BP to Market Freeport LNG Supplies to India
Posted on Aug 14, 2013 in LNG Exports, Markets and Competition | Comments Off on BP to Market Freeport LNG Supplies to India
The Economic Times reports that BP will market some of its LNG supplies from the proposed Freeport LNG export terminal at Quintana Island, Texas, to India through Indian Gas Solutions, a joint venture of BP and Reliance Industries,...
Gas Natural Fenosa Group Affiliate Enters Into Tolling Heads Agreement for Magnolia LNG Capacity
Posted on Aug 8, 2013 in LNG Exports, Markets and Competition | Comments Off on Gas Natural Fenosa Group Affiliate Enters Into Tolling Heads Agreement for Magnolia LNG Capacity
Liquefied Natural Gas Limited announced that it has signed a non‐binding Tolling Heads of Agreement with Gas Natural SDG, S.A., an affiliate of the Gas Natural Fenosa Group, in relation to the proposed Magnolia LNG export project at Lake Charles, La. The agreement contemplates a 20-year Tolling Agreement, including firm LNG production capacity of up to 1.7 million tonnes per year and...
RWE Selling its 50% Share of Excelerate Energy
Posted on Aug 2, 2013 in Markets and Competition | Comments Off on RWE Selling its 50% Share of Excelerate Energy
German utility company RWE is selling its 50% share in Excelerate Energy to Excelerate’s co-owner, George B. Kaiser. According to the press release, the global LNG market has developed to the point where RWE’s possession of Excelerate’s LNG assets is no longer required for RWE’s success in the LNG trading...
Article Examines Canadian LNG Export Market Economics
Posted on Jul 29, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Article Examines Canadian LNG Export Market Economics
An article in the Oil & Gas Financial Journal examines the market for Canadian LNG exports and concludes that successful development of Canadian gas reserves and a profitable LNG export market will require significant effort and “commercial...
Magnolia LNG Signs Term Sheet with Gunvor Group Affiliate
Posted on Jul 18, 2013 in LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Signs Term Sheet with Gunvor Group Affiliate
Magnolia LNG, LLC has executed a Term Sheet for a Tolling Agreement with Brightshore Overseas Ltd., an affiliate of Gunvor Group, for capacity at Magnolia’s proposed LNG export terminal at Lake Charles, La. Details of the Term Sheet can be found...
Neptune Deepwater Port Suspends Operations Due to Market Conditions
Posted on Jul 17, 2013 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Neptune Deepwater Port Suspends Operations Due to Market Conditions
The U.S. Maritimes Administration has approved Neptune LNG LLC’s (Neptune) request for a temporary five-year suspension of its Deepwater Port license. Neptune, which operates an LNG import facility located approximately 22 miles northeast of Boston and 7 miles southeast of Gloucester, Mass., stated that gas market conditions in the Northeast region had caused the port to be...