Excelerate

Excelerate Energy LP affiliates have asked FERC to set aside consideration of their proposed floating liquefied natural gas (LNG) export terminal off the Texas coast because the global oil price crash has upended the economics of the project, which could have been the nation’s first floating LNG export terminal.

In a notice published in theFederal RegisterWednesday, the Transportation Department’s Maritime Administration (MARAD) announced its final authorization of the decommissioning of the Gulf Gateway Energy Bridge Deepwater Port, the first deepwater liquefied natural gas (LNG) import facility of its kind in the world. The Excelerate Energy LP facility is being retired just eight years after it went into service in the Gulf of Mexico.

Germany’s RWE Supply & Trading GmbH is selling its 50% stake in U.S. liquefied natural gas (LNG) company Excelerate Energy LP to current Excelerate co-owner George B. Kaiser.

Weaver’s Cove LNG, the liquefied natural gas (LNG) import project that seemed hardest to kill, may have finally received a death blow. Massachusetts state Sen. Joan Menard (D-Fall River) and state Rep. Robert Correia (D-Fall River) said Monday that legislation they created to restrict LNG tankers passed in both the House and Senate late Thursday night and was enacted on Monday.