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...]
Freeport LNG Seeks Financing for $11 Billion Natural Gas Export Facility
June 27 (Bloomberg) -- Freeport LNG Development LP is seeking financing to start construction next year on an $11 billion natural-gas export facility in Texas that in six years is scheduled to ship 2.1 billion cubic feet of gas a day. Funds will be sought for the first two units that will cost about $7.5 billion, Michael Smith, Freeport’s chief executive officer, said … [Read more...]
U.S. Energy Department Grants Freeport LNG Non-FTA Export Approval
As Congressman Lankford seemed to hint this week, good news was on its way... The U.S. Energy Department has just announced today that it has conditionally authorized Freeport LNG to export up to 1.4 billion cubic feet per day (Bcd/d) of domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States from … [Read more...]
Freeport LNG Months Away from U.S. Export Approval
By Edward Klump (Bloomberg) -- Freeport LNG Development LP may get expanded approval from the U.S. Energy Department to export liquefied natural gas in the next quarter or two, the head of Baker Botts LLP’s LNG practice said. The multibillion-dollar Texas project is next on the department’s list of companies seeking permission to export gas to nations that … [Read more...]