U.S.-based liquefied natural gas terminal operator Freeport LNG said it had signed a binding agreement with a U.S. unit of Sumitomo Corp to supply the Japanese company with 2.2 million tonnes of LNG per year for 20 years under a tolling structure (LTA). Freeport LNG owns and operates an LNG terminal on Quintana Island, near Freeport, Texas. The terminal started LNG import … [Read more...]
GLDD Lands Major Dredging Contracts
Boskalis, Van Oord and Jan de Nul aren't the only the only ones who will be sucking vast quantities of mud from the Suez Canal over the next few years. A consortium between Great Lakes Dredge and Dock (25%) and Dredging International (75%) announced this week it too has been contracted by the Suez Canal Authority to participate in the large-scale dredging project. The … [Read more...]
Freeport LNG Export Terminal Proposal Closer To Approval After Impact Study
By Ayesha Rascoe WASHINGTON, March 14 (Reuters) - Freeport LNG Development LP's proposed liquefied natural gas export terminal will not cause significant environmental harm, a draft federal review concluded on Friday, paving the way for possible approval for the project this year. The Federal Energy Regulatory Commission's preliminary environmental analysis found that the … [Read more...]
U.S. Freeport, Cameron LNG Export Rulings Seen in Coming Months
Jacob Adelman Nov. 5 (Bloomberg) -- The U.S. could issue its next ruling on exports of domestically produced liquefied natural gas in one to two months, Energy Secretary Ernest Moniz said. The estimate is based on the time it has taken officials to evaluate past applications for exports to countries, like Japan, with which the U.S. has no free trade agreement, Moniz said … [Read more...]
Freeport LNG Signs 20-Year Supply Agreement with Toshiba
NEW YORK, Sept 9 (Reuters) - Japan's Toshiba Corp has agreed to buy liquefied natural gas from the proposed Freeport LNG export plant in Texas, joining the ranks of global companies seeking to import some of America's growing fuel supplies. Under the 20-year agreement, Toshiba will buy 2.2 million tonnes of LNG each year from the Freeport plant's third production unit, known … [Read more...]