LNG

Siemens was awarded a contract to supply the initial ten compressor trains for a LNG project for Magnolia LNG, a wholly-owned subsidiary company of Liquefied Natural Gas Limited (LNGL). Siemens' scope of supply comprises a total of eight refrigeration compressors and two feed gas booster compressors for the initial two LNG trains.

El Paso Pipeline Partners acquired from Kinder Morgan Inc., KMI’s 50 percent interest in Ruby Pipeline, 50 percent interest in Gulf LNG and 47.5 percent interest in Young Gas Storage. The transaction value is approximately $2 billion, including $1.012 billion of proportionate debt at Ruby and Gulf LNG, resulting in an equity purchase price of $972 million. EPB plans to fund 10 percent of the transaction value, net of the proportionate debt, with EPB common units that will be issued to KMI at closing valued at approximately $97.2 million.

Cheniere Energy’s (Cheniere) wholly owned subsidiary, Corpus Christi Liquefaction, and Bechtel Oil, Gas and Chemicals, (Bechtel) have entered into two lump sum turnkey contracts for the engineering, procurement and construction (EPC) of LNG trains and related facilities being developed near Corpus Christi, Texas (the Corpus Christi Liquefaction Project). The Corpus Christi Liquefaction Project is expected to be constructed in stages, with each LNG train commencing operations on a staggered basis. Work under the EPC contract is expected to c

Progress Energy Canada selected TransCanada to design, build, own, and operate the proposed $5 billion Prince Rupert gas transmission project. The proposed pipeline will carry natural gas primarily from the North Montney gas-producing region near Fort St. John, B.C., to the Pacific Northwest liquefied natural gas (LNG) export facility in Port Edward near Prince Rupert, B.C. Progress and TransCanada expect to finalize definitive agreements in early 2013.