Sempra Energy and Mitsui Sign MOU for Development of LNG Export Projects in North America
Posted on Oct 30, 2019
Sempra Energy announced that it has entered into a memorandum of understanding (“MOU”) with Mitsui & Co., LTD. reflecting the parties’ preliminary agreement for Mitsui’s participation in the Cameron LNG Phase 2 project at Hackberry, La., and a future expansion of the Energía Costa Azul (“ECA”) LNG project in Baja California, Mexico. According to the press release, the “MOU is non-binding and contemplates the continued mutual support for the development of Cameron LNG Phase 2, including Mitsui’s purchase of up to one-third of the available...
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North Slope LNG Export Project Proposed
Posted on Oct 25, 2019
Qilak LNG, a new company headed by former Alaska Lt. Governor Mead Treadwell, announced that it plans to construct an LNG liquefaction facility at Point Thomson, Alaska, and ship LNG produced from the North Slope gas to Asian markets on ice-breaking tankers. Qilak is a subsidiary of Dubai-based Lloyds Energy. David Clarke, President and COO of Qilak, said the company has partnered with ExxonMobil, who has agreed to produce and sell at least 560 MMcf/day of natural gas from their Point Thomson field. Clarke says Qilak has already completed an initial feasibility study for the project, with a...
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FERC Releases Environmental Review Schedule for Commonwealth LNG
Posted on Oct 23, 2019
FERC has released the schedule for its environmental review of the proposed Commonwealth LNG, LLC liquefaction and LNG export facility and an associated natural gas pipeline in Cameron Parish, La. A draft environmental impact statement (EIS) is expected to be released in May 2020, and a final EIS is scheduled to be released on October 2, 2020. Other federal agencies’ reviews of the project are to be completed by December 31, 2020....
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PHMSA Proposes LNG Transportation by Rail Rule
Posted on Oct 23, 2019
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (“PHMSA”), in coordination with the Federal Railroad Administration (“FRA”), has published a notice of proposed rulemaking (“NPRM”) to authorize the transportation of LNG by rail in DOT-113 specification tank cars. According to the press release, currently, LNG may only be transported via rail in a portable tank with an approval from FRA. However, the DOT-113 specification tank car is specifically designed for the transportation of refrigerated liquefied gases, and current Hazardous Materials...
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Dominion Energy Sells 25% Interest in Dominion Cove Point LNG
Posted on Oct 23, 2019
Dominion Energy, Inc. (“Dominion Energy”) announced that it has entered into an agreement with Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc. (“Brookfield”), whereby Dominion Energy will transfer a 25% non-controlling equity interest in Dominion Energy Cove Point LNG, LP (“Cove Point”) to Brookfield in exchange for cash consideration of just over $2 billion. Cove Point owns the LNG import, export and storage facility in Lusby, Md., and a 136-mile pipeline that interconnects the facility with the interstate pipeline system....
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Pieridae Energy Acquires Shell Canada Gas Assets to Feed LNG Export Project
Posted on Oct 21, 2019
Pieridae Energy Limited, sponsor of the proposed Goldboro LNG liquefaction and export terminal in Guysborough County, Nova Scotia, announced that it has closed its acquisition of all of Shell Canada Energy’s midstream and upstream assets in the southern Alberta Foothills (the “Assets”) for $190C million. According to the press release, in the first six months of 2019, the Assets produced approximately 28,634 barrels of oil equivalent per day, consisting of approximately 119 MMcf/day of natural gas, 5,656 bbl/day of natural gas liquids and 3,163 bbl/day of condensate and light oil. Pieridae...
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Tellurian Signs Agreement to Sell LNG to Petronet
Posted on Oct 21, 2019
The Economic Times reports that Tellurian Inc., sponsor of the proposed Driftwood LNG export terminal (Driftwood) in Calcasieu Parish, La., has signed an initial agreement (memorandum of understanding) to sell LNG to India’s Petronet LNG. According to the report, Tellurian will deliver the LNG to India at a price of $6/MMBtu, “signalling a much lower price than the ceiling for output from difficult fields in India.” Petronet’s agreement with Tellurian also contemplates an 18% stake in the Driftwood project for a reported $2.5 billion....
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