Pieridae Energy Signs Agreement with E.ON to Supply LNG to Western Europe
Posted on Jun 3, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Pieridae Energy Signs Agreement with E.ON to Supply LNG to Western Europe
Pieridae Energy (Canada) Ltd. (Pieridae) announced today that it has entered into a 20-year sales agreement with E.ON Global Commodities SE, a subsidiary of E.ON SE, for the purchase of 5 million tons of LNG per year from Pieridae’s proposed Goldboro LNG project in Nova Scotia, Canada to several locations in Western Europe. Commercial operation for the Goldboro terminal is...
New Report Concludes LNG Exports to Have Modest Impact on Domestic Gas Prices
Posted on May 21, 2013 in LNG Exports, Markets and Competition | Comments Off on New Report Concludes LNG Exports to Have Modest Impact on Domestic Gas Prices
A new report from the Bipartisan Policy Center finds that the United States has ample natural gas supplies to meet future demand for natural gas without significant price increases and that U.S. LNG exports will have only a modest impact on domestic gas prices. The report also concludes that domestic gas prices will influence LNG export levels far more than LNG exports will influence...
Tolling Agreements Signed for Cameron LNG Capacity
Posted on May 17, 2013 in LNG Exports, Markets and Competition | Comments Off on Tolling Agreements Signed for Cameron LNG Capacity
Yesterday, GDF SUEZ S.A., Mitsubishi Corporation, and Mitsui & Co., Ltd. announced that they have signed 20-year tolling capacity and joint-venture agreements for development, financing and construction of LNG export facilities at the existing Cameron LNG import terminal in Hackberry, La. The tolling agreements subscribe the full nameplate capacity of the three-train, 13.5...
Mexico Pays Near Asian Prices for Spot LNG Cargoes
Posted on May 14, 2013 in Canada & Mexico, Markets and Competition | Comments Off on Mexico Pays Near Asian Prices for Spot LNG Cargoes
According to articles in Bloomberg and Reuters, due to increased gas demand that could not be met by U.S. gas pipeline supplies, Mexico’s state-owned electric utility Comision Federal de Electricidad recently entered into contracts for spot LNG cargoes at prices near those paid by Asian nations for LNG. The utility historically purchases U.S. gas pipeline supplies at Henry...
Commercial Framework Agreement Signed for Golden Pass LNG Exports
Posted on May 9, 2013 in LNG Exports, Markets and Competition | Comments Off on Commercial Framework Agreement Signed for Golden Pass LNG Exports
Golden Pass Products LLC announced today that affiliates Qatar Petroleum International and ExxonMobil have signed a Commercial Framework Agreement to sell up to the full 15.6 million metric ton annual output of the proposed liquefaction and export terminal project to be located at Golden Pass Products’ existing import terminal in Sabine Pass, Texas. The agreement also provides...
Moody’s Report Assesses Worldwide Impacts of U.S. LNG Exports
Posted on May 1, 2013 in LNG Exports, Markets and Competition | Comments Off on Moody’s Report Assesses Worldwide Impacts of U.S. LNG Exports
A new report from Moody’s Investors Service examines the impacts of U.S. LNG exports on worldwide gas markets and concludes that Asian nations will be the primary beneficiaries of the increased LNG supply options. The report also predicts that at most four of the terminal projects associated with the twenty LNG export applications pending before the U.S. Department of Energy will...