Terminal

Weeks before its Louisiana liquefied natural gas (LNG) terminal is due to send out its first cargo, Cheniere Energy Inc. has ousted company co-founder and CEO Charif Souki after he reportedly tangled with activist investor Carl Icahn, the company’s largest shareholder.

FERC staff has issued a favorable final environmental impact statement for the Magnolia LNG LLC liquefied natural gas export terminal proposed for Lake Charles, LA, and the associated pipeline expansion facilities of Kinder Morgan Louisiana Pipeline LLC (KMLP).

Enterprise Products Partners LP signed another long-term contract to export ethane from its terminal under construction at Morgan’s Point, TX. With the additional volumes, the 200,000 b/d terminal is about 90% contracted. “This agreement is a clear indication of the continued interest for U.S. ethane as a low cost feedstock by the global petrochemical industry,” said Jim Teague, COO of the general partner. “We are in negotiations with other customers and expect the remaining capacity to be sold out when the facility begins service.” The terminal is expected to enter service in 3Q2016 and would be able to load fully refrigerated ethane at up to 10,000 bbl per hour. Supply would be sourced from Enterprise facilities at Mont Belvieu, TX, and delivered by a 24-inch diameter pipeline under construction (see Daily GPI,Oct. 30).

Downeast Liquefaction LLC has asked FERC to pause proceedings for its proposed liquefied natural gas (LNG) export project in Maine while backers rethink their plans in light of “current market conditions.”

Executives with G2 LNG LLC officially announced their proposed $11 billion liquefied natural gas (LNG) export project on the Calcasieu River Ship Channel in Cameron Parish, LA, at a ceremony on Monday.

Entities controlled by activist investor Carl Icahn have taken an 8.2% stake in first-moving, yet so far profitless liquefied natural gas (LNG) terminal developer Cheniere Energy Inc.

FERC staff Friday issued a favorable draft environmental impact statement (DEIS) for the Magnolia LNG LLC liquefaction and export terminal proposed for Lake Charles, LA, as well as modifications to an existing natural gas pipeline that would serve the terminal.

A former executive of BG Group plc on Tuesday said his recently formed company will pursue a liquefied natural gas (LNG) export project in Louisiana, one day after UK-based BG Group said it was delaying a decision on the Louisiana LNG project it is pursuing with Energy Transfer Partners LP.

Pacific NorthWest LNG signaled Monday that its deferred liquefied natural gas (LNG) terminal proposal is still alive by signing a tax agreement for its site on the northern coast of British Columbia (BC).