Long considered a front-runner in the race to build Canada's first LNG export project, the consortium behind Pacific NorthWest pledged last June to start construction as soon as it was approved by regulators, eyeing the end of 2015.
At time of disputed contracts, YPF was controlled by Spain's Repsol. Argentina suspended sales of natural gas to Brazil and Chile in 2004, when its production began falling, Reuters said.
Patrick de La Chevardiere said that due to sanctions, American dollars will not finance the Yamal LNG project, but that the project’s figures were in dollar equivalent, Reuters reported.
FirstEnergy Capital analyst Mike Dunn said the fixed price agreement had been made before Liwan went ahead and was key to Husky's final decision to invest in the project, Reuters reported.
Despite being a cross-border project, Line 3 will not require a U.S. presidential permit, which ultimately scuppered TransCanada Corp's Keystone XL, because Enbridge is restoring the pipeline to its original capacity.
Project partners claim politics at their worst as another pipeline designed to bring Appalachian gas to premium markets is put into question and raises the specter of a continued high Northeast gas prices.
Natural Resources Minister Jim Carr told reporters outside the Trudeau-Notley meeting that the approval process for pipeline projects remained the same as outlined in January, Reuters said.
The resolution removes a potential hurdle but also introduces another approval process for the pipeline, which will carry 1.1 million barrels per day of crude from Alberta's oil sands to the country's Atlantic coast.
In developing the competency standards with offshore pipeline engineers, APGA worked with the Society for Underwater Technology’s Perth, Australia, branch, which is producing a set of competency standards for all subsea engineering.
API President and CEO Jack Gerard also said that as the No.1 natural gas producer in the world, the U.S. also needs to invest in reliable infrastructure.
The Environmental Protection Agency’s (EPA) greenhouse gas inventory is seriously flawed and inconsistent with previous EPA reports and other scientific research, according to Kyle Isakower, the vice president of regulatory and economic policy for the American Petroleum Institute.
Carbon Energy, whose stock dropped nearly 8% on April 18, said it had passed every environmental and scientific test put before it over the past eight years, Reuters reported.