GE Energy Financial Services plans to invest $150 million to acquire a one-third interest in the Gulf LNG Clean Energy Project, a liquefied natural gas (LNG) receiving terminal under construction by El Paso Corp. in Mississippi.
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GE Energy Financial Services plans to invest $150 million to acquire a one-third interest in the Gulf LNG Clean Energy Project, a liquefied natural gas (LNG) receiving terminal under construction by El Paso Corp. in Mississippi. Gulf LNG, which is adjacent to the Pascagoula Bayou Casotte Ship Channel, is scheduled for completion in 2011 at a cost of around $1.1 billion (see NGI, Nov. 9, 2009). The facility, which is fully contracted, is to have 6.6 Bcf of storage and be capable of 1.3 Bcf/d sendout. El Paso owns a half stake in the facility, and a subsidiary is managing construction and would be the operator (see NGI, Feb. 11, 2008). The GE business unit would acquire Houston-based Crest Group’s 30% interest. Sonangol, Angola’s national oil company, also has a 20% interest in the project.
Industry Briefs
Backers of the NorthernStar Natural Gas Corp.’s proposed Bradwood Landing liquefied natural gas (LNG) receiving terminal have joined a business-labor coalition lobbying the Oregon legislature for legislation to streamline permitting of energy and transportation projects. NorthernStar’s LNG project threw its support behind last Wednesday’s rally staged at the Oregon Capitol in Salem by Energy Action Northwest (see Daily GPI, Feb. 11). In particular, Bradwood LNG’s backers are supporting SB 1020, which they contend is needed to assure Oregon of reliable energy supplies. “Across Oregon, there are proposals to build new roads, water and sewer lines, transmission lines, rail lines and pipelines,” a Bradwood Landing spokesperson said. “Collectively, these projects would invest billions of dollars in Oregon, creating thousands of family wage jobs and putting people to work for years. Many of these projects will be funded without any taxpayer dollars.” A number of state legislators spoke in favor of the measure during the rally.
Industry Briefs
Backers of the NorthernStar Natural Gas Corp.’s proposed Bradwood Landing liquefied natural gas (LNG) receiving terminal have joined a business-labor coalition lobbying the Oregon legislature for legislation to streamline permitting of energy and transportation projects. NorthernStar’s LNG project threw its support behind last Wednesday’s rally staged at the Oregon Capitol in Salem by Energy Action Northwest (see Daily GPI, Feb. 11). In particular, Bradwood LNG’s backers are supporting SB 1020, which they contend is needed to assure Oregon of reliable energy supplies. “Across Oregon, there are proposals to build new roads, water and sewer lines, transmission lines, rail lines and pipelines,” a Bradwood Landing spokesperson said. “Collectively, these projects would invest billions of dollars in Oregon, creating thousands of family wage jobs and putting people to work for years. Many of these projects will be funded without any taxpayer dollars.” A number of state legislators spoke in favor of the measure during the rally.
First Qatar LNG Shipped to Sempra Cameron Plant
The first of what is expected to be up to 50 shipments of liquefied natural gas (LNG) from Qatar arrived at the end of November at Sempra Energy’s Cameron, LA, receiving terminal, according to a report from a unit of the U.S. Department of Energy (DOE). The initial shipment equated to 4.1 Bcf.
First Qatar LNG Shipment Goes to Sempra Cameron Plant
The first of what was expected to be up to 50 shipments of liquefied natural gas (LNG) from Qatar arrived at the end of November at Sempra Energy’s Cameron, LA, receiving terminal, according to a report from a unit of the U.S. Department of Energy (DOE). The initial shipment equated to 4.1 Bcf.
Sempra LNG, Mexican Enviros Tell Whale Tales
The North American West Coast’s only liquefied natural gas (LNG) receiving terminal has become more than a budding global energy hub. Albeit still underutilized, the terminal, located along the North Baja California coast in Mexico, has established itself as the poster child for protecting gray whales and other creatures who ply the Pacific waters from Alaska to Mexico.
Sempra LNG, Mexican Enviro Group Tell Whale of Tale
The North American West Coast’s only liquefied natural gas (LNG) receiving terminal along the North Baja California coast in Mexico, has become more than a budding global energy hub. Albeit still underutilized, it also has established itself with marine habitat protection advocates as a posture child for protecting gray whales and other creatures who ply the Pacific waters from Alaska to the long Mexican coastline.
FERC Approves Jordan Cove LNG, Affirms Sparrows Point
FERC on Thursday approved a second proposed liquefied natural gas (LNG) receiving terminal in Oregon, the Jordan Cove LNG project and related Pacific Connector pipeline, and reaffirmed its decision favoring Sparrows Point LNG in Baltimore, MD. Chairman Jon Wellinghoff dissented from the 3-1 majority on both orders, saying he had environmental and economic issues with favoring imports over domestic natural gas.
FERC Approves Jordan Cove LNG, Affirms Sparrows Point
FERC on Thursday approved a second proposed liquefied natural gas (LNG) receiving terminal in Oregon, the Jordan Cove LNG project and related Pacific Connector pipeline, and reaffirmed its decision favoring Sparrows Point LNG in Baltimore, MD. Chairman Jon Wellinghoff dissented from the 3-1 majority on both orders, saying he had environmental and economic issues with favoring imports over domestic natural gas.