Tenaska Marketing Ventures/Tenaska Marketing Canada/Tenaska Gas Storage (collectively TMV) has renewed a $1 billion committed credit facility for a four-year term maturing in July 2014. The facility, first established in 2006, will be used to finance TMV’s natural gas inventory transactions and as liquidity support for TMV’s operations. TMV is the natural gas marketing affiliate of Tenaska, which recently was ranked eighth in NGI’s North American natural gas quarterly trading survey (see Daily GPI, June 10). Tenaska regained control of TMV in January 2009 after completing a repurchase from affiliates of American International Group Inc., which at the time owned a half stake in the venture (see Daily GPI, Jan. 9, 2009). BNP Paribas and Societe Generale were co-lead arrangers of the credit facility renewal; the Bank of Tokyo-Mitsubishi UFJ, Ltd., Rabobank Nederland, Natixis and Credit Agricole CIB were co-documentation agents. A total of 20 lenders participated in the facility.
Maturing
Articles from Maturing
Storage Value, Development Predicted to Grow
The gas supply outlook has shifted from a thirst for liquefied natural gas (LNG) imports to reliance on maturing and emerging shale plays in Texas, Louisiana, Arkansas and Pennsylvania; new pipelines and capacity expansions reconfigure continental gas flows; and increasing gas-fired power generation elevates summer demand peaks. Gas storage developers are in the midst of it all.
Storage Value, Development Predicted to Grow Despite Challenges
The gas supply outlook has shifted from a thirst for liquefied natural gas (LNG) imports to reliance on maturing and emerging shale plays in Texas, Louisiana, Arkansas and Pennsylvania; new pipelines and capacity expansions reconfigure continental gas flows; and increasing gas-fired power generation elevates summer demand peaks. Gas storage developers are in the midst of it all.
Alberta Experts See Burgeoning Coalbed Methane Development
Canada’s fledgling coalbed methane production is rapidly maturing into an industry force, with a new forecast by the Alberta Energy and Utilities Board projecting 25-fold growth over the next 10 years.
Permanent U.S. LNG Market Expected as Costs Rise, Basins Decline
With rising production costs and maturing basins, natural gas demand is moving pricing to a sustained level above $4/Mcf, which in turn may support a permanent liquefied natural gas (LNG) market in the United States, according to a report issued Thursday by Standard & Poor’s (S&P).
Permanent U.S. LNG Market Expected as Costs Rise, Basins Decline
With rising production costs and maturing basins, natural gas demand is moving pricing to a sustained level above $4/Mcf, which in turn may support a permanent liquefied natural gas (LNG) market in the United States, according to a report issued Thursday by Standard & Poor’s (S&P).
Permanent U.S. LNG Market Expected as Costs Rise, Basins Decline
With rising production costs and maturing basins, natural gas demand is moving pricing to a sustained level above $4/Mcf, which in turn may support a permanent liquefied natural gas (LNG) market in the United States, according to a report issued Thursday by Standard & Poor’s (S&P).
Coalbed Methane Moves Into Canadian Spotlight
After decades as a research project, coalbed methane shows signs of spreading north and maturing into production on an industrial scale in Canada as natural-gas producers scramble at least to maintain current supplies.
Coalbed Methane Moves Into the Spotlight in Canada
After decades as a research project, coalbed methane shows signs of spreading north and maturing into production on an industrial scale in Canada as natural-gas producers scramble at least to maintain current supplies.
