FERC Releases Draft EIS for Port Arthur LNG Facility
Posted on Oct 2, 2018
FERC Staff has released the draft environmental impact statement (DEIS) for the proposed Port Arthur LNG liquefaction and LNG export facility in Jefferson County, Texas, and interconnected pipelines. The DEIS concludes that “approval of the proposed projects, with the mitigation measures recommended in the DEIS, would have some adverse environmental impact; however, these impacts would be avoided or reduced to less-than-significant...
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LNG Canada Announces a Positive Final Investment Decision
Posted on Oct 2, 2018
LNG Canada today announced that its joint venture participants – Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – have taken a Final Investment Decision (FID) to build the LNG Canada liquefaction and LNG export facility in Kitimat, British Columbia. According to the press release, “[e]ach joint venture participant will be responsible to provide its own natural gas supply and will individually offtake and market its share of LNG. The FID is for two processing units or ‘trains,’ with first LNG expected before the middle of the next...
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China Sets 10% Tariff on U.S. LNG Imports
Posted on Sep 20, 2018
Reuters reports that China has imposed a 10% tariff on U.S. LNG imports effective September 24, 2018. The tariff is less than the expected 25% China had announced earlier. According to the report, the smaller than expected tariff helped lift the stock prices of Cheniere Energy and Golar LNG.
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Cheniere and Vitol Sign 15-Year LNG Sale and Purchase Agreement
Posted on Sep 17, 2018
Cheniere Energy, Inc. announced today that its subsidiary Cheniere Marketing, LLC (Cheniere Marketing) has entered into an LNG sale and purchase agreement (SPA) with Vitol Inc. (Vitol). Under the SPA, Vitol has agreed to purchase approximately 0.7 million tonnes per annum of LNG from Cheniere Marketing on a free on board basis for a term of approximately 15 years beginning in 2018. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a fee. ...
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FERC Releases Draft EIS for Driftwood LNG
Posted on Sep 17, 2018
FERC Staff has released the draft environmental impact statement (EIS) for Tellurian’s proposed Driftwood LNG export terminal and interconnected pipeline in Evangeline, Acadia, Jefferson Davis, and Calcasieu Parishes, La. (the Project). The Project would produce up to 26 million tonnes per annum of LNG for export. The draft EIS concludes that approval of the Project would result in adverse impacts on the environment, and with the exception of the visual impact on the nearby Driftwood Community which the draft EIS concludes would be significant, the environmental impacts would be reduced to...
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DOE Official Identifies Physical Constraints to U.S.-EU LNG Supply
Posted on Sep 14, 2018
Yesterday, the U.S. Senate Committee on Energy and Natural Resources held a hearing to examine the role of U.S. LNG in meeting European energy demand. In his prepared statement, Steven E. Winberg, Assistant Secretary for Fossil Energy at the U.S. Department of Energy (DOE), stated that despite the availability of U.S. LNG imports into Europe, there are constraints affecting the amount of LNG imported, including: (1) the fact that the European Union’s (EU) LNG import capacity of approximately 20 Bcf/day has a utilization rate of only approximately 20%; and (2) most Central and South-Eastern...
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U.S. House Approves Bill Authorizing Small-Scale LNG Exports
Posted on Sep 12, 2018
Last week, the U.S. House of Representatives passed a bill that would amend the Natural Gas Act to provide that applications for the importation or exportation of not more than 0.17 Bcf/day of natural gas and which do not require and environmental impact statement or environmental assessment shall be granted without modification or delay The bill’s provisions are similar to a final rule the U.S. Department of Energy issued in late July 2018. The bill is now before the U.S....
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