News

George Petrides Appointed Chairman of Downeast LNG

ROBBINSTON, Maine, Jul. 2, 2015 /PRNewswire-iReach/ — Downeast LNG, Inc. announced that George Petrides has been appointed Chairman of its Board of Directors. This announcement follows a number of recent advancements in the development of Downeast’s planned LNG export facility in Maine.

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Downeast LNG Announces Letter of Agreement with CB&I

ROBBINSTON, Maine — Downeast LNG, Inc. (Downeast) has announced it has signed a letter of agreement with CB&I (NYSE:CBI) to work collaboratively to secure the phased development, design and construction of the Downeast project at Mill Cove in Robbinston, Maine, on Passamaquoddy Bay.

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Downeast LNG to file environmental reports for natural gas terminal

From the Bangor Daily News: ” Downeast LNG, which now is proposing to construct a liquefied natural gas import-export terminal on the western shore of Passamaquoddy Bay, expects to file draft environmental resource reports with federal regulators in the coming weeks.”

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DOE grants Downeast LNG FTA export authorisation

From LNG Industry: “The US Department of Energy (DOE) has granted Downeast LNG Inc. long-term, multi-contact authorisation to export LNG to countries with a Free Trade Agreement (FTA) with the US.

Downeast LNG filed the application with the DOE to export approximately 168 billion ft3/yr of LNG for a 20 year term.”

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Downeast LNG Submits Pre-Filing Request With FERC

DOWNEAST LNG (DELNG) announced today that it has submitted its pre-filing request yesterday July 23, 2014 with the Energy Regulatory Commission (FERC) to develop an estimated $2 billion bi-directional LNG facility at its proposed location in Robbinston, Maine. The facility will be able to liquefy natural gas for export as LNG and regasify imported LNG, as the market requires.

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Downeast LNG Moving Forward with Plans for LNG Import/Export Terminal

Downeast LNG (DELNG) announced today that it is planning to develop a bi-directional LNG facility at its proposed location in Robbinston, Maine, meaning that it will be able to handle both the import and export of natural gas. The proposed project will have the ability to liquefy 2 million tons of LNG (270 mmcfd of gas) per year or regasify 100 mmcfd of LNG, as market conditions warrant.

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Study: Adding natural gas capacity could cut Maine electric bills by $120 million annually

From the Portland Press Herald: “New England electricity customers could save more than $1.5 billion a year — $120 million for those in Maine — if natural gas prices in the region could be brought closer to what other parts of the Northeast are paying, a new state study has found.

“A Review of Natural Gas Capacity Options” was commissioned after a sweeping energy bill passed last year. It directed the Maine Public Utilities Commission to evaluate the costs and benefits of additional natural gas pipeline capacity into New England.”

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