Report: B.C. Must Move Quickly to Capture Share of Asian LNG Market
Posted on Oct 29, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Report: B.C. Must Move Quickly to Capture Share of Asian LNG Market
A new report by Canada West Foundation concludes that while LNG exports from British Columbia (B.C.) to Asia provide a great economic opportunity for the province, the government and industry must move “quickly and aggressively to beat out the competition and capture market share in Asia.” The report warns that competition among projects and other suppliers will put downward pressure...
Chevron Kitimat LNG Project Dependent on Finding Acceptable Contract Support and B.C. Tax Policy
Posted on Oct 18, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Chevron Kitimat LNG Project Dependent on Finding Acceptable Contract Support and B.C. Tax Policy
The Globe and Mail reports that Chevron Canada Ltd. President Jeff Lehrmann recently stated that its proposed Kitimat LNG export terminal project in British Columbia is dependent on Chevron finding customers willing to pay acceptable prices for the LNG and the B.C. LNG tax structure expected to be unveiled soon. Lehrman noted that Chevron has many investment opportunities worldwide and...
Jordan Cove Energy Project Enters Into Heads of Agreements with Prospective Customers
Posted on Oct 8, 2013 in LNG Exports, Markets and Competition | Comments Off on Jordan Cove Energy Project Enters Into Heads of Agreements with Prospective Customers
Veresen Inc. announced that its subsidiaries, Jordan Cove Energy Project L.P. and Pacific Connector Gas Pipeline, L.P., have entered into non-binding Heads of Agreements (HOA) with three Asian customers related to the proposed Jordan Cove LNG export facility located in Coos Bay, Ore. and its interconnected pipeline. The HOAs set out the commercial terms of the subsequent, binding,...
Energy Transfer and BG Group Reach Agreement to Jointly Develop the Lake Charles LNG Export Terminal
Posted on Oct 2, 2013 in LNG Exports, Markets and Competition | Comments Off on Energy Transfer and BG Group Reach Agreement to Jointly Develop the Lake Charles LNG Export Terminal
Energy Transfer Equity, L.P. and Energy Transfer Partners, L.P. (jointly, Energy Transfer) and BG Group announced that they have entered into a project development agreement to jointly develop the LNG export project at the existing Trunkline LNG import terminal in Lake Charles, La. The U.S. Department of Energy has given conditional approval to export LNG from the proposed project to...
Article Discusses Mexico’s Gas Shortage and Need to Import LNG
Posted on Oct 1, 2013 in Canada & Mexico, Markets and Competition | Comments Off on Article Discusses Mexico’s Gas Shortage and Need to Import LNG
An article in the Greeley Tribune examines Mexico’s need to purchase expensive LNG from world spot markets, despite its proximity to cheaper U.S. gas supplies, due to a shortage of gas pipeline capacity to meet increased demand and Mexico’s inability to tap its shale gas...
Magnolia LNG to Finalize Equity Finance Agreements with Stonepeak Partners
Posted on Sep 27, 2013 in LNG Exports, Markets and Competition | Comments Off on Magnolia LNG to Finalize Equity Finance Agreements with Stonepeak Partners
Magnolia LNG (MLNG) announced that equity finance definitive agreements with Stonepeak Partners, LP (Stonepeak) for the proposed Magnolia LNG export terminal at Lake Charles, La. are expected to be finalized and executed in October 2013. The Equity Agreements provide for Stonepeak to provide 100% of the Magnolia LNG Project’s estimated equity requirement of US$660 million at Financial...