J.P. Morgan and Cheniere Energy Inc. have joined forces in the global liquefied natural gas (LNG) market in a deal that gives the gas and power trading house access to regasification capacity at Cheniere’s Sabine Pass terminal in Louisiana.
Forces
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J.P. Morgan, Cheniere Partnering at Sabine Pass
J.P. Morgan and Cheniere Energy Inc. have joined forces in the global liquefied natural gas (LNG) market in a deal that gives the gas and power trading house access to regasification capacity at Cheniere’s Sabine Pass terminal in Louisiana.
Dominion, Williams Partner to Pipe Gas from REX Terminus
Williams and Dominion are joining forces to develop the Keystone Connector pipeline, designed to carry up to 1 Bcf/d from the Rockies Express Pipeline (REX) terminus in Ohio to eastern and Mid-Atlantic markets. Under the proposal announced last week, the sponsors want to place the 240-mile pipeline into service by 2013.
Dominion, Williams Partner on Pipeline from REX Terminus
Williams and Dominion are joining forces to develop the Keystone Connector pipeline, which would carry up to 1 Bcf/d from the Rockies Express Pipeline (REX) terminus in Ohio to eastern and Mid-Atlantic markets. Under the proposal announced Monday, the sponsors want to place the 240-mile pipeline into service by 2013.
Green Methane Eyed by WA Public-Private Partners
Bellevue, WA-based Puget Sound Energy (PSE), Kings County, WA, and landfill gas specialist Bio Energy-Washington have joined forces on a project to use super-clean landfill gas to produce 35 MW in PSE’s existing gas-fired generation plants. They expect to produce up to 5.5 MMcf/d of “green” methane from the landfill.
Industry Briefs
MarkWest Energy Partners LP and NGP Midstream & Resources LP (M&R) are joining forces to jointly construct and operate natural gas midstream services in the Marcellus Shale. Under terms of the joint venture agreement, to be owned 60% by MarkWest and 40% by M&R, MarkWest would contribute $100 million of its Marcellus shale assets and operate the facilities. M&R would invest $200 million, which would be used to fund the project this year. Capital funding for 2010 and 2011 would be driven by producer drilling programs. To achieve the 60/40 capital structure, MarkWest would invest another $200 million in incremental capital by the end of 2011. MarkWest and M&R expect the joint venture to be capable of processing up to 240 MMcf/d for Range and other producers by the end of this year.
MarkWest Joint Venture Expands Marcellus Midstream Services
MarkWest Energy Partners LP and NGP Midstream & Resources LP (M&R) are joining forces to jointly construct and operate natural gas midstream services in the Marcellus Shale, they said Tuesday.
McCain Pledges to Attack Energy Problem on ‘Every Front’
Republican presidential contender John McCain and running mate, Alaska Gov. Sarah Palin, joined forces last week at the Republican National Convention to express their support for domestic oil and natural gas drilling.
Calgary Juniors Merge to Form Intermediate Canadian Explorer
Calgary-based juniors TriStar Oil & Gas Ltd. and Real Resources Inc. have combined forces to move into the intermediate sector of the Canadian oil patch. The merged company, which will trade under the TriStar name with TriStar management at the helm, will have combined production of more than 15,000 boe/d.
Calgary Juniors Merge to Form Intermediate Canadian Explorer
Calgary-based juniors TriStar Oil & Gas Ltd. and Real Resources Inc. have combined forces to move into the intermediate sector of the Canadian oil patch. The merged company, which will trade under the TriStar name with TriStar management at the helm, will have combined production of more than 15,000 boe/d.