Feb 2 (Reuters) - Pacific Rubiales, forced by low oil prices to delay the start-up of its Colombia liquefied natural gas (LNG) plant, said it was impossible to predict when exports would begin, but it was working with buyer Gazprom on alternative options. "The significant drop in oil prices has meant that we have had to reconsider all of our capital expenditures," Peter … [Read more...]
Egypt in Talks With Excelerate for LNG Regasification Ship
By Oleg Vukmanovic MILAN, July 10 (Reuters) - Egypt has missed a window to avert gas shortages this year as plans to secure a floating import terminal from a Norwegian firm hit snags, causing officials to hedge their bets by restarting talks with U.S.-based rival Excelerate Energy. The two-year tale of Egyptian efforts to secure a floating liquefied natural gas (LNG) … [Read more...]
Excelerate Applies For First U.S. Floating LNG Export Facility
By Timothy Gardner WASHINGTON, Feb 24 (Reuters) - Excelerate Energy, a company founded by Oklahoma billionaire George Kaiser, said on Monday it has filed an application with the Federal Energy Regulatory Commission to build and operate the first U.S. floating liquefied natural gas export facility. The filing is "a major milestone" and strengthens the project's momentum, … [Read more...]
German Utility Firm RWE Sells 50% Stake in Excelerate Energy
German utility company RWE announced on Friday they are selling back their 50 percent stake in Houston-based Excelerate Energy. The deal was signed with economic effect from 30 June 2013. Excelerate's original financier and co-owner George B. Kaiser bought the shares back for an undisclosed price. RWE's initial 50 percent stake was bought from Mr. Kaiser in 2008 for a … [Read more...]
ConocoPhillips: FSRUs are the Key to LNG Market Expansion
Chip Schuppert, ConocoPhillips’ Global LNG Marketing Manager spoke at the 2013 Offshore Technology Conference in Houston on the opportunities and challenges facing this developing sector. Hundreds of billions of dollars are being invested into the expansion of LNG production and new trades are developing rapidly. As someone commented recently, LNG develops its own markets as … [Read more...]