Toho Gas to Purchase Cameron LNG Supplies from Mitsui at Henry Hub-Linked Prices
Posted on Jan 30, 2014 in LNG Exports, Markets and Competition | Comments Off on Toho Gas to Purchase Cameron LNG Supplies from Mitsui at Henry Hub-Linked Prices
Toho Gas Company announced that it has entered into an agreement with Mitsui to purchase over a 20-year period 300,000 tons/year of LNG from the proposed Cameron LNG export terminal in Hackberry, La. at prices linked to Henry Hub gas prices. According to the press release, LNG production at the terminal is expected to begin the second half of...
Magnolia LNG Signs Precedent Agreement for Kinder Morgan Louisiana Pipeline Capacity
Posted on Jan 29, 2014 in LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Signs Precedent Agreement for Kinder Morgan Louisiana Pipeline Capacity
Magnolia LNG has executed a legally binding Precedent Agreement with Kinder Morgan Louisiana Pipeline (KMLP) for firm transportation rights for the full 8 million tonnes/year capacity of the Magnolia LNG export terminal at Lake Charles, La. According to the press release, KMLP will proceed to file its application with FERC to construct the required pipeline compression and...
Article Discusses Issues Raised by Alaska’s Participation in LNG Project
Posted on Jan 22, 2014 in LNG Exports, Markets and Competition, State and Local Issues | Comments Off on Article Discusses Issues Raised by Alaska’s Participation in LNG Project
An article in the Alaska Dispatch discusses royalty, taxes, and market issues associated with the State of Alaska’s recent signing of an agreement to participate in the proposed Alaska LNG project, a proposed pipeline and LNG export terminal intended to access North Slope gas supplies for export to Asian nations. The article also states that Alaska Governor Parnell intends to ask the...
Kogas to Sell Sabine Pass LNG Supplies to Total
Posted on Jan 13, 2014 in LNG Exports, Markets and Competition, Uncategorized | Comments Off on Kogas to Sell Sabine Pass LNG Supplies to Total
Total announced that its affiliate Total Gas & Power Limited has entered into an agreement to purchase 700,000 tons of LNG per year for 20 years from Korea Gas Corporation (Kogas) at the Sabine Pass LNG terminal in Cameron Parish, Louisiana. The LNG will be lifted after completion of liquefaction Train 3, which is scheduled to start in 2017. According to the press release, Total...
Cabot to Supply Gas for LNG Export from Cove Point Terminal
Posted on Dec 20, 2013 in LNG Exports, Markets and Competition | Comments Off on Cabot to Supply Gas for LNG Export from Cove Point Terminal
Cabot Oil & Gas Corporation announced that it has executed a definitive gas sale and purchase agreement with Pacific Summit Energy LLC (Pacific Summit), a wholly owned subsidiary of Sumitomo Corporation. Under the agreement, Cabot will sell 350,000 MMBtu/day of natural gas from its Marcellus Shale position to Pacific Summit. The agreement has a 20-year term, commencing on the...
Freeport LNG Obtains Financing for Train Two Liquefaction Facility
Posted on Dec 18, 2013 in LNG Exports, Markets and Competition | Comments Off on Freeport LNG Obtains Financing for Train Two Liquefaction Facility
Freeport LNG Expansion, L.P. (Freeport LNG) and IFM Investors (IFM) announced that they have entered into an agreement whereby IFM will invest approximately $1.3 billion of equity funding for liquefaction Train Two at Freeport LNG’s proposed LNG export terminal on Quintana Island near Freeport, Texas. According to the press release, the balance of the Train Two capital needs will be...