Jamaica to Issue Request for Proposals for LNG Terminal
Posted on May 11, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaica to Issue Request for Proposals for LNG Terminal
Platts LNG Daily reports that state-owned Petroleum Corporation of Jamaica plans to issue a request for proposals by June 15 in order to select a company to develop a floating regasification terminal off Jamaica’s coast. Jamaican officials expect to choose a proposal by August and hope that the terminal will be operational in...
In Depth: Risk-based Approach to LNG Terminal Access
Posted on May 11, 2007 in "In Depth", Financing, Markets and Competition, Regas Terminals & Capacity, Technology, Vessel Transportation | Comments Off on In Depth: Risk-based Approach to LNG Terminal Access
At the 2007 Offshore Technology Conference in Houston, Det Norske Veritas energy sector leader Pedram Fanailoo presented a paper, jointly written with Steven Sparling of Sutherland Asbill & Brennan LLP, on “The Need to Factor Asset Risk into LNG Terminal Agreement Negotiations.” The paper looks at the complex issue of LNG terminal operability: that is, the ability to...
FERC Chairman Appears Before Senate Committee for Re-Confirmation
Posted on May 11, 2007 in Federal Regulation, Policy, Legislation and Politics | Comments Off on FERC Chairman Appears Before Senate Committee for Re-Confirmation
FERC Chairman Joseph Kelliher testified before the Senate Energy and Natural Resources Committee yesterday seeking re-confirmation. Sen. Ron Wyden (D-OR) pressed Kelliher for answers regarding the safety and security of LNG regasification terminals, reiterating many of the points he made in a recent letter to Kelliher. Platts Gas Daily provides further details. [Subscription...
BP VP: U.S. LNG Imports Depend on Events in Europe
Posted on May 11, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on BP VP: U.S. LNG Imports Depend on Events in Europe
Speaking at the GasMart 2007 conference in Chicago, Lee Lunde, a BP Canada Energy executive, called the United States the “market of last resort” for LNG. Lunde said that just 30% of the country’s LNG regasification capacity has been used over the past three years; U.S. terminals have attracted more cargos recently only because of relatively low gas prices in...
Atlantic Sea Island Group Resubmits Application for Offshore Terminal
Posted on May 11, 2007 in Federal Regulation, Pipelines, Regas Terminals & Capacity | Comments Off on Atlantic Sea Island Group Resubmits Application for Offshore Terminal
MARAD announced yesterday that Atlantic Sea Island Group LLC has resubmitted its application with MARAD and the USCG for a Deepwater Port License for the Safe Harbor Energy LNG terminal. MARAD notes that the facility will include three components: an island constructed on the Outer Continental Shelf in federal waters 13.5 miles south of Long Beach, N.Y.; an LNG receiving,...