FERC will prepare an environmental impact statement (EIS) for the floating liquefied natural gas (LNG) export terminal project of CE FLNG LLC, an affiliate of Cambridge Energy Holding LLC, which plans to construct and operate two floating natural gas liquefaction, storage and offloading units on the Mississippi River in Plaquemines Parish, LA, as well as an associated 37-mile natural gas pipeline (see Daily GPI,April 19). The Federal Energy Regulatory Commission opened a scoping period for the EIS that is scheduled to end Jan. 6 [PF13-11-000]. CE FLNG plans to moor two self-propelled liquefaction, storage and offloading vessels at the terminal that would each be about 1,100 feet long and 180 feet wide, rising about 80 feet above the waterline. The vessels would be capable of producing up to 8 million tonnes per annum of LNG and storing 250,000 cubic meters of LNG. The project has been approved for free trade agreement (FTA) country exports; approval to export to non-FTA countries is pending at the U.S. Department of Energy.
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Freeze-Offs, Cold Shuffle Rockies, California Prices; Futures Ease
Physical natural gas prices for weekend and Monday delivery on average vaulted another 62 cents in Friday’s trading. Gains were made at all but a couple of Marcellus points and were deep into double digits.
People
Freeport LNGnamed Sigmund “Sig” Cornelius successor to Charles Reimer as president and COO effective April 1, 2014. Cornelius is the retired senior vice president of finance and CFO of ConocoPhillips, where he had a 30-year career that included more than 14 years of operational profit and loss responsibilities covering domestic and international exploration and production operations and natural gas processing divisions. Reimer will remain a member of the Freeport board and will stay on as adviser to the company for at least four years after the final investment decision is made in Freeport LNG Expansion’s planned Train 3, which is expected by the end of 2014.
Futures Rattle Higher Following Hefty Storage Pull
Physical natural gas prices for delivery Friday continued their rocket-like trajectory in Thursday’s trading, adding a stout 18 cents on average.
Industry Brief
Unitil Corp. is partnering with Portwalk Place, a mixed-use development in Portsmouth, NH, to upgrade the natural gas infrastructure in the downtown area at no cost to taxpayers. Unitil is replacing older steel pipes in the surrounding area with high-density plastic pipe. The project will modernize a portion of Portsmouth’s gas infrastructure, making it more reliable, efficient and better able to meet the growing demand for natural gas, Unitil said. The company has laid more than 2,500 feet of plastic pipe in and around the downtown area, allowing the natural gas system to operate at an elevated, more consistent pressure similar to other areas of the city. Unitil is implementing a global positioning system for all new pipe laid in the ground that will provide the company access to a database of infrastructure information. Unitil is a public utility holding company with operations in Maine, New Hampshire and Massachusetts.
Permian Freeze Ices Midland Basin; El Paso Prepares for New Storm
Another severe winter storm on Wednesday began extending its icy claws through the Bakken Shale and into the Midcontinent producing areas, bringing snow, sleet and ice that was expected to reach the Permian Basin by Thursday and then move as far south as Central Texas, weather forecasters said.
Audit: Louisiana May Be Losing Millions in Oil, Gas Severance Taxes
Louisiana may be losing millions of dollars in revenue because of an inadequate system for collecting oil and gas severance taxes, according to an audit by a state official.
BOEM Schedules Eastern Gulf Lease Sale
The Bureau of Ocean Energy Management (BOEM) Tuesday said it plans to hold an oil and natural gas lease sale in March for portions of the eastern Gulf of Mexico (GOM), the first sale to be held in the offshore area in five years.
Winter Storm Puts Pipes on Alert; Forecasters Say Coldest Nov.-Dec. in 10 Years-Plus
Just one week after a Thanksgiving winter blast upended some oil and natural gas production operations in Texas, winter storm Cleon made its debut in the Upper Plains on Tuesday and has begun to sweep through the Midcontinent, dropping temperatures in some areas as low as 25 degrees below zero.
Legislation Would Prevent Surveillance by Pennsylvania DEP
A Pennsylvania lawmaker has introduced a pair of bills designed to prevent the state Department of Environmental Protection (DEP) from using unmarked vehicles and video surveillance at oil and gas work sites.
