Trinidad Considers Applying New Tax Regime to 2004 Income
Posted on Nov 21, 2005 in Markets and Competition | Comments Off on Trinidad Considers Applying New Tax Regime to 2004 Income
According to a board member of Natural Gas Co., the new tax formula should be retroactive to last year “because there has been some hemorrhaging of government revenues.” The government has asked industry players to “come to us with a proposal.” See Friday’s edition of Platts LNG Daily for more information. [Subscription...
Repsol Declines to Renew Supply Contract With Shell
Posted on Nov 21, 2005 in Markets and Competition | Comments Off on Repsol Declines to Renew Supply Contract With Shell
A supply shortage has prevented Spain’s Repsol YPF from renewing a two-year contract with Royal Dutch Shell to deliver Trinidadian LNG to Cove Point, Md. Market observers say companies who have business interests in Spain, including BP and Gas Natural, were looking for gas shipments last month to meet contractual commitments. Spanish LNG buyers rerouted some shipments from the...
Passamaquoddy Tribe and Cianbro Arrive at LNG Agreement
Posted on Nov 21, 2005 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Passamaquoddy Tribe and Cianbro Arrive at LNG Agreement
Saturday’s Bangor Daily News reports that Passsamaquoddy Tribe and Cianbro Corp. have reached an agreement regarding LNG development in Calais, Maine, but both parties declined to reveal any details. [Archived articles require a...
Maine Selectmen Receive Competing LNG Petitions
Posted on Nov 21, 2005 in Environmental, Regas Terminals & Capacity, State and Local Issues | Comments Off on Maine Selectmen Receive Competing LNG Petitions
Selectmen will have to determine how they will tackle competing petitions now that about 150 petitioners are calling for a vote in December on the siting of an LNG facility in Robbinson, Maine. Another petition sponsored by the group Save the Passamaquoddy Bay is urging residents in the coastal communities to postpone a vote until an environmental and financial study is complete....
Lambert Says Importing LNG From Canada Is Better Than Constructing Weaver’s Cove Terminal
Posted on Nov 21, 2005 in Federal Regulation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Lambert Says Importing LNG From Canada Is Better Than Constructing Weaver’s Cove Terminal
Mayor Lambert says there are alternatives to the planned Hess LNG facility in Fall River, Mass., such as importing LNG from Canada. However, James Grasso, spokesperson for the Hess LNG project, says that bringing in gas from Canada is more expensive because of toll and transportation costs. See today’s Herald News for the complete...