Freeport LNG Expansion LP has struck two binding 20-year liquefaction tolling agreements (LTA) for its proposed natural gas liquefaction and loading facility on Quintana Island near Freeport, TX. The separate agreements are with SK E&S LNG LLC (SK) and Toshiba Corp., each for a base quantity of 2.2. million tons per annum (mtpa).
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TEPCO Plans Henry-Linked LNG Supply
Tokyo Electric Power Co. (TEPCO) is about to strike its first-ever long-term contract for liquefied natural gas (LNG) supply indexed to the Henry Hub, the Japanese utility said last week. TEPCO has been in talks with Mitsui & Co. Ltd. and Mitsubishi Corp. to acquire LNG from Sempra Energy’s Cameron LNG terminal in Louisiana.
Tokyo Electric Buying LNG at Henry Hub Index
Tokyo Electric Power Co. (TEPCO) is about to strike its first-ever long-term contract for liquefied natural gas (LNG) supply indexed to the Henry Hub, the Japanese utility said Wednesday. TEPCO has been in talks with Mitsui & Co. Ltd. and Mitsubishi Corp. to acquire LNG from Sempra Energy’s Cameron LNG terminal in Louisiana.
Energy Department Hit by Hackers
A “cyber incident” at Department of Energy (DOE) headquarters in Washington, DC, in mid-January targeted the agency’s network “and resulted in the unauthorized disclosure of employee and contractor” information.
Atlas Resources Buys Another Big Barnett Asset
Atlas Resources Partners LP (ARP) has made a friendly deal to take over privately held Barnett Shale operator Titan Operating LLC for $184 million, giving the Philadelphia-based operator another big natural gas liquids (NGL) lift in the heart of Texas.
Quicksilver: JVs On Their Way
Quicksilver Resources Inc. is on track to strike joint ventures (JV) by the end of this year to aid in the development of its West Texas and Horn River properties, CEO Glenn Darden told financial analysts Monday.
Southern Union on ‘Most Wanted’ List
An attempt by Williams late last month to snatch Southern Union Co. has forced Energy Transfer Equity LP (ETE) to strike back with a sweetened offer of $40/share.
House Panel to Vote on Hydrofracing Amendment Thursday
An amendment by Rep. John Fleming (R-LA) seeking to strike a provision allowing federal regulation of hydraulic fracturing (hydrofracing) activities on federal lands fueled an extensive debate during mark-up of a broader bill by the House Natural Resources Committee.
GOP Efforts to Water Down Derivatives Reform Defeated
Capping a full day of debate on the financial regulatory reform bill Wednesday, the Senate fought back Republican efforts to strike a provision that would force large banks and financial institutions to spin off their lucrative derivatives business.
GOP Seeks to Strike Provision on Swap Spin-Offs
Senate Republicans last Thursday offered an amendment to strike a Democratic provision in the financial regulatory reform bill that could prohibit any kind of federal assistance to swap dealers, such as Wall Street banks, that engage in derivatives transactions.