Statement

Atlantic-based IntercontinentalExchange (ICE) has announced plans to conduct an initial public offering of its common stock. It plans to file a registration statement with Securities and Exchange Commission in the next several weeks. ICE operates an online exchange for trading natural gas, crude oil and power futures and over-the-counter energy products. ICE conducts its markets for futures trading through its subsidiary, London-based International Petroleum Exchange (IPE), Europe’s leading energy futures and options exchange. ICE also announced its 2004 financial results on Wednesday, reporting revenues of $108.4 million and consolidated net income of $22 million. Consolidated cash flow from operations was $40.3 million. Capital expenditures and capitalized software in 2004 totaled $6.5 million. For 2004, volume traded on ICE’s futures subsidiary, the International Petroleum Exchange (IPE), reached 35.5 million contracts. Electronically traded IPE Brent volume increased from 2.8% of total contract volume in January 2004 to 27.2% of total contract volume in December 2004. For more information, go to www.theinterchange.com.

Cheniere Energy, Inc. said Thursday the Federal Energy Regulatory Commission has issued the Draft Environmental Impact Statement (DEIS) for Cheniere’s proposed Corpus Christi liquefied natural gas receiving terminal and associated pipeline. The facilities are designed with initial processing capacity of 2.6 Bcf/d. In the DEIS, FERC concludes that approval of the proposed project, with appropriate mitigating measures as recommended, would have limited adverse environmental impact, Cheniere said. The public comment period on the draft runs through January 4, 2005. FERC will conduct a public scoping meeting on Dec.15, 2004 to give the public an opportunity to present oral comments on the environmental impact described in the DEIS. The Houston-based LNG developer has a 66.7% interest in the Corpus Christi project. It holds a 100% interest in an LNG project at Sabine Pass in Cameron Parish, LA, which just received its final environmental okay (see Daily GPI, Nov. 15), and is also a 30% limited partner in Freeport LNG Development, L.P., for a terminal in Freeport, TX which already has received FERC authorization and has a five-year construction timetable (see Daily GPI, Sept. 16). Cheniere also conducts exploration for oil and gas in the Gulf of Mexico.

Cheniere Energy, Inc. said Thursday the Federal Energy Regulatory Commission has issued the Draft Environmental Impact Statement (DEIS) for Cheniere’s proposed Corpus Christi liquefied natural gas receiving terminal and associated pipeline. The facilities are designed with initial processing capacity of 2.6 Bcf/d. In the DEIS, FERC concludes that approval of the proposed project, with appropriate mitigating measures as recommended, would have limited adverse environmental impact, Cheniere said. The public comment period on the draft runs through January 4, 2005. FERC will conduct a public scoping meeting on Dec.15, 2004 to give the public an opportunity to present oral comments on the environmental impact described in the DEIS. The Houston-based LNG developer has a 66.7% interest in the Corpus Christi project. It holds a 100% interest in an LNG project at Sabine Pass in Cameron Parish, LA, which just received its final environmental okay (see Daily GPI, Nov. 15), and is also a 30% limited partner in Freeport LNG Development, L.P., for a terminal in Freeport, TX which already has received FERC authorization and has a five-year construction timetable (see Daily GPI, Sept. 16). Cheniere also conducts exploration for oil and gas in the Gulf of Mexico.

The Federal Energy Regulatory Commission staff said it will prepare an environmental impact statement (EIS) for the proposed Golden Pass LNG Terminal and Pipeline Project, owned by ExxonMobil. The proposed facilities would consist of a liquefied natural gas (LNG) import terminal and interconnecting pipelines near Sabine Pass, TX, 10 miles south of Port Arthur; with a 1 Bcf/d capacity, expandable to 2 Bcf/d, targeted for late 2008. ExxonMobil and Qatar Petroleum have signed an agreement to supply 15.6 million tons a year of LNG (2 Bcf/d) to the United States from Qatar for 25 years. The proposed project joined the FERC pre-filing process in November 2003. The proposed facility mirrors another ExxonMobil proposal, the Vista del Sol project on the Texas coast near Corpus Christi, which entered the pre-filing process at FERC in January of this year. The Commission’s notice earlier this week follows on a notice of environmental review and scoping issued by FERC in January. It offers a final opportunity for parties, including other government agencies to submit comments on the project’s environmental impact.

The Federal Energy Regulatory Commission staff said it will prepare an environmental impact statement (EIS) for the proposed Golden Pass LNG Terminal and Pipeline Project, owned by ExxonMobil. The proposed facilities would consist of a liquefied natural gas (LNG) import terminal and interconnecting pipelines near Sabine Pass, TX, 10 miles south of Port Arthur; with a 1 Bcf/d capacity, expandable to 2 Bcf/d, targeted for late 2008. ExxonMobil and Qatar Petroleum have signed an agreement to supply 15.6 million tons a year of LNG (2 Bcf/d) to the United States from Qatar for 25 years. The proposed project joined the FERC pre-filing process in November 2003. The proposed facility mirrors another ExxonMobil proposal, the Vista del Sol project on the Texas coast near Corpus Christi, which entered the pre-filing process at FERC in January of this year (see Daily GPI, Nov. 21, 2003). The Commission’s notice earlier this week follows on a notice of environmental review and scoping issued by FERC in January. It offers a final opportunity for parties, including other government agencies to submit comments on the project’s environmental impact.

Irving Oil said Thursday that it has submitted an environmental impact statement (EIS) for its previously announced New Brunswick liquefied natural gas (LNG) import terminal. After the government reviews the project and details are released to the public, a final government decision would follow within 60 to 90 days.

Atlantic LNG circulated a statement to project partners last Wednesday saying that it is too early to conclude that the ongoing strike by workers who are building the facility’s 800 MMcf/d fourth LNG train in Trinidad will delay completion of the expansion project past December 2005.

Irving Oil said Thursday that it has submitted an environmental impact statement (EIS) for its previously announced New Brunswick liquefied natural gas (LNG) import terminal. After the government reviews the project and details are released to the public, a final government decision would follow within 60 to 90 days.

Atlantic LNG circulated a statement to project partners Wednesday saying that it is too early to conclude that the ongoing strike by workers who are building the facility’s 800 MMcf/d fourth LNG train will delay completion of the expansion project past December 2005.