Assessing the Need for LNG in New England
Posted on Jun 13, 2006 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Assessing the Need for LNG in New England
Diminishing global supply, rising costs, and a glut of LNG facility proposals in North America have some questioning the wisdom of two proposed terminals on Maine’s Passamaquoddy Bay. The Bangor Daily News offers this analysis of LNG’s future in the Northeast, which suggests that a lack of suppliers and pipeline capacity may frustrate efforts to add LNG terminals along...
Jordan Cove Gets Stake in Weyerhaeuser Sale
Posted on Jun 12, 2006 in Financing, LNGLawBlog, Regas Terminals & Capacity, State and Local Issues | Comments Off on Jordan Cove Gets Stake in Weyerhaeuser Sale
The World carried a story on June 10, regarding timber company Weyerhaeuser’s recent sale of land on Coos Bay’s North Spit in Oregon, which includes the site of Jordan Cove Energy’s proposed LNG import terminal, to the International Port of Coos Bay. The terminal developer has helped finance the port’s purchase of the 1,300 acres from Weyerhaeuser in...
Gov. Riley Wants Compensation for Damage to Marine Environment
Posted on Jun 12, 2006 in Environmental, LNGLawBlog, Policy, Legislation and Politics, State and Local Issues | Comments Off on Gov. Riley Wants Compensation for Damage to Marine Environment
Following the withdrawal of ConocoPhillips’ proposal to build an open-loop LNG terminal off the Alabama coast, Gov. Bob Riley told the Mobile Register that any company planning “significant developments” that would affect the state’s marine environment should have to compensate Alabama for any “disproportionate damage.” Instead of filling a general...
Goldboro LNG Project Advancing
Posted on Jun 12, 2006 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Goldboro LNG Project Advancing
In an announcement on Friday, June 9, partners in the Goldboro Petrochemical and LNG regasification receiving terminal proposed in Goldboro, Nova Scotia, affirmed that the project is advancing. Partners Keltic Petrochemicals and Maple LNG are “in the final stages” of negotiating Maple LNG’s provision of LNG feedstock to Keltic’s petrochemical...
Editorial: Riley “made the right call”
Posted on Jun 12, 2006 in Environmental, LNGLawBlog, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Editorial: Riley “made the right call”
The Mobile Register offers this editorial praising Alabama Gov. Bob Riley’s opposition to the proposed ConocoPhillips open-loop LNG terminal following the corporation’s withdrawal of its application on June 9. The piece argues that the terminal’s risk of causing damage to Alabama’s coastal habitat and fishing industry warranted Riley’s opposition, and...