Liquefaction

Magnolia LNG and KSJV have reached an agreement to extend the pricing validity on an EPC contract price through 31 December 2016.

The US Department of Energy has rejected Sierra Club’s request for a rehearing of Dominion Cove Point LNG’s export authorisation.

Plains All American Pipeline and Cheniere Energy Partners have announced that Pine Prairie Energy Center has entered a 10-year firm storage service agreement with Sabine Pass Liquefaction.

According to Reuters, the total debt financing of the Yamal LNG project is estimated at approximately US$18 billion – US$19 billion.

Lloyds Energy has announced that it has signed a letter of intent with KDJV for a FEED/EPCIC conversion contract for the development of nearshore floating LNG facilities.

Under the MoU, the two companies will cooperate on a number of projects including LNG and FLNG facilities.

The Economist Intelligence Unit, UK, explains why US LNG exports still have a lucrative future, despite the current low price market.

According to Reuters, Santos Ltd reported a 1% increase in its 1Q16 revenue as it increased coalbed methane sales to its Gladstone LNG facility, offsetting the collapse in oil and gas prices.

APTS and Atlas Copco Rental have joined forces on the Wheatstone LNG Project.

According to Reuters, the Yamal LNG project will receive approximately US$10 billion in loans from Chinese banks in May 2016.

InterOil Corp. has announced that it has entered a new US$400 million senior secured CAPEX facility – CFO says it highlights lenders’ confidence in the Papua LNG project.

Corpus Christi Liquefaction has submitted its monthly progress report to FERC for March 2016.

The American Gas Association has praised the US Senate for passing the Energy Policy Modernization Act (S. 2012).

The McLeod Lake Indian Band has signed two agreements with the provincial government that will provide benefits through the development of British Columbia’s LNG industry.

Qatargas has completed work on the region’s first Waste Water Treatment plant using Membrane Bioreactor Technology.