNW LNG) and Petroliam Nasional Berhad (Petronas) whereby Indian Oil Corporation Ltd. (Indian Oil), through its affiliates, will acquire a 10% interest in Progress Energy’s LNG-destined natural gas reserves in northeast British Columbia (B.C.) and in...
Magnolia LNG Signs Tolling Agreement Term Sheet with AES Latin American Development
Posted on Mar 6, 2014 in LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Signs Tolling Agreement Term Sheet with AES Latin American Development
Magnolia LNG (MLNG) has executed a non‐binding Tolling Agreement Term Sheet with AES Latin American Development, Ltd (AES) for LNG production capacity rights of between 800,000 and 1 million tonnes per year from MLNG’s proposed LNG export terminal at Lake Charles, La. According to the press release, AES is a Fortune 200 global power company with extensive investment in power...
Sabine Pass Liquefaction Files Update to NERA’s 2012 LNG Export Study
Posted on Mar 5, 2014 in Federal Regulation, Markets and Competition | Comments Off on Sabine Pass Liquefaction Files Update to NERA’s 2012 LNG Export Study
Sabine Pass Liquefaction filed with the U.S. Department of Energy (DOE) a report prepared by NERA to update NERA’s 2012 study on the macroeconomic effects of LNG exports on the U.S. economy. The report uses updated economic data based on the U.S. Energy Information Administration’s Annual Energy Outlook 2013 and International Energy Outlook 2013 studies, and reinforces NERA’s 2012...
B.C. Government Releases LNG Tax Proposal
Posted on Feb 19, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on B.C. Government Releases LNG Tax Proposal
The Globe and Mail reports that the British Columbia (B.C.) government released its proposed budget yesterday, which includes an initial tax rate of 1.5% on net income from LNG export terminals. According to the report, the tax rate will increase to as high as 7% once companies recover the capital costs of building the terminals. The article states that some independent consultants...