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The Bears on Bear Head, page-7

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MrGaspo

299 Posts.

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24/05/15

09:45

Post #: 15339531
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Originally posted by MrGaspo ↑

I know this does not directlty affect Bear Head but ....

The U.S. Department of Energy (DOE) issued an order granting Pieridae Energy (USA), LTD. (Pieridae) authority to export 292 Bcf/year of natural gas from the United States to Canada and, after liquefaction atPieridae Energy (Canada) Ltd.’s proposed Goldboro LNG Project in Guysborough County, Nova Scotia, to nations with a Free Trade Agreement (FTA) with the United States. DOE deferred ruling on Pieridae’s request for authorization to export the imported gas as LNG to non-FTA nations.

DOE Stated:
In determining whether an export is to a FTA or non-FTA country, DOE/FE believes it must look to the trade status of the country in which the natural gas or LNG is delivered for end use. To do otherwise would allow exporters to evade the public interest review and opportunity for public participation afforded in non-FTA export proceedings under NGA section 3(a), simply by transiting the natural gas or LNG through a FTA country en route to a non-FTA country. We do not believe Congress intended the dual-track scheme it created in the [Natural Gas Act] to be so easily evaded.

Link: http://www.lnglawblog.com/2015/05/d...a-nations-from-canada-defers-non-fta-request/

Go LNG!

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For what it is worth:
The United States has free trade agreements in force with 20 countries. These are:

Australia

Bahrain

Canada

Chile

Colombia

Costa Rica

Dominican Republic

El Salvador

Guatemala

Honduras

Israel

Jordan

Korea

Mexico

Morocco

Nicaragua

Oman

Panama

Peru

Singapore

The United States is also in negotiations of a regional, Asia-Pacific trade agreement, known as the Trans-Pacific Partnership (TPP) Agreement and the Transatlantic Trade and Investment Partnership (T-TIP) with the European Union, with the objective of shaping a high-standard, broad-based regional pacts.
LNG Price at posting: $4.45 Sentiment: Buy Disclosure: Held
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