Connecticut Attorney General: New York State Should Reject Broadwater LNG Proposal
Posted on Feb 26, 2008 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Connecticut Attorney General: New York State Should Reject Broadwater LNG Proposal
In an op-ed carried by Newsday, Connecticut Attorney General Richard Blumenthal urges the state of New York to reject the proposed Broadwater LNG project in favor of other regional LNG projects also under consideration, including BlueOcean Energy, Crown Landing LNG, and Safe Harbor Energy. Blumenthal contends that “[s]ince federal approval [for Broadwater] is nearly certain, the...
Cheniere “Evaluating Strategic Options” for Sabine Pass Terminal
Posted on Feb 26, 2008 in Financing, Regas Terminals & Capacity | Comments Off on Cheniere “Evaluating Strategic Options” for Sabine Pass Terminal
Cheniere Energy announced yesterday that it is assessing strategic options to enhance shareholder value at its Sabine Pass LNG terminal, and has chosen Credit Suisse to serve as its financial advisor during the process. “We do not believe that our current market valuation is reflective of the true value of this unique asset, and we are therefore exploring options to enhance value...
Shell: “Too Early” to Discuss Development Options for Burger Field
Posted on Feb 25, 2008 in E&P, Liquefaction | Comments Off on Shell: “Too Early” to Discuss Development Options for Burger Field
Following successful bids for Alaskan offshore leases earlier this month, Shell vice-president of exploration for the Americas Annell Bay said that it is too early to discuss development options. The Calgary Herald (available via LexisNexis [subscription required]) reports that industry observers see the Burger gas prospect, which Shell will drill, as a possible source for an LNG...
Op-Ed: LNG to Cost California More than Domestic Gas Supplies
Posted on Feb 25, 2008 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: LNG to Cost California More than Domestic Gas Supplies
The Ventura County Star carried an op-ed last Friday arguing that despite the apparent willingness of the state Public Utilities Commission to begin importing LNG to California, two gas pipelines could provide cheaper gas supplies from Wyoming. The piece also contends that LNG will make California dependent on Indonesian and Russian gas...
NEB Holds Hearing on Canaport LNG Import-Export License
Posted on Feb 25, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on NEB Holds Hearing on Canaport LNG Import-Export License
Canada’s National Energy Board convened a hearing last Thursday evening on Repsol’s application for an import-export license for the Canaport LNG terminal. According to the Telegraph-Journal (New Brunswick, Canada), one of ten locals in attendance complained that the license was a “done deal,” considering the Canaport LNG facilities and associated pipeline are...