U.S. Senator Lautenberg Introduces Maritime Security Bill
Posted on Jun 14, 2007 in Federal Regulation, Policy, Legislation and Politics, Safety & Security, Vessel Transportation | Comments Off on U.S. Senator Lautenberg Introduces Maritime Security Bill
Senator Frank Lautenberg (D-N.J.) on Tuesday introduced S. 1594, the Maritime Hazardous Cargo Security Act of 2007. According to Senator Lautenberg’s press release, the bill includes four main components: (1) diplomatic efforts to develop international standards for handling especially hazardous cargos (EHC); (2) mandatory training of port workers on the U.S. Coast Guard’s...
Potential Price Volatility and Supply Disruptions Concern Gas Buyers
Posted on Jun 14, 2007 in Markets and Competition | Comments Off on Potential Price Volatility and Supply Disruptions Concern Gas Buyers
Platts LNG Daily reports that industry panelists at the LDC Forum Northeast in Boston acknowledged the advantages of greater LNG supply entering the U.S. Northeast market, but expressed concern about possible supply disruptions and price volatility due to further globalization of the LNG market. One power supply manager remarked, “We’d be more confident and more comfortable...
Op-Ed: LNG Imports and Carbon Emissions Control Not Compatible
Posted on Jun 14, 2007 in Environmental, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: LNG Imports and Carbon Emissions Control Not Compatible
An op-ed in the Ventura County Star [free registration required] asserts that the state of California is attempting to pursue two opposing policies: diversifying natural gas supplies through the importation of LNG and working to reduce carbon emissions. The author notes that the California Coastal Commission cited greenhouse gas emissions in its rejection of the Cabrillo Port LNG...
EIA: U.S. LNG Imports to Increase by 35% Over 2006 Total
Posted on Jun 14, 2007 in Markets and Competition | Comments Off on EIA: U.S. LNG Imports to Increase by 35% Over 2006 Total
The U.S. Energy Information Administration predicts that 2007 LNG imports to U.S. markets will reach 790 Bcf, 35% above LNG imports in 2006. This increase may offset a projected 4.4% decline in pipeline gas imports, primarily from Canada. The EIA’s June 2007 Short-Term Energy Outlook provides additional...
Sempra Signs LNG Supply Deal for Indonesian Gas
Posted on Jun 13, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra Signs LNG Supply Deal for Indonesian Gas
The Tangguh project, operated by BP Indonesia, will supply Sempra Energy’s half-share of the Costa Azul LNG regasification terminal under construction in Baja California, Mexico, the San Diego Union-Tribune reports. Sempra will depend on other suppliers for the period between the scheduled openings of Costa Azul in February 2008 and Tangguh in...