Industry Brief

Cheniere Energy Partners LP CEO Charif Souki said trains 3 and 4 of the Sabine Pass Liquefaction Project, which is being developed adjacent to the Sabine Pass LNG terminal, will be constructed after all milestones were completed on the first four liquefied natural gas (LNG) trains being developed. Cheniere, he said, expects to complete all of the “required resource reports” for trains 5 and 6 to file an application with the Federal Energy Regulatory Commission by September (see Daily GPI, March 7). Cheniere has secured the credit facility necessary for trains 3 and 4 (see Daily GPI, May 23). First LNG is slated for delivery by late 2015.

May 30, 2013

Industry Briefs

A company based in India is mulling a $3 billion liquefied natural gas (LNG) liquefaction and export terminal in the Strait of Canso in Nova Scotia, Canada’s CBC News reported. “We’re looking at a long term…facility to liquefy natural gas. We’re looking to put out a capacity of a billion and a half cubic feet a day at its final stage, said Darshan Hiranandani, managing director for H-Energy, as reported by CBC. He said the facility could be similar in scale to the Canaport LNG facility in New Brunswick. Construction could be completed by 2020 at the earliest, he said. The proposal is the second for an LNG facility in Nova Scotia. Last fall, Pieridae Energy Canada announced a project whose target markets would be in Europe and India (see Daily GPI, Oct. 29, 2012).

May 20, 2013

Industry Brief

Cheniere Energy Inc. unit Sabine Pass Liquefaction LLC has applied to the U.S. Department of Energy to export additional volumes from its planned terminal in Cameron Parish, LA. Sabine Pass is seeking authorization to export to both free trade agreement (FTA) and non-FTA countries the equivalent of 101 Bcf per year in support of a contract it struck last December with Total Gas & Power North America Inc. (see Daily GPI, Dec. 18, 2012). The term of the 20-year agreement begins upon the first commercial delivery for the project’s fifth train and has an extension option of up to 10 years. However, Sabine Pass said it is not obligated to serve the Total contract from train five and may use whatever capacity is available at the facility. Recently, Sabine Pass and related companies filed at the Federal Energy Regulatory Commission to set in motion the approval process for the project’s fifth and sixth trains (see Daily GPI, March 7).

March 11, 2013

Gulfport Adds Utica Acreage, Plans to Triple Production in 2013

Gulfport Energy Corp. said Monday it has agreed to buy 30,000 net acres in the Utica Shale in eastern Ohio for approximately $300 million, a transaction that would boost the company’s position in the play to about 137,000 gross acres (99,000 net).

December 19, 2012

Abundant NatGas Supplies Help Push Dominion To Close Wisconsin Nuclear Plant

Dominion Resources Inc. announced Monday that it plans to close and decommission a nuclear power plant in Wisconsin next year, a decision the company said was made in part due to continuing low natural gas prices.

October 23, 2012
NuStar Holding Open Season for Niobrara Crude Project

NuStar Holding Open Season for Niobrara Crude Project

NuStar Logistics LP, an affiliate of NuStar Energy LP, is holding a binding open season for firm priority space to transport crude petroleum from the Niobrara Shale near Platteville and Watkins, CO, to Wichita Falls, TX.

October 18, 2012

BC Gears Up for Exports; Examines Fracking Impact

As Canadian producers line up to export liquefied natural gas (LNG), an effort has formed to answer safety questions about hydraulic fracturing (fracking), which is built into industry plans to make British Columbia (BC) shale deposits the prime supply source for LNG exports.

September 10, 2012

FERC Denies Sabine Pass Liquefaction Rehearing

FERC on Thursday rejected Sierra Club’s request for rehearing of orders approving a proposal by Sabine Pass Liquefaction LLC and Sabine Pass LNG LP to liquefy and export natural gas, as well as the environmental group’s plea to stay the orders. The action makes the case ripe for court review.

July 30, 2012

Liberty Withdraws New Jersey LNG Terminal Plans, Will Refile

Liberty Natural Gas LLC has withdrawn its applications to build a liquefied natural gas (LNG) import terminal off the coast of New Jersey but says it has done so to avoid any regulatory confusion over a “substantially revised” project. It plans to refile its applications.

April 27, 2012

Kinder Morgan Paying $300M for Half-Stake in El Paso JV

To give Kinder Morgan Inc. (KMI) complete control of a joint venture (JV) in which merger partner El Paso Corp. now owns one-half, its partnership on Wednesday agreed to buy a 50% interest in the Altamont gathering and processing system in Utah’s Uinta Basin, as well as the Camino Real Gathering System in the Eagle Ford Shale in Texas.

April 26, 2012
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