Terminal

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

Maple LNG, Petrochemical Complex Get Favorable Review

A $5 billion integrated liquefied natural gas (LNG) import terminal, petrochemical complex and gas-fired cogeneration power plant in Goldboro, NS, received a favorable preliminary environmental review with a number of conditions last week. The Maple LNG project, formerly named Keltic LNG, which is sponsored by Netherlands-based Petroplus International and Russia’s Suntera Canada Ltd., would provide 1 Bcf/d of gas to the power plant and petrochemical complex being built by Keltic Petrochemicals.

February 27, 2007

Challenges to New CA Gas Rules Cite LNG, Environmental Issues

Organized opposition to a coastal liquefied natural gas (LNG) terminal in California, along with critical environmental organizations and utilities, Friday raised the spectre of challenging at least part of the sweeping new state natural gas rules approved by the California Public Utilities Commission (see Daily GPI, Sept. 22). At least one group threatened to file a lawsuit in state Superior Court Monday.

September 25, 2006

State Questions Duplicate LNG Terminals in Massachusetts Bay

The state of Massachusetts has issued its own draft environmental impact report (DEIR) on the proposed Northeast Gateway LNG deepwater receiving terminal in Massachusetts Bay several months after a combined federal draft environmental impact statement was issued by the U.S. Maritime Administration, the Coast Guard and FERC.(see NGI, May 29).

July 17, 2006

State Questions Duplicate LNG Terminals in Massachusetts Bay

The state of Massachusetts has issued its own draft environmental impact report (DEIR) on the proposed Northeast Gateway LNG deepwater receiving terminal in Massachusetts Bay several months after a combined federal draft environmental impact statement was issued by the U.S. Maritime Administration, the Coast Guard and FERC.(see Daily GPI, May 23).

July 12, 2006

S&P Predicts Big Spending in the Midstream

Aging infrastructure, growing demand for gas and other commodities and liquefied natural gas (LNG) terminal development all mean that changes are under way in the midstream energy sector, according to Standard & Poor’s Ratings Services.

July 3, 2006