Cheniere Energy to Make FID on Corpus Christi LNG Train 3 Within Weeks
Posted on May 9, 2018
Reuters reports that Cheniere Energy has stated that it intends “in the next few weeks” to make a final investment decision (FID) on Train 3 at the Corpus Christi Liquefaction and export terminal under construction in Corpus Christi, Texas.
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Pieridae Energy Announces Term Sheet for Goldboro LNG Train 2 Sales
Posted on May 9, 2018
Pieridae Energy Limited has announced that it has entered into a term sheet to negotiate a binding LNG sale and purchase agreement (SPA) to supply LNG to Europe from the second train of the proposed Goldboro liquefaction facility in Nova Scotia. Under the SPA term sheet with Pieridae, the unnamed offtaker will purchase up to 1 million tonnes per annum of LNG over a 10-year period anticipated to begin the first quarter of 2023....
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Gas Sales Precedent Agreement signed for Alaska LNG Project
Posted on May 9, 2018
Alaska Gasline Development Corporation (AGDC), developer of the Alaska LNG project, has announced that it has signed a Gas Sales Precedent Agreement with BP Alaska, which sets forth the key terms, including price and volume, for AGDC to purchase BP Alaska’s share of 30 Tcf of gas from the Prudhoe Bay and Point Thomson units. BP Alaska owns a 26% share of Prudhoe Bay and a 32% share of the nearby Point Thomson field. [change font to last sentence] ...
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LNG Canada Chooses Contractor
Posted on Apr 27, 2018
Reuters reports that LNG Canada, a joint venture led by Royal Dutch Shell Plc, with partners PetroChina Co. Ltd., Korea Gas Corp. and Mitsubishi Corp., has chosen a joint venture between JGC Corp. and Fluor Corp. to do the final engineering, procurement and construction for the proposed LNG Canada terminal at Kitimat, British Columbia. A final investment decision on project is expected later this...
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Corpus Christi Holdings Seeks Additional Credit
Posted on Apr 24, 2018
Cheniere Energy, Inc. subsidiary Cheniere Corpus Christi Holdings, LLC (Corpus Christi Holdings) has engaged several financial institutions to act as Joint Lead Arrangers to structure and upsize its existing approximately $4.6 billion of credit facilities to $6.4 billion. According to the press release, the credit facilities will be used to fund a portion of the costs of developing, constructing, and placing into service three liquefaction trains and related facilities of the Corpus Christi Liquefaction project (CCL Project), and the related pipeline being developed near Corpus Christi,...
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Cheniere Energy and PHMSA Enter Consent Agreement for Sabine Pass Tank Leak
Posted on Apr 24, 2018
Cheniere Energy and the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) entered into a Consent Agreement and Order that sets forth the corrective measures to be implemented before the company may return to service two LNG storage tanks at its Sabine Pass LNG export terminal in Cameron Parish, La. The tanks have been offline since an inadvertent release of LNG earlier this year. According to a Platts report, the agreement “calls for repairs and continued investigation of the root cause of the mishap that occurred January 22, while also suggesting that once modifications...
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Freeport LNG Pushes Back In-Service Date to Sept. 2019
Posted on Apr 19, 2018
Reuters reports that Freeport LNG has pushed back the projected start date for its $13 billion LNG export terminal under construction on Quintana Island, Texas, by about nine months to around September 1, 2019. Freeport LNG announced that the first liquefaction train is now expected to enter service around September 1, 2019, with the second and third trains expected in service around January 1 and May 1, 2020, respectively. The reasons for the delay were undetermined at this point and under investigation according to a Freeport LNG...
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