Terminal

Western LNG Proposals Crowd Pacific Coast

The field of candidates for building a $550 million West Coast North American liquefied natural gas receiving terminal got a bit more crowded this past week as an Australian mining/energy company threw its hat in the ring with the first offshore California proposal. Initial permits are expected by the end of next year, and the proponents hope to have the facility operating in 2008.

August 18, 2003

Industry Briefs

Cheniere Energy Inc. has closed on two investment agreements for 70% interest in its proposed Freeport, TX liquefied natural gas (LNG) receiving terminal project, bringing the facility one step closer to fruition. The Houston-based Cheniere will retain a 30% interest. In one agreement, Cheniere will sell a 60% stake to Freeport Investments LLC. Freeport Investments, run by Michael S. Smith, agreed to pay Cheniere $5 million in four installments and contribute an additional $9 million for development of the project without further capital contribution by Cheniere. Cheniere and Smith’s company formed Freeport LNG Development LP, a to develop the project. Smith is the CEO of Freeport LNG Development LP. Also, Houston-based Contango Oil & Gas Co. has exercised its option to acquire a 10% interest in the proposal for $2.3 million, payable in installments. Since acquiring the option on the Freeport site, Cheniere has conducted technical, feasibility, marketing, engineering and environmental studies to validate the project. The company holds a 30-year lease at the site and expects to file its application with the Federal Energy Regulatory Commission in March. Cheniere also has secured options on three additional sites for LNG receiving terminals in Sabine Pass, Corpus Christi and Brownsville, TX.

March 10, 2003

Pinnacle LNG Announces Open Season in Alabama

Pinnacle LNG, Inc., a subsidiary of AGL Resources, has announced an open season from Feb. 18 to March 14, 2003 to seek natural gas storage and terminal service customers for its liquefied natural gas (LNG) plant located in Trussville, AL, and connected to the Southern Natural Gas mainline.

February 19, 2003

FERC Affirms Jurisdiction over U.S. LNG Import Facilities

FERC last week denied a petition in which Dynegy LNG Production Terminal L.P. asked the Commission to disclaim jurisdiction over the siting, construction and operation of the company’s planned liquefied natural gas (LNG) import facility in Hackberry, LA.

November 26, 2001

FERC Affirms Jurisdiction over U.S. LNG Import Facilities

FERC has denied a petition in which Dynegy LNG Production Terminal L.P. asked the Commission to disclaim jurisdiction over the siting, construction and operation of the company’s planned liquefied natural gas (LNG) import facility in Hackberry, LA.

November 21, 2001

Kinder Morgan To Expand Houston Liquids Terminal

Kinder Morgan Liquids Terminals LLC is expanding its Houston area facilities, considered among the largest independently operated liquids terminals complexes in the world. The Kinder Morgan Energy Partners LP subsidiary, based in Houston, said it would spend $16.3 million to add 830,000 bbl of capacity within the next year and also enhance its docking facilities to meet customer expansion requirements and improve service.

August 28, 2001

Cove Point Proposes Tie-in with Transco

Williams has asked FERC for the go-ahead to build a 1,000 MDth/d interconnect between its Cove Point liquefied natural gas (LNG) terminal in Lusby, MD, and affiliate Transcontinental Gas Pipe Line.

April 20, 2001
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