Southwestern Energy Company announced that it has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus Shale in Pennsylvania. The properties were acquired from Chesapeake Energy Corporation and its partner for approximately $93 million, excluding purchase price adjustments. Southwestern has financed the acquisition with its revolving credit facility. Southwestern Energy Company [...]
API President and CEO Jack Gerard congratulated Ernest Moniz on his Senate confirmation to become Secretary of the Department of Energy and urged Secretary Moniz to quickly approve LNG export projects that will create American jobs and help lower our national debt. “We congratulate Secretary Moniz on his confirmation. His vast energy experience in oil [...]
Mexico imported a record volume of natural gas in 2012, about 2.1 billion cubic feet per day (Bcf/d), which was up 21% from 2011. Natural gas flows from U.S. pipelines accounted for about 80% of Mexico’s overall natural gas imports in 2012; U.S. natural gas exports to Mexico in 2012 were almost 1.7 Bcf/d, more [...]
Governor Tom Corbett awarded more than $6.7 million in Act 13 funding to 18 companies and organizations making the switch to natural gas for their heavy-duty fleet vehicles. “Act 13 was a leap forward in strengthening oversight of the drilling industry,” Corbett said. “The law was also a leap forward in helping to continue to [...]
The Institute of the North, an Anchorage-based nonprofit that promotes understanding of Arctic and natural resource management issues, has prepared a six-minute video on federal laws governing export of Alaska North Slope natural gas. Interest has been renewed in liquefying Alaska gas and shipping it aboard tankers to buyers in Japan, China, India and other [...]
Golden Pass Products LLC (GPP) announced it has submitted a formal request to the Federal Energy Regulatory Commission (FERC) to initiate pre-filing for the proposed liquefaction project at the world-class Golden Pass LNG terminal facility in Sabine Pass, Texas. This milestone sets the stage for the necessary permitting activity associated with the design, environment, and [...]
Chantier Davie Canada Inc. (Davie) announced the conclusion of a two ship order from La Société des traversiers du Québec (STQ). The two dual-fuel LNG Ro-Pax ferries will operate on the St. Lawrence River on the Tadoussac-Baie-Sainte-Catherine route and shall enter service in 2015. At 92 m long, each vessel will have over 625 lane [...]
May 17, 2013 | Posted in
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Tennessee Gas Pipeline Company, L.L.C. (TGP), a unit of Kinder Morgan Energy Partners, has signed a binding, 20-year firm transportation precedent agreement with Mitsubishi Corporation (MC) of Japan to ship 600,000 dekatherms per day of natural gas earmarked for the proposed Cameron LNG liquefaction facility in Hackberry, La., which is slated to begin LNG exports in [...]
Sempra Energy, GDF SUEZ S.A., Mitsubishi Corporation and Mitsui & Co., announced that they have signed 20-year tolling capacity and joint-venture agreements to support the development, financing and construction of a liquefied natural gas (LNG) export facility at the site of the Cameron LNG receipt terminal in Hackberry, La. The tolling agreements subscribe the full [...]
May 17, 2013 | Posted in
Americas,
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News,
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INTL FCStone Inc. announced that its investment banking division, INTL FCStone Securities Inc. advised LNG Group Panama, S.A. and its project-level vehicle, Panama NG Power S.A., in support of the their successful bid for a 20 year power purchase agreement and the construction and operation of a 550 MW combined cycle gas turbine (CCGT) power [...]
