LNG

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Calais LNG Update: Goldman Sachs Bows Out of Project
by Becky Lipson

Last Wednesday, Calais LNG delivered its second major surprise in just two weeks.  After stunning all parties by asking the Board of Environmental Protection for a last minute hearing postponement, Calais LNG announced on July 21 that its financial backer, GS Power Holdings LLC, a subsidiary of Goldman Sachs, was in the process of “selling…

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BEP Postpones Hearings on Calais LNG Facility: CLF Speculates on Why
by Becky Lipson

After months of political and legal muscle flexing to bully the Board of Environmental Protection into setting an extremely aggressive hearing schedule, the proponents of a liquefied natural gas import and regasification industrial facility on the shores of Passamaquoddy Bay sought and obtained a last minute postponement.  Why? The official story is that the BEP…