Talks

Cheniere Energy Partners LP unit Sabine Pass Liquefaction LLC is in talks with Spain’s Gas Natural Fenosa to provide gas liquefaction services at facilities it proposes to construct at the existing Sabine Pass liquefied natural gas (LNG) terminal in Cameron Parish, LA, Cheniere said Monday.

An abundance of shale natural gas reserves in China could one day cause the country to turn away from pipeline imports and liquefied natural gas (LNG), suggested analysts at Barclays Capital. But China must unlock the secrets of its shales and develop infrastructure to move the gas produced, both of which will delay any shale revolution in the People’s Republic.

Houston’s Apache Corp. is in talks to buy $10-12 billion of BP plc’s properties, including some of its Alaskan assets, two people familiar with the discussions told NGI.

Apache Corp.’s Canadian subsidiary, which had been in talks to supply natural gas to Kitimat LNG Inc.’s proposed liquefied natural gas (LNG) export terminal in Kitimat, BC, last Wednesday upped the stakes by agreeing to purchase a controlling stake in the facility for an undisclosed amount.

Apache Corp.’s Canadian subsidiary, which had been in talks to supply natural gas to Kitimat LNG Inc.’s proposed liquefied natural gas (LNG) export terminal in Kitimat, BC, on Wednesday upped the stakes by agreeing to purchase a controlling stake in the facility for an undisclosed amount.

Five months after sale talks stalled (see NGI, Sept. 3, 2007), New York Mercantile Exchange (Nymex) parent Nymex Holdings reported early last week that it is in negotiations to be acquired by the CME Group, owner of the Chicago Mercantile Exchange, in what would be an $11 billion cash and stock deal. Also last week, Nymex reported record 4Q2007 and full-year 2007 revenues.

Seminole Energy Services LLC has begun talks with producers about whether to develop new gathering, treatment and processing facilities in the Big Sandy region, which contains one of the largest gas fields in the Appalachian Basin.

While some Republicans continued to voice their opposition to the closed-door talks on the House and Senate energy bills, House leaders said a conference report reconciling the two measures could be completed by as early as mid-November, according to committee aides.

IntercontinentalExchange Inc. (ICE) said Monday the board of directors of CBOT Holdings Inc. has given the go-ahead to talks with ICE relating to its proposed acquisition of the Chicago Board of Trade parent company.