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MC plans to source natural gas from throughout North America and deliver it via pipeline to the Cameron LNG terminal, where it will be liquefied by CLNG under a 4 MTPA tolling agreement.
Oil and gas company Hyperdynamics Corporation (OTCQX:HDYN) reported on Friday the launch of a USD6m definitive agreement to issue and sell 40 million common shares at a price of USD0.15 per share to CLNG Limited (Hong Kong) (CLNG) or its affiliate.
CLNG is a private investment company involved in global energy and mineral projects.
CLNG also addressed the potential inclusion of the National Energy Technology Laboratory's (NETL) reports on the environmental impact of LNG exports and unconventional natural gas development as considering factors in applications' approval.
"Sandia's conclusion that the risks associated with larger capacity LNG carriers are not fundamentally different from conventional ships comes as no surprise" said CLNG president, Bill Cooper.
CLNG is a coalition of LNG producers, shippers, terminal operators and developers, energy trade associations and natural gas consumers.
The parent BHP has been negotiating with Sonatrach on the latter's possible use of BHP's radical compact LNG technology known as cLNG.
The Columbia subsidiaries and affiliates--Columbia LNG Corporation, CLNG Corporation and Columbia Atlantic Trading--through Cove Point LNG own and operate a liquefied natural gas storage and marine terminal near Lusby, Md., and an 87-mile natural gas pipeline connecting the terminal with gas pipelines in Northern Virginia.
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