Industry Experts at LNG 15: Future Supplies Main Problem Facing LNG Industry
Posted on Apr 24, 2007 in Liquefaction, Markets and Competition | Comments Off on Industry Experts at LNG 15: Future Supplies Main Problem Facing LNG Industry
Frank Harris, head of Wood Mackenzie’s Global LNG Consulting section, offered his views on the LNG market during today’s session at the LNG 15 Conference in Barcelona, Spain. He suggested that although ongoing delays in liquefaction through 2010 will continue to create a supply shortage, the industry will face a challenge in ensuring adequate supply after 2010 when supplies...
Congressional Hearing Focuses on Sparrows Point Safety and Security
Posted on Apr 24, 2007 in Federal Regulation, Policy, Legislation and Politics, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on Congressional Hearing Focuses on Sparrows Point Safety and Security
The Baltimore Sun reports that several elected officials expressed skepticism about the safety and security plans for the Sparrows Point terminal in Maryland at a U.S. House Subcommittee on Coast Guard and Maritime Transportation hearing yesterday. Members of Congress present at the hearing vowed to continue to fight the project. An official from AES, the project developer, defended...
Alaska Gov.: Kenai LNG Export Terminal Must Contract with Local Utilities
Posted on Apr 24, 2007 in E&P, Liquefaction, State and Local Issues | Comments Off on Alaska Gov.: Kenai LNG Export Terminal Must Contract with Local Utilities
Governor Sarah Palin (R-AK) yesterday released further details regarding her conditional support for extending the export license of the Kenai export terminal. The Governor wants a long-term contract between Kenai’s owners, ConocoPhillips and Marathon, and local utilities Enstar Natural Gas and Chugach Electric at least through the expiration of the export license. Alaska also is...
Passamaquoddy Tribe Sells Land to Quoddy Bay LNG
Posted on Apr 23, 2007 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Passamaquoddy Tribe Sells Land to Quoddy Bay LNG
The Bangor Daily News reports that the Passamaquoddy Tribe has completed the sale of a 308-acre piece of land to Quoddy Bay LNG for $1.5 million. The sale was approved by the Tribe in March and will only become final if Quoddy LNG’s proposal in Split Rock, Maine, gains FERC approval. The site will be utilized to facilitate construction and early operations of the...
Conn. Attorney General Files Formal Objection to Broadwater Proposal
Posted on Apr 23, 2007 in Federal Regulation, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on Conn. Attorney General Files Formal Objection to Broadwater Proposal
Connecticut Attorney General Richard Blumenthal has filed a formal objection with New York’s Office of General Services to the planned Broadwater LNG terminal in Long Island Sound. Citing a “common stake in this shared threat,” he claims the “project as proposed poses a direct and substantial threat to human health and safety and critical ecosystem resources of...