Category: exports

U.S. gas company Cheniere Energy said Friday its Spanish counterpart, Iberdrola, agreed to buy liquefied natural gas from a planned export terminal in Texas. Cheniere Energy Chairman Charif Souki said Friday deliveries of as much as 400,000 tons of liquefied natural gas from the planned Corpus Christi export facility could begin by 2019. Iberdrola, he said, "is the first foundation customer" for the export facility and more deals are on the way. "We are in advanced discussions with other counterparts and are working towards finalizing additional agreements," he said in a statement . "We expect to complete all necessary steps to reach a final investment decision and begin construction by early 2015." The deal is the third of its kind for Cheniere. The company signed a deal with Spanish energy company Endesa in April and with Indonesian state-owned company PT Pertamina in December. Iberdrola in a statement said the […]

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Even states that don’t produce much oil could benefit from the lifting of a 1970s-era export ban, a report prepared for the American Petroleum Institute says. The U.S. government restricted crude oil exports in 1973 in response to an embargo from Arab members of the Organization of Petroleum Exporting Countries. An increase in U.S. oil production has prompted groups like API to call for a repeal of the 1973 measure. Kyle Isakower, vice president of regulatory policy for API, which represents the interests of the energy industry, said exports would bring benefits to most of the 50 states. "New jobs, higher investment, and greater energy security from exports could benefit workers and consumers from Illinois to New York, especially in areas where consumer spending and manufacturing drive growth," he said in a statement Thursday. The report, prepared by ICF International and EnSys Energy, says some states without much oil […]

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On a sweltering day in May last year I sat dumbfounded at a US Senate Energy & Natural Resources Committee meeting. Pat Outtrim, VP of Cheniere Energy, was arguing for fast-tracking approval of Liquified Natural Gas (LNG) exports because it would benefit energy consumers… in Great Britain . A year later and the drum beat for approving LNG export operations is reaching a crescendo. This time it’s spurred by claims that we must save Europeans from the grip of Russia, who is using its position as the primary natural gas provider in Europe to annex Crimea and assert its power in the region. In both cases, the rationale is the same: The US has an over-supply of natural gas—thanks to an explosion of hydraulic fracturing (“fracking”) for previously inaccessible shale gas—and it’s our duty as international […]

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There may be some environmental impacts from the Cameron liquefied natural gas in Louisiana, but they’ll be manageable, a U.S. regulator said. The Federal Energy Regulatory Commission issued its final environmental impact statement on the Cameron LNG facility . It said Wednesday the construction and operation would result in some environmental damage, but that damage would be rendered "less-than-significant" by the company’s proposed mitigation strategies. There was no statement from the project company on FERC’s assessment. The project will be able to export about 12 million tons of LNG sourced from U.S. natural gas basins each year. In February, it received regulatory approval to ship LNG from a terminal in Cameron Parish, La., to countries that don’t have a U.S.-free trade agreement, such as India and Japan. Cameron is the sixth such project in the United States to receive non-FTA approval since 2011. Construction […]

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