Excelerate Adopts Whale Detection System for Offshore Northeast United States
Posted on Aug 13, 2007 in Environmental, Regas Terminals & Capacity, Technology | Comments Off on Excelerate Adopts Whale Detection System for Offshore Northeast United States
Excelerate Energy has installed six sub-surface buoys around its Northeast Gateway Energy Bridge to help construction vessels, and eventually LNG vessels, avoid colliding with whales. The Gloucester Daily Times (Mass.) reports that both the Excelerate and Suez LNG NA projects are located near the Stellwagen Bank National Marine Sanctuary and that LNG vessels servicing the two terminals...
Suez: Neptune LNG Project Has Received All Necessary State Permits
Posted on Aug 10, 2007 in Federal Regulation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Suez: Neptune LNG Project Has Received All Necessary State Permits
Suez announced yesterday that it has received all permits required by the Commonwealth of Massachusetts for the construction of its Neptune LNG terminal. CNNMoney.com also reports that Suez has entered into three contracts with engineering firms to facilitate the development of the offshore project. Clay Harris, president and chief executive of Suez LNG NA, said, “Over the next...
Report: Despite Rising Gas Production in British Columbia, LNG will Have a “Growing Role” in North America
Posted on Aug 10, 2007 in Canada & Mexico, Markets and Competition | Comments Off on Report: Despite Rising Gas Production in British Columbia, LNG will Have a “Growing Role” in North America
The Conference Board of Canada reports that the province of British Columbia will increase its natural gas output and will soon reach approximately 20% of Canadian gas production. However, the report concludes that LNG imports will be needed to make up the supply shortfall in North America. The Vancouver Sun (carried via the Financial Post) provides additional...
FERC Releases FEIS For Calhoun LNG Proposal
Posted on Aug 10, 2007 in Environmental, Federal Regulation, Regas Terminals & Capacity | Comments Off on FERC Releases FEIS For Calhoun LNG Proposal
In its Final Environmental Impact Statement released today, FERC determined that the approval of the proposed Calhoun LNG regasification terminal and associated pipeline infrastructure, with certain mitigation measures, “would have limited adverse environmental impact.” The FEIS is available under Docket No. CP05-91 in...
Cheniere Posts Loss in Second Quarter of 2007
Posted on Aug 10, 2007 in Financing, Regas Terminals & Capacity | Comments Off on Cheniere Posts Loss in Second Quarter of 2007
Despite progress on the construction of its Sabine Pass LNG terminal, Cheniere posted a second quarter net loss of $41.1 million in an earnings report released this week. Cheniere cited increased general and administrative costs due to staff growth as the major reason for its losses. Read more in Upstream Online. [Subscription...