Cheniere Energy Inc. unit Sabine Pass Liquefaction LLC has applied to the U.S. Department of Energy to export additional volumes from its planned terminal in Cameron Parish, LA. Sabine Pass is seeking authorization to export to both free trade agreement (FTA) and non-FTA countries the equivalent of 101 Bcf per year in support of a contract it struck last December with Total Gas & Power North America Inc. (see Daily GPI, Dec. 18, 2012). The term of the 20-year agreement begins upon the first commercial delivery for the project’s fifth train and has an extension option of up to 10 years. However, Sabine Pass said it is not obligated to serve the Total contract from train five and may use whatever capacity is available at the facility. Recently, Sabine Pass and related companies filed at the Federal Energy Regulatory Commission to set in motion the approval process for the project’s fifth and sixth trains (see Daily GPI, March 7).
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Evaluate LNG Export in Trade Policy Context, Researcher Says
As it weighs the implications of allowing liquefaction and export of domestic natural gas, the U.S. Department of Energy should consider “benefits from trade that are difficult to quantify or not evident at first sight,” a researcher said in a recent white paper.
Abundant NatGas Supplies Help Push Dominion To Close Wisconsin Nuclear Plant
Dominion Resources Inc. announced Monday that it plans to close and decommission a nuclear power plant in Wisconsin next year, a decision the company said was made in part due to continuing low natural gas prices.
Petronas-Progress Combo to Deliver Canadian Shale Gas to the World
Malaysian national oil company Petronas plans to combine its liquefied natural gas (LNG) expertise with the unconventional resources abilities of Calgary-based Progress Energy Resources Corp. by acquiring Progress in a deal worth C$5.5 billion including debt. The combined enterprise would deliver Canadian natural gas to world markets.
Chevron’s Angola LNG Seeking Non-U.S. Cargo Destinations
Chevron Corp.’s Angola LNG (liquefied natural gas) liquefaction project in southern Africa is speeding toward first cargo some time during the second quarter. While capacity contracting has long been under way on the company’s Gorgon and Wheatstone LNG projects in Australia, not so with Angola LNG, which was conceived years ago as an LNG supplier to the United States.
Chevron’s Angola LNG Seeking Non-U.S. Cargo Destinations
Chevron Corp.’s Angola LNG (liquefied natural gas) liquefaction project in southern Africa is speeding toward first cargo some time during the second quarter. While capacity contracting has long been under way on the company’s Gorgon and Wheatstone LNG projects in Australia, not so with Angola LNG, which was conceived years ago as an LNG supplier to the United States.
LNG Export Consumer Impact Is Pennies Per MMBtu, Says Deloitte
Liquefaction and export of domestic U.S. gas is no longer a pipe dream but an eventual certainty given the abundance of supplies from shales and thirst for gas in other parts of the world, particularly in Asian markets, said speakers at Deloitte’s annual Oil & Gas Conference in Houston Thursday. True, there are export naysayers; a recent Deloitte study commissioned by BG Group addresses at least some of their concerns.
Industry Brief
Operations at the Kenai, AK, liquefied natural gas (LNG) liquefaction and export terminal have been extended until October to fill an additional order, the Associated Press reported. In February the plant’s operator, ConocoPhillips, said the facility would close in the coming months due to the expiration of an existing LNG supply contract with a customer in Japan (see Daily GPI, Feb. 11). However, additional orders for shipments to Japan and one to China were secured.
LNG Trucking Proposed in Alaska
Golden Valley Electric Association (GVEA) and Flint Hills Resources Alaska are working on a plan to construct a natural gas liquefaction facility on the North Slope and truck its liquefied natural gas (LNG) output to the state’s Interior by the first quarter of 2014.
North Slope LNG Trucking Proposed in Alaska
Golden Valley Electric Association (GVEA) and Flint Hills Resources Alaska are working on a plan to construct a natural gas liquefaction facility on the North Slope and truck its liquefied natural gas (LNG) output to the state’s Interior by the first quarter of 2014.
