Apache Kitimat LNG Terminal Project in Doubt
Posted on Oct 23, 2012 in LNG Exports, Markets and Competition | Comments Off on Apache Kitimat LNG Terminal Project in Doubt
Apache Corporation’s proposed LNG export terminal at Kitimat, B.C., is having trouble signing long-term buyers to the project due to contract pricing issues and competition with projects proposed by bigger players. Some analysts are doubting whether the project will go forward. Read more in the Wall Street Journal...
BG Official Predicts LNG Contracts Will Continue to be Based on Oil Prices
Posted on Oct 10, 2012 in Markets and Competition | Comments Off on BG Official Predicts LNG Contracts Will Continue to be Based on Oil Prices
BG Group Chief Executive Frank Chapman said at a gas conference earlier this week that LNG contracts will continue to be based on oil prices for at least the next few decades, despite recent efforts of Asian LNG importing nations to change to gas-indexed LNG pricing. Read more in the Reuters...
Kitimat LNG Official: Oil-linked Pricing is Critical to Canadian LNG Exports
Posted on Oct 3, 2012 in LNG Exports, Markets and Competition | Comments Off on Kitimat LNG Official: Oil-linked Pricing is Critical to Canadian LNG Exports
David Calvert, an Apache Corporation vice president and manager of the Kitimat LNG joint venture, told an industry roundtable yesterday that his company remains “convinced that oil-linked pricing is critical to the viability of our Canadian LNG industry.” Calvert’s comments were in response to Cheniere Energy Inc.’s recent agreement to sell LNG from the Sabine Pass LNG...
Asian LNG Importers Seek Change in LNG Pricing
Posted on Sep 21, 2012 in Markets and Competition | Comments Off on Asian LNG Importers Seek Change in LNG Pricing
Reuters reports that Asian nations that import large quantities of LNG want to overhaul the current natural gas pricing structure that links gas prices to oil in favor of hub pricing, which would lower the costs of LNG imported to Asia. LNG producers acknowledged the issue at a conference in Tokyo this week, with Charif Souki, chairman and chief executive officer of Cheniere Energy...
Canadian Officials Seeking Asian LNG Buyers
Posted on Sep 19, 2012 in LNG Exports, Markets and Competition | Comments Off on Canadian Officials Seeking Asian LNG Buyers
Canada Natural Resources Minister Joe Oliver is visiting Japan and South Korea this week to discuss Canadian LNG opportunities with government and business leaders. Read more in the Financial Post and Reuters articles. British Columbia (BC) Premier Christy Clark recently concluded a trip to China where she spoke about BC LNG opportunities at a world economics conference. ...
Total to Purchase Sabine Pass Terminal LNG from Korea Gas Corporation
Posted on Sep 13, 2012 in LNG Exports, Markets and Competition | Comments Off on Total to Purchase Sabine Pass Terminal LNG from Korea Gas Corporation
Total Gas & Power Limited has signed an agreement with Korea Gas Corporation of South Korea for the purchase of 0.7 million metric tons per year of LNG from the Sabine Pass terminal in Louisiana over a twenty-year period. A Total press release states that the LNG will be supplied from the Sabine Pass terminal’s liquefaction train 3, which is scheduled for commissioning in...