Sonatrach Signs Letter of Intent for Leased Capacity at Occidental’s Ingleside Energy LNG
Posted on Nov 22, 2005 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Sonatrach Signs Letter of Intent for Leased Capacity at Occidental’s Ingleside Energy LNG
Algeria’s Sonatrach has signed a non-binding letter of intent for between 2.5 and 5 Bcm at Occidental’s proposed Ingleside terminal. Sonatrach described the agreement as “an important stage” in its efforts to establish itself in the U.S. market. Yesterday’s Platts LNG Daily has the details. [Subscription...
DOE Secretary Says US Needs More LNG Terminals
Posted on Nov 22, 2005 in Liquefaction, Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on DOE Secretary Says US Needs More LNG Terminals
Energy Secretary Samuel Bodman says the U.S. needs to build about 15 to 20 new LNG terminals to ease the nation’s energy predicament. He believes that provisions in EPACT 2005 reinforcing federal authority over siting will facilitate construction. Bodman also commented that the “market looks very good for Qatar.” See the full story in today’s E&E Daily....
Construction Progresses on Bear Head LNG Project
Posted on Nov 22, 2005 in Regas Terminals & Capacity | Comments Off on Construction Progresses on Bear Head LNG Project
Canada.com today reports that the Utility and Review Board has approved the construction of two storage tanks at the Bear Head LNG site. The terminal is expected to operate in 2008. The article is...
Conn. Town Council Awaits Federal and State Review Before Deciding on Broadwater LNG Proposal
Posted on Nov 22, 2005 in Environmental, Federal Regulation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Conn. Town Council Awaits Federal and State Review Before Deciding on Broadwater LNG Proposal
Stratford, Conn. has differentiated itself from other towns near the proposed site for the Broadwater LNG facility since it struck down an ordinance opposing the project. The decision stemmed from the Stratford Town Council’s debate “on the legalities of rejecting a proposal” before it has undergone federal and state review. Yesterday’s Stratford Bard has the...
Analysts Say Western U.S. Needs Gas Storage
Posted on Nov 22, 2005 in Markets and Competition, Pipelines, Regas Terminals & Capacity, Storage | Comments Off on Analysts Say Western U.S. Needs Gas Storage
Platts LNG Daily reports on the projected need for gas storage after LNG volumes begin feeding into the U.S. West from terminals such as Sempra’s Costa Azul. Increased storage will help stabilize volatile gas prices in the region. The Platts article [subscription required] gives a detailed analysis of the situation, as well as the probable impact of LNG imports on the...