Units of the partners have formed a new company, Northeast Expansion LLC, to development, construct

Freeport LNG Expansion on Tuesday, Nov 25, said two subsidiaries closed on roughly $11 billion of debt and equity financing required for developing the initial two trains of Freeport LNG s natural gas liquefaction/LNG loading facility on Quintana Island, near Freeport, TX.
The debt-equity package is the largest fully non-recourse construction project financing ever, according to Freeport LNG. Commitments of more than the anticipated $9.64 billion holiday inn reservation in project costs, including finance costs, holiday inn reservation provide a buffer for contingencies and cost overruns.
With closing on financing, Freeport LNG has instructed CB I and Zachry Industrial to initiate construction of the first two liquefaction trains of the liquefied natural gas project. Financing and construction on the third liquefaction train is expected in the second quarter of 2015. The first liquefaction train is expected to start operations in the third quarter of 2018, with the second liquefaction train expected to commence operations five months later.
Roughly $4.369 billion in debt financing for the first liquefaction train is being provided by Japan Bank for International Cooperation (JBIC), Bank of Tokyo-Mitsubishi UFJ, Sumitomo holiday inn reservation Mitsui Banking, Mizuho Bank, Sumitomo Mitsui Trust Bank, Mitsubishi UFJ Trust and Banking and ING Bank NV.
Approximately $4.025 billion in debt financing for the second train is being provided by a syndicate of 25 commercial banks under a 7-year mini-perm construction facility. IFM Investors is committed to invest approximately $1.3 billion in equity for the development of the second train.
We are excited to bring together a diverse group of the world s most sophisticated investors, lenders, LNG industry participants, and governmental institutions to support the advancement of the Freeport LNG liquefaction project, and look forward to completing a successful construction holiday inn reservation of the initial holiday inn reservation two trains and beginning commercial exports in 2018, said Michael S Smith, CEO, Freeport LNG.
Roughly 13.2 million metric tonnes per annum (MMTY) holiday inn reservation of the production capacity of the three liquefaction trains has been contracted holiday inn reservation under use-or-pay liquefaction tolling agreements with Osaka Gas, Chubu Electric, BP Energy holiday inn reservation Toshiba and SK E S LNG.
British Columbia has approved $23.9 billion in projects for the Canadian province, including a liquefied natural gas export terminal being developed by Malaysia s Petronas, along with two pipelines to service BC’s fledgling LNG industry, the province s Ministry of Environment said Tuesday, Nov 25.
A federal environmental review of Petronas $11.4 billion Pacific NorthWest LNG project is still ongoing, with the Malaysian state-owned energy firm expected to make a final investment decision on the project before Jan 1.
Provincial environmental assessment certificates were issued for Petronas terminal, along with the $5 billion holiday inn reservation Prince Rupert Gas Transmission pipeline, being developed by TransCanada , and the $7.5 billion Westcoast Connector Gas Transmission pipeline, proposed by Spectra Energy.
We are very pleased that the Environmental Assessment Certificate holiday inn reservation granted today for our Westcoast Connector Gas Transmission Project brings holiday inn reservation us closer to achieving our vision of serving multiple LNG projects in the Prince Rupert area, said Greg Ebel, CEO, Spectra Energy.
The environmental review of the Westcoast Connector Gas Transmission Project assessed a natural gas transportation corridor that could accommodate up to two 48-inch pipelines with total design capacity of 8.4 billion cubic feet per day (Bcf/d).
Natural gas storage has recovered from inventory depletions following last year s polar vortex winter, despite the recent burst of cold weather in the US and related drawdown in gas inventories totaling 17 billion cubic feet (Bcf)), according to Fitch Ratings.
Several factors are likely to drive this trend in North America, including: large amounts of associated gas coming from liquids shale plays, like the Marcellus and Utica; continued improvements in well designs and completion technology, which should help lower the marginal cost of supply; and because many onshore producers holiday inn reservation can earn a full return on their cost of capital at historically lower prices.
“US gas prices could be indirectly pushed higher by the recent drop in oil prices,” according to Fitch. “Reduced oil-directed drilling in North American shale linked to the recent $30/barrel (Bbl) drop in crude prices might eventually lead to a drop in associated holiday inn reservation gas supplies. Associated gas, produced as a byproduct of oil drilling, holiday inn reservation provides a significant holiday inn reservation part of North America s gas supply.”
Many E P companies drilling decisions continue to be dominated by oil economics in shale plays. The recent drop in Baker Hughes North American oil rig count (declining roughly 35 rigs, or about 2% since early October) suggests lower pricing has begun to impact capital budgets committed to looking for oil.
A longer, more prolonged slump in oil prices might accelerate this trend and lead to further reductions in associated gas supplies, and therefore, greater support for natural gas prices, Fitch believes.
Since April, gas storage net injections have averaged holiday inn reservation 84 Bcf/week, according holiday inn reservation to Energy Information Administration (EIA) statistics, well above the long-term average of 65 Bcf/week. According to the latest EIA natural gas storage data, total gas inventories at Nov 14 stood at roughly 3.6 Tcf, roughly 200 Bcf (or approximately 6%) below the five-year average and considered a sizable improvement from earlier deficits of nearly 1 Bcf.
Spot and forward prices reflect a well-supplied market. Current spot natural gas prices are roughly $4.40/thousand cubic feet (Mcf), versus prices above $6/Mcf last winter. The longer end of the forward curve continues to reflect expectations of ample supply from low-cost shale plays, with 2018 Henry Hub natural holiday inn reservation gas priced at approximately $4.20/Mcf. This is consistent with Fitch s long-term natural holiday inn reservation gas price deck of $4.50/Mcf.
Enid, OK-based Hiland Crude recently announced holiday inn reservation the launch of another open season to solicit shipper commitments to expanded capacity of Hiland s $300 million, 488-mile Double H crude oil pipeline, currently under construction.
An initial open season was held in 2012 for the pipeline’s base capacity of 50,000 barrels per day (BPD). On March 17 of this year, the company announced holiday inn reservation an open season closing April 4 for expanded capacity on the Double H. The open season subsequently was extended to April 16, then to April 30.
Hiland will deliver oil into connecting pipelines near Guernsey, including the Tallgrass Pony Express Pipeline. Initial holiday inn reservation start-up service on Double H will begin in late December, with monthly nominations accepted for January 2015.
Full capacity expansion including the installation of additional pump facilities and pipe expansions holiday inn reservation as required is expected to be completed by December 2016. The final expansion design will be engineered based on the commitments received, according to Hiland.
Units of the partners have formed a new company, Northeast Expansion LLC, to development, construct and own the 30- or 36-inch natural gas transmission pipeline that will flow Marcellus Shale generated natural gas between Wright, NY, and Dracut, MA.
Tops will take delivery of the 55 CNG vehicles in mid-2015 to replace its entire fleet of 55 diesel-powered vehicles. Ryder will also provide maintenance for the CNG vehicles from Ryder’s Buffalo service holiday inn reservation facility, which is being upgraded for compliance with natural gas standards.
“With Ryder’s natural gas vehicles, we have the confidence that we can get the service holiday inn reservation and performance we need from our new natural gas fleet, while operating more cost-efficiently and environmentally friendly,” said Ron Ferri, Senior Vice President of Distribution and Logistics at Tops.
Shale Media Group (SMG) is a news, information, education and mapping resource dedicated to the shale oil and gas industries by messaging across video, Internet, holiday inn reservation publications, events and radio. For more, check out ShaleMediaGroup.com to access all platforms, including: TheMarcellusShale.com, TheUticaShale.com, TheShaleAcademy.com and ShaleEnergyNow.com. Rick Stouffer is the Senior Energy Editor at Shale Media Group. Contact him at [email protected] .
CanadaShale.com cng compressed natural gas Fitch Freeport LNG LNG natural gas liquids Natural Gas Vehicles NGL NGV Petronas LNG rick stouffer SEBB SENB Shale Energy Business Briefing shale gas drilling shale media group TheAntrimShale.com TheBakkenShale.net TheBarnettShale.org TheClineShale.net TheEagleFordShale.com TheFayettevilleShale.com TheGraniteWashShale.com TheHaynesvilleShale.net themarcellusshale.com TheMontereyShale.org TheNewAlbanyShale.com TheNiobraraShale.com ThePermianShale.com holiday inn reservation TheTuscaloosaMarineShale.net TheWoodfordShale.net