Cheniere Energy Partners LP unit Sabine Pass Liquefaction LLC and Bechtel Oil, Gas and Chemicals Inc. have entered into a lump sum turnkey contract for the engineering, procurement and construction of the third and fourth liquefaction trains to be constructed adjacent to the Sabine Pass LNG terminal in Cameron Parish, LA. The contract price is about $3.8 billion. Total expected costs for the third and fourth trains before financing are estimated to be between $4.5 billion and $5 billion.Sabine Liquefaction intends to give Bechtel a notice to proceed upon achieving financing and a final investment decision. Construction for the third and fourth trains is expected to begin in the first half of 2013. Sabine Liquefaction commenced full construction for the first two liquefaction trains in August. Sabine Liquefaction recently announced that it is developing a fifth and sixth liquefaction train at the project and has entered into a sale and purchase agreement with Total Gas & Power North America Inc. (see Daily GPI, Dec. 18).
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Another Louisiana LNG Export Facility Planned
Magnolia LNG LLC, a unit of Australia’s Liquefied Natural Gas Ltd., (LNG Ltd.) last week applied to the U.S. Department of Energy (DOE) to export up to 4 million tonnes per annum (mtpa) of liquefied U.S. natural gas to U.S. free trade agreement (FTA) countries, the company said.
Australian Company Planning Louisiana LNG Export Facility
Magnolia LNG LLC, a unit of Australia’s Liquefied Natural Gas Ltd., (LNG Ltd.) on Tuesday applied to the U.S. Department of Energy (DOE) to export up to 4 million tonnes per annum (mtpa) of liquefied U.S. natural gas to U.S. free trade agreement (FTA) countries, the company said.
FERC OKs Extension of Tres Palacios Storage Header in Texas
FERC has approved an application of Tres Palacios Gas Storage LLC, a unit of Inergy LP, to build an extension of its header system to a processing plant in south-central Texas.
PG&E Challenges Gas Pipeline Allegations
Pacific Gas and Electric Co. (PG&E) officials have hit back at the numbers and types of violations of natural gas pipeline survey and classification work that an investigative unit of the California regulatory commission has leveled against the combination utility.
Chesapeake Adds a ‘D’ to NGVs
As natural gas moves into various segments of the transportation sector, there is CNG, LNG and now DNG — diesel natural gas. A unit of Oklahoma-based Chesapeake Energy said Thursday it is offering a conversion kit to allow diesel-powered vehicles to run on DNG.
Floating LNG Export Project Gets FTA OK
The U.S. Department of Energy (DOE) Office of Fossil Energy has authorized a unit of Cambridge Energy Holding LLC to export domestically sourced liquefied natural gas (LNG) to free trade agreement (FTA) parties from a proposed Louisiana terminal under multiple contracts.
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Lamar McKay, who has served as chairman and president of BP plc subsidiary BP America since 2009, will take over as CEO of the Upstream business unit effective Jan. 1. In his new role McKay, who has worked for BP for 32 years, would lead the operator’s combined upstream businesses, which include the exploration, development and production divisions, together with the strategy and integration team. The upstream divisions were created in 2010 following the Macondo deepwater spill in the Gulf of Mexico, which led to a major reorganization designed to improve risk management and global standards. McKay would report to Group CEO Bob Dudley. McKay’s successor has not been announced.
BP’s Nova Scotia Deepwater Bid Highest Ever
A unit of BP plc has captured a quartet of deepwater exploration blocks offshore Nova Scotia, with record bids totaling more than C$1.049 billion, according to the Nova Scotia Offshore Petroleum Board (CNSOPB). Shell Canada Ltd. won four offshore leases with offers totaling more than C$31.85 million.
BP Captures Nova Scotia Deepwater with Highest-Ever Bids
A unit of BP plc has captured a quartet of deepwater exploration blocks offshore Nova Scotia, with record bids totaling more than C$1.049 billion, according to the Nova Scotia Offshore Petroleum Board (CNSOPB). Shell Canada Ltd. won four offshore leases with offers totaling more than C$31.85 million.
