Jordan Cove Project Backed by Westerners.
Sen. John Barrasso (R-WY) and 13 other lawmakers from Colorado, Utah, and Wyoming have called upon the Federal Energy Regulatory Commission (FERC) to support the Jordan Cove LNG export project in Oregon and complete the final environmental impact statement (EIS) for the project as soon as possible. According to Barrasso’s news release, the Jordan Cove LNG export project would give Colorado, Utah, and Wyoming interests and Indian Tribes, such as the Ute Indian Tribe on the Uintah and Ouray Reservation, the opportunity to export natural gas to overseas markets.
Texas LNG Secures Financing and Initiates FEED
Texas LNG announced that Third Point LLC will provide development capital for the company’s planned 2 MTPA LNG export project being developed on a deepwater frontage site at the Port of Brownsville, Texas. The company also said that it had initiated the 12-month FEED (front-end engineering and design) phase of the Brownsville project in conjunction with Samsung Engineering. “A large FEED team has been mobilized at Samsung’s Global Engineering Center in Seoul, Korea, with the support of other Samsung Engineering entities in Korea, the United States, India, and Thailand. The FEED contract is intended to be converted into an engineering, procurement, construction and project management contract. Although the value of that contract value has yet to be set, other existing LNG liquefaction terminals of similar size are valued over $1 billion. The company also stated that “the base case for the project remains construction of the liquefaction unit in a controlled shipyard environment.”
Bear Head LNG Applies for U.S. & Canadian Permits
Bear Head LNG Corp. (a subsidiary of Australian-based Liquefied Natural Gas Ltd.) has applied for export licenses in both the United States and Canada to convert and store natural gas in Point Tupper, Nova Scotia. Bear Head filed an export licence application with Canada’s National Energy Board in Nov. and the U.S. DOE (for authorization to export natural gas to Canada) in Dec. The company purchased the site from Anadarko in August 2014 for $11 million. John Godbold, COO and project director for Bear Head LNG, said they hope to begin construction on the two-million ton liquefaction facility in 2015. According to a CBC news report, “Godbold said they’re looking for a supply from the Scotian shelf, Western Canada, and shale gas from the United States. Godbold said the company would process the gas and store it for export to Europe and Asia.”
Venture Global LNG Officially Announces Project
Venture Global LNG has announced that it is developing the Calcasieu Pass LNG Project, in southwestern Louisiana. William Wicker, CEO of Venture Global LNG, said at a press conference that the company’s $4.25 billion project, “will create high quality, high-paying jobs and revenue for the state.” Located near the city of Lake Charles, the project will be built on 203 acres along the Calcasieu Ship Channel where it meets the Gulf of Mexico. Wicker said that the plant will operate with a mid-scale, modular technology.
Magnolia LNG Adds to Engineering Team
Australia’s Liquefied Natural Gas Ltd has beefed up engineering support for its $3.5 billion Magnolia LNG project in Louisiana but remains on track to reach financial close on the project mid-2015. LNG Ltd said on Jan. 05 that it had inked a deal with engineering major KBR to assist with the delivery of the first, $2 billion phase of the Magnolia LNG export terminal, bringing the U.S.-based company in alongside existing engineering partner SK Group of South Korea.
Excelerate Asks FERC to Put Lavaca Project “On Hold”
Excelerate Energy LP has confirmed that the company asked FERC on Dec. 23 to put further consideration of the Lavaca Bay LNG Project “on hold” until at least Apr. 1, 2015. FuelFix.com quoted Excelerate spokeswoman Denise Madera as saying: “The project is now on hiatus, and the company has elected to suspend all activities surrounding it as Excelerate evaluates the economics of the undertaking. […] Excelerate is now focused on developing floating LNG facilities outside of the United States.”