Lightfoot Capital Partners plans to make an undisclosed direct investment and own a 48% interest in Arc LNG Holdings LLC, which will own a 20% interest in Gulf LNG Energy’s new liquefied natural gas (LNG) terminal in Pascagoula, MS. The $1.1 billion facility is expected to be completed in November and will have a capacity of 1.3 Bcf/d, which is all contracted for the next 20 years under firm service agreements. Lightfoot’s investment comes as Atlas Energy LP (ATLS) announced that GE Energy Financial Services, a GE subsidiary, will invest in Lightfoot to own a general partner interest and a 58% limited partner interest. As a result, ATLS will own about a 16% general partner/12% limited partner interest in Lightfoot, which is the general partner and majority owner of Arc Terminals LP.
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S&P: Shale Impacts Pipeline Sector
While emphasis on safety is being monitored, the continuing shale gas boom is having a more direct impact on the natural gas pipeline sector, according to Standard & Poor’s Ratings Services (S&P) analyst Bill Ferara.
S&P: Shale, More Than Regulation, Impacts Pipeline Sector
While emphasis on safety is being monitored, the continuing shale gas boom is having a more direct impact on the natural gas pipeline sector, according to a Standard & Poor’s Ratings Services (S&P) analyst who spoke Tuesday with NGI. S&P’s Bill Ferara said the pipeline sector is in a period of transformation from emphasis on long-haul pipes to shorter increments tied to shale basins.
Pennsylvania Legislator Proposes Stiff Marcellus Impact Fee
Revenue raised through a proposed impact fee that would cost Marcellus Shale drillers a minimum $10,000 per well annually is needed to help close a project $4.2 billion budget gap in Pennsylvania, according to state Senate President Pro Tempore Joe Scarnati (R-Jefferson).
Survey: Some Media More Marcellus-Friendly
Mainstream media coverage of natural gas development in the Marcellus Shale has turned negative, according to a recent study conducted by a Pennsylvania-based public relations firm in conjunction with a Marcellus online discussion forum.
Natural Gas Can Wait, Says Chesapeake CEO
In recognition of the “value gap” between oil and natural gas prices, Chesapeake Energy Corp. will continue to direct a big chunk of its technological and leasehold acquisition expertise to “identify, secure and commercialize” new unconventional liquids-rich plays, CEO Aubrey McClendon said Wednesday.
Bison Pipeline Still Not In Service; No Impact From NTSB
While there is no direct impact from Monday’s National Transportation Safety Board (NTSB) urgent pronouncement related to natural gas transmission pipelines, TransCanada’s new Bison Pipeline between Wyoming and North Dakota is still not in service because of some final commissioning work, some of which relates to the monitoring of pipeline pressures, a Houston-based TransCanada spokesperson told NGI Tuesday.
Direct Yemen-to-U.S. LNG Shipment Prompts Security Review
A proposed first-ever direct shipment of liquefied natural gas (LNG) from Yemen, where Al-Qaeda threats have intensified, to Boston Harbor tentatively in February has prompted the U.S. Coast Guard there to review its tanker security.
Direct Yemen-to-U.S. LNG Shipment Prompts Security Review
A first-ever proposed direct shipment of liquefied natural gas (LNG) from Yemen, where Al-Qaeda threats have intensified, to Boston Harbor tentatively in February has prompted the U.S. Coast Guard there to review its tanker security.
Lawsuit Challenges Western Energy Corridor Plan
Declaring federally designated energy corridors in 11 western states “coal friendly” and in direct opposition to nine states’ renewable portfolio standards (RPS), 14 environmental groups and San Miguel County, CO, last week filed a lawsuit challenging the Bush-era designations.