U.S. EIA Reports Strong Import Market
Posted on May 10, 2007 in Markets and Competition | Comments Off on U.S. EIA Reports Strong Import Market
According to the U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook, LNG imports to the United States during the first quarter of 2007 are estimated to reach 180 Bcf, a 60 percent increase over last year’s first quarter. The EIA accordingly revised its earlier prediction for total U.S. LNG imports for 2007 from 770 Bcf to 790 Bcf. Lloyd’s...
Public Forum Scheduled for Pacific Connector Pipeline
Posted on May 10, 2007 in Pipelines, Regas Terminals & Capacity, State and Local Issues | Comments Off on Public Forum Scheduled for Pacific Connector Pipeline
Today’s News-Review (Ore.) reports that a public forum regarding issues surrounding the Pacific Connector Pipeline from the proposed Jordan Cove LNG facility will be held Saturday, May 12, at the Douglas County Library in Roseburg, Ore. [Registration...
FERC: Port Dolphin Applies for Pipeline Permits
Posted on May 10, 2007 in Environmental, Federal Regulation, Pipelines, Regas Terminals & Capacity | Comments Off on FERC: Port Dolphin Applies for Pipeline Permits
Yesterday, FERC issued a Notice of Application concerning Port Dolphin Energy LLC’s request for approval of a 5.8-mile pipeline from its proposed Port Dolphin LNG import terminal. The pipeline would transport gas from the offshore terminal to interconnections with the Gulfstream and Tampa Electric Company (TECO) pipeline systems near Port Manatee, Fla. The USCG will serve as the...
Cheniere Reports Net Losses in First Quarter
Posted on May 10, 2007 in Financing, Markets and Competition | Comments Off on Cheniere Reports Net Losses in First Quarter
Citing high operational costs, Cheniere Energy Inc. announced on Wednesday a net loss of $34.6 million for the first quarter, on oil and gas sales of $832,000. Cheniere ascribed some of these losses to $2 billion in senior notes offered by wholly-owned subsidiary Sabine Pass LNG LP, in November, 2006. The Houston Business Journal provides further...
Analysts Believe Record LNG Imports Will Bolster EIA’s Storage Projection
Posted on May 10, 2007 in Markets and Competition, Storage | Comments Off on Analysts Believe Record LNG Imports Will Bolster EIA’s Storage Projection
ing to Platts LNG Daily, most analysts believe that the U.S. Energy Information Administration’s weekly storage report will estimate that, due in large part to record-breaking imports of LNG, between 90 and 100 Bcf of net volume has been added to storage during the week ending May 4. By comparison, 81 Bcf was injected into storage during the same week last year. [Subscription...