May Brings Mixed Bag for LNG Projects, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwired) -- 05/27/15 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- The month of May has brought steps both forward and backward for projects in North America and Australia. Certain projects in the United States are making headway in development, while others in Canada and Australia have faced setbacks.
On May 7, The U.S. Department of Energy (DoE) finalized its permission, , allowing Dominion Resources'' (NYSE:D) (Richmond, Virginia) Cove Point LNG facility in Calvert County, Maryland, to export up to 0.77 billion cubic feet per day (Bcf/d) of LNG to countries without a free trade agreement (FTA) with the U.S.
Less than a week later, the agency granted export permission to Cheniere Energy''s (NYSE:LNG) (Houston, Texas) planned facility in Corpus Christi, Texas, allowing it to export up to 2.1 Bcf/d to non-FTA countries. The permission allowed Cheniere to make an almost immediate final investment decision on the facility and finalize a deal made with Australia''s Woodside Petroleum to purchase 850,000 metric tons per year of LNG for 20 years when the facility''s second train begins operating.
While these projects are gearing up, others are facing delays. In western Canada, the Lax Kw''alaams aboriginal group in British Columbia rejected a C$1.15 billion (US$960 million) offer to construct the Pacific Northwest LNG Project on its ancestral lands. In Australia, BHP Billiton''s petroleum president, Tim Cutt, announced that it was lowering the priority of its Scarborough floating LNG project with Exxon Mobil Corporation in Australia due to low global LNG prices.
To read the complete story, check out the most recent edition of Industrial Info''s , which also discusses North American project spending trends, Industrial Info''s new product rollouts and more.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info''s quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what''s happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "" page.
Contact:
William Ploch
713-783-5147
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Datum: 27.05.2015 - 04:00 Uhr
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