DOE Secretary Moniz to Provide Input on LNG Export Bill
Posted on Nov 13, 2014 in Environmental, Federal Regulation, Policy, Legislation and Politics | Comments Off on DOE Secretary Moniz to Provide Input on LNG Export Bill
According to The Hill, U.S. Department of Energy (DOE) Secretary Ernest Moniz is expected to provide input on environmental review and other issues contained in legislation sponsored by Senator John Hoeven (R-ND) that is intended to expedite DOE approval of LNG export...
B.C. Proposes LNG Tax Rate
Posted on Oct 22, 2014 in Canada & Mexico, Policy, Legislation and Politics | Comments Off on B.C. Proposes LNG Tax Rate
Yesterday, the British Columbia (B.C.) government introduced the Liquefied Natural Gas Income Tax Act, which proposes to tax LNG projects at a rate of 1.5% when production begins, rising to 3.5% after capital costs are recovered and then rising to 5% after January 1, 2037. Some LNG terminal sponsors applauded the reduction in the tax rates that were originally proposed this past...
B.C.’s LNG Industry a Chance, Not a Windfall
Posted on Oct 7, 2014 in Canada & Mexico, LNG Exports, Policy, Legislation and Politics | Comments Off on B.C.’s LNG Industry a Chance, Not a Windfall
The Vancouver Sun reports that in a speech read this week by Lieutenant Governor Judy Guichon before the British Columbia (B.C.) legislature’s special session, B.C.’s nascent LNG industry was characterized as “a chance — not a windfall,” and no mention was made of Premier Christy Clark’s past “election promises for a $1-trillion economic windfall from LNG that would fill a $100-billion...
Senators Markey and Boxer Oppose Automatic Approval of Gas Exports to European Union
Posted on Oct 1, 2014 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on Senators Markey and Boxer Oppose Automatic Approval of Gas Exports to European Union
U.S. Senators Ed Markey (D-Mass.) and Barbara Boxer (D-Calif.) have sent a letter to U.S. Trade Representative Ambassador Michael Froman urging him to resist efforts by the European Union in Transatlantic Trade and Investment Partnership negotiations to include language requiring the United States to grant automatic and expeditious approval of licenses to export crude oil and natural...
B.C. Discounts Petronas Threat to Call Off LNG Export Terminal
Posted on Sep 25, 2014 in Canada & Mexico, LNG Exports, Policy, Legislation and Politics | Comments Off on B.C. Discounts Petronas Threat to Call Off LNG Export Terminal
The Globe and Mail reports that Petronas CEO Shamsul Abbas’s statement that he is “ready to call off” the proposed Pacific Northwest LNG export terminal project in British Columbia could be a negotiating tactic, according to Rich Coleman, B.C.’s Minister of Natural Gas Development. Abbas’s statement was in apparent frustration with the lengthy regulatory approval process, the...
New B.C. LNG Tax Laws to be Unveiled in October
Posted on Sep 24, 2014 in Canada & Mexico, Policy, Legislation and Politics | Comments Off on New B.C. LNG Tax Laws to be Unveiled in October
The Globe and Mail reports that British Columbia (B.C.) will unveil its proposed new tax laws for the LNG industry in October, with an anticipated implementation date of November 30,...