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Petro-Canada “Confident” of Russian Liquefaction Plan

Petro-Canada wants to work with Gazprom to develop a Baltic Sea liquefaction plant, with LNG delivery to the Petro-Canada joint venture Cacouna terminal near Quebec. The company says the outlook is good, with a Russian politician saying the proposed plant might go forward in 2007. Story by Reuters, via Metro News, here...

New Bedford Challenger Would Oppose LNG

Candidate for mayor of New Bedford, Massachusetts, Scott Lang, would “lend a hand” to Fall River against the Weaver’s Cove LNG terminal. The Herald News has the detailed story.

Mayor Lambert to Speak to Students About LNG

Fall River Mayor Lambert will speak this week at a forum for Bristol Community College students, encouraging them to oppose the Weaver’s Cove LNG terminal even though “the tide has turned” against the facility. The forum is organized by Massachusetts Public Interest Research Group and will include State Representative David Sullivan and Fire Chief David Thiboutot....

Industrial and Heating Demand May Fall This Winter; Prices May Follow in 2006

A survey conducted by Industrial Energy Consumers of America found that 54% of industrials surveyed said their natural gas demand would decrease this winter. Separately, weather forecaster WSI Corp. predicted a mild winter, with only the Northwest cooler than normal. Two analysts speaking to the Independent Petroleum Association of American last week said that they expect natural gas...

EIA: Little Correlation Between Futures and Henry Hub Spot Prices

EIA has released a new study suggesting that the price of natural gas futures contracts do not accurately predict the spot price realized at Henry Hub. Natural Gas Intelligence has a detailed report. [Subscription required]

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