Intends

Signing its second agreement in just over a month, Kitimat LNG Inc. and energy multinational Gas Natural have reached a deal under which Gas Natural intends to acquire up to 30% of production from Kitimat LNG’s proposed liquefied natural gas (LNG) export terminal in Bish Cove, BC. The deal also provides Gas Natural with an option to purchase an equity stake in the Kitimat LNG terminal.

Signing its second agreement in just over a month, Kitimat LNG Inc. and energy multinational GAS NATURAL have reached a deal under which GAS NATURAL intends to acquire up to 30% of production from Kitimat LNG’s proposed liquefied natural gas (LNG) export terminal in Bish Cove, BC. The deal also provides GAS NATURAL with an option to purchase an equity stake in the Kitimat LNG terminal.

John A. Catsimatidis, chairman of privately held Red Apple Group, announced last Monday he intends to develop a reorganization plan for SemGroup LP, also a privately held company in Tulsa, OK, that is a major oil and natural gas transportation and storage provider in the Midwest. SemGroup filed for bankruptcy in July, announcing it had sustained $3.2 billion in trading losses.

John A. Catsimatidis, chairman of privately held Red Apple Group, announced Monday he intends to develop a reorganization plan for SemGroup LP, also a privately held company in Tulsa, OK, that is a major oil and natural gas transportation and storage provider in the Midwest. SemGroup filed for bankruptcy in July, announcing it had sustained $3.2 billion in trading losses.

Domestic natural gas and crude oil production is “indispensable” if the United States intends to overcome its addiction to foreign oil, the incoming chairman of the Interstate Oil and Gas Compact Commission (IOGCC) said this week.

Tenaska Capital Management LLC (TCM) has formed Houston-based Voyager Midstream LLC to develop, acquire and manage midstream gas assets. The company intends to seek acquisition opportunities in some of the hot producing regions as well as develop its own market-area gas storage projects.

NorthWestern Energy Corp. intends to focus on its regulated utility assets and on building more power and natural gas transmission infrastructure in its Great Plains region, said CEO Michael Hanson during an earnings conference call last week.

Tenaska Capital Management LLC (TCM) has formed Houston-based Voyager Midstream LLC to develop, acquire and manage midstream gas assets. The company intends to seek acquisition opportunities in some of the hot producing regions as well as develop its own market-area gas storage projects.

NorthWestern Energy Corp. intends to focus on its regulated utility assets and building more power and natural gas transmission infrastructure in its Great Plains region, said CEO Michael Hanson during a recent second quarter earnings conference call.