LNG

Tourmaline Oil Corp., the Canadian oil and gas company, has agreed a C$1.1 billion (US$904.4 million) deal to purchase Black Swan Energy and boost its assets in the Montney Shale basin, where producers in northeast British Columbia have been heartened by two LNG export projects advancing to ship cargoes to Asia from the Kitimat area.

Pembina Pipeline Corp., developer of the now blocked Jordan Cove LNG export plant in the US northwest state of Oregon, took a hit in its fourth-quarter earnings after the project was the first hydrocarbon venture stopped by the Biden Administration, though Pembina said Jordan Cove and two other ventures remained in its strategy.

May 27 (LNGJ) - Pembina Pipeline Corp. of Canada has agreed to issue $500 million of senior unsecured medium-term notes in relation to the Cochin Pipeline system and as it pursues development projects such as the Jordan Cove LNG export project in the northwest US state of Oregon.

   “Closing of the offering is expected to occur on May 28, 2020 and the net proceeds are intended to be used to repay indebtedness of the company,” said Pembina. US regulators had voted 2-1 in favour of Pembina’s Jordan Cove LNG project in March 2020, despite the Oregon Department of Environmental Quality denying a water quality certification.

US energy regulators have completed the Final Environmental Impact Statement (EIS) for the proposed Jordan Cove liquefied natural project being developed by Pembina Pipeline Corp. of Canada at Coos Bay in the northwest state of Oregon.

Pembina Pipeline Corp. of Canada said it was still on track to develop the Jordan Cove LNG export project at Coos Bay in the northwest state of Oregon as it reported an increase in profits while seeking to boost future earnings with the acquisition of a major Canada-US pipeline from Kinder Morgan.