Offshore Regas Terminals Pursuing Advanced Technologies
Posted on Sep 24, 2007 in Environmental, Regas Terminals & Capacity, Technology | Comments Off on Offshore Regas Terminals Pursuing Advanced Technologies
Consulting with several LNG companies and independent experts, Platts LNG Daily surveys the dramatic pace of technological innovation that offshore regasification terminal proposals have been pursuing. The article focuses on the Excelerate Energy Bridge design, the now-cancelled ConocoPhillips Compass Port’s open-rack seawater regas system, and the Freeport LNG project, which...
Canaport LNG Seeks American Market
Posted on Sep 24, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Canaport LNG Seeks American Market
The Gloucester Daily Times (Mass.) details the potential impact of the Canaport LNG project under construction in Saint John, New Brunswick, on natural gas markets in the American Northeast. The article explains how the project aids the long-term objectives of both New Brunswick policymakers, who seek to make their province “an energy hub,” and Massachusetts policymakers,...
Analysts Predict ExxonMobil May Acquire Large Company to Boost its LNG Profile
Posted on Sep 24, 2007 in E&P, Financing, Markets and Competition | Comments Off on Analysts Predict ExxonMobil May Acquire Large Company to Boost its LNG Profile
Platts Oilgram News reports that analysts predict ExxonMobil may spend some of its $230 billion reserves buying a large company that would boost its LNG production sector. An analyst with Oppenheimer said that a large acquisition in 2008 is key to the company’s long-term strategy, a view in line with an August Credit Suisse report. However, an analyst with Benchmark suggested...
Proposed Ocean Way LNG Lightering Site Falls Within U.S. Navy Training and Testing Range
Posted on Sep 21, 2007 in Marine Regulation, Regas Terminals & Capacity, Safety & Security | Comments Off on Proposed Ocean Way LNG Lightering Site Falls Within U.S. Navy Training and Testing Range
The U.S. Navy is urging Ocean Way LNG to reconsider one of its proposed LNG lightering sites as the site falls within the Navy’s Point Mugu Sea Range off the coast of Southern California. A piece available in the Environmental Newsstand offers analysis of this and other issues involving the growing LNG industry and operations areas of the U.S. Navy. [Subscription...
Maine Environmental Panel Denies Downeast LNG’s Bid to Withdraw and Resubmit Application
Posted on Sep 21, 2007 in Environmental, Regas Terminals & Capacity, State and Local Issues | Comments Off on Maine Environmental Panel Denies Downeast LNG’s Bid to Withdraw and Resubmit Application
Maine’s Board of Environmental Protection voted 5-3 to deny Downeast LNG’s request to withdraw and resubmit its application to build an LNG regasification terminal on Passamaquoddy Bay. Downeast LNG had planned to include supplemental information upon resubmission, although Downeast LNG president Dean Girdis maintains that the company believes “that our applications...