Terminal

Oregon Backers: West LNG A Sure Thing, Power Prices Up

The backer of a liquefied natural gas (LNG) receiving terminal on Oregon’s Columbia River said it will cost $4/MMBtu to land LNG on the West Coast. The gas supply will be more than welcomed by the market, according to speakers at a recent industry conference.

January 21, 2008

Project Backers: West Coast LNG A Sure Thing

The backer of a liquefied natural gas (LNG) receiving terminal on Oregon’s Columbia River said it will cost $4/MMBtu to land LNG on the West Coast. The gas supply will be more than welcomed by the market, according to speakers at an industry conference.

January 16, 2008

Opponents of Oregon LNG Project Appeal to State Panel

As expected, opponents of the proposed liquefied natural gas (LNG) receiving terminal at Coos Bay, OR, have appealed recent local permits for the facility along the state’s south-central coast to the Oregon Land Use Board of Appeals.

January 4, 2008

Weaver’s Cove Pledges to Pull Latest Nail From Its Coffin

Gordon Shearer, CEO of Weaver’s Cove Energy LLC, the backer of a long-suffering proposal for a liquefied natural gas (LNG) receipt terminal in Fall River, MA, got more bad news last Wednesday in a letter from the U.S. Coast Guard. The project’s demise could be at hand, but a spokesman says an appeal is as well.

October 29, 2007

Coast Guard Rejection Could End Weaver’s Cove LNG Project

Gordon Shearer, CEO of Weaver’s Cove Energy LLC, the backer of a long-suffering proposal for a liquefied natural gas (LNG) receipt terminal in Fall River, MA, got more bad news Wednesday in a letter from the U.S. Coast Guard. The project’s demise could be at hand, but a project spokesman says an appeal is as well.

October 25, 2007

Sempra Executive Ponders Price Impact of West Coast LNG Terminal

Sempra Energy believes gas supplies from a new liquefied natural gas (LNG) terminal on the West Coast will “definitely” have an impact on Western gas prices, but how much may be offset by other developing factors, Sempra CFO Mark Snell told a session at the Lehman Brothers CEO Energy/Power Conference Thursday in New York City.

September 10, 2007

NorthernStar LNG Project Hits Land-Use Permit Snag

Consultants to a county planning commission reportedly will recommend denial of a land-use permit for NorthernStar Natural Gas Co.’s Bradwood Landing liquefied natural gas (LNG) terminal site along the Columbia River.

June 29, 2007

Chevron Still Pushes LNG in North America After Baja Pullout

Following its move earlier this month to abandon plans to build an offshore liquefied natural gas (LNG) receiving terminal off North Baja, Chevron Corp. is actively pursuing existing and new sites on all three coasts of North America, a Houston-based spokesperson told NGI on Tuesday. Chevron is not saying how much it spent on the more than three-year-old Coronado Islands venture that had received a permit to build from Mexican authorities.

March 26, 2007

Chevron Still Pushes LNG in North America After Baja Pullout

Following its move earlier this month to abandon plans to build an offshore liquefied natural gas (LNG) receiving terminal off North Baja, Chevron Corp. is actively pursuing existing and new sites on all three coasts of North America, a Houston-based spokesperson told NGI late Tuesday. Chevron is not saying how much it spent on the more than three-year-old Coronado Islands venture that had received a permit to build from Mexican authorities.

March 22, 2007

Industry Brief

Cheniere Energy Partners LP, a limited partnership formed by Cheniere Energy Inc. to develop, own and operate the Sabine Pass LNG [liquefied natural gas] receiving terminal currently under construction in western Cameron Parish, LA (see Daily GPI, July 21, 2006), is being spun off as an initial public offering (IPO). Cheniere Energy Partners will be listed on the American Stock Exchange under the symbol “CQP.” The IPO of 12.5 million common units represents 7.6% interest in Cheniere Energy Partners. Of the units being offered, 5.2 million will be offered by Cheniere Energy Partners; the other 7.3 million will be offered by Cheniere LNG Holdings LLC. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Inc. and Credit Suisse Securities (USA) LLC will act as joint book-running managers. RBC Capital Markets Corp., Sanders Morris Harris Inc., Stifel, Nicolaus & Co. Inc., Howard Weil Inc., Pritchard Capital Partners LLC and FIG Partners LLC Energy Capital Group will act as co-managers.

March 8, 2007