Holdings

Pangea LNG (North America) Holdings LLC, a relative latecomer to the North American liquefied natural gas (LNG) export race, is approaching regulators, and the market, with a smaller, more scalable project on the Texas Gulf Coast that the company’s CEO, an LNG veteran, says has better odds of coming to fruition than some mega project competitors.

Pangea LNG (North America) Holdings LLC, a relative latecomer to the North American liquefied natural gas (LNG) export race, is approaching regulators, and the market, with a smaller, more scalable project on the Texas Gulf Coast that the company’s CEO, an LNG veteran, says has better odds of coming to fruition than some mega project competitors.

Pangea LNG (North America) Holdings LLC on Thursday sought liquefied natural gas (LNG) export authority for its planned facility on Corpus Christi Bay in South Texas.

Pangea LNG (North America) Holdings LLC on Thursday sought liquefied natural gas (LNG) export authority for its planned facility on Corpus Christi Bay in South Texas. The company filed an application with the U.S. Department of Energy (DOE) seeking authority to export up to 8 million metric tons per year (398.5 Bcf/year) of LNG to all current and future countries with which the U.S. has a Free Trade Agreement (FTA). The authority to export would be for a 25-year term.

CF Industries Holdings Inc., an agricultural fertilizer manufacturer and distributor, reported record third quarter earnings on Tuesday and said low natural gas costs were part of a favorable outlook for 2013.

TransCanada Corp said Monday it entered into binding agreements with Phoenix Energy Holdings Ltd. to develop a $3 billion pipeline project in Northern Alberta to move oil sands crude and large amounts of diluent.

TransAlta Corp. and MidAmerican Energy Holdings Co. are partnering to develop natural gas-fueled power generation projects in Canada.

In response to collapses at Peregrine Financial Group Inc. (see NGI, July 23) and MF Global Holdings Ltd. (see NGI, Nov. 14, 2011), both of which involved the misappropriation of customer funds, the Commodity Futures Trading Commission (CFTC) last week voted out a proposed set of rules to provide a greater level of protection to customers that participate in the futures and swaps markets, including the protection of customer funds held by futures commission merchants (FCM) and derivatives clearing organizations.

In response to collapses at Peregrine Financial Group Inc. (see Daily GPI, July 11) and MF Global Holdings Ltd. (see Daily GPI, Nov. 14, 2011), both of which involved the misappropriation of customer funds, the Commodity Futures Trading Commission (CFTC) Monday voted out a proposed set of rules to provide a greater level of protection to customers that participate in the futures and swaps markets, including the protection of customer funds held by futures commission merchants (FCM) and derivatives clearing organizations.