Osaka Gas Co. and Chubu Electric Power Co., utilities serving central and western Japan, will invest $600 million each for half the equity of the first unit of a U.S. liquefied natural gas (LNG) plant.
Wood Mackenzie expects the recent cost overrun disputes around the Panama Canal expansion to be resolved with limited disruption due to the significance of the canal to global trade. Significant disruptions will crimp profitability for U.S. liquefied natural gas (LNG) producers, create a tighter LNG shipping market and affect the U.S. Gulf Coast petrochemical industry.
Officials at U.S.-based Clean Energy Fuels and Blu LNG are cutting-back LNG fueling station investments, while U.S. natural gas giant Chesapeake Energy reportedly has now abandoned earlier investments in natural-gas vehicle refueling.
On February 11, the DOE granted a conditional authorization to allow Sempra Energy subsidiary Cameron LNG to export domestically produced LNG from its proposed liquefaction facilities to non FTA countries.