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Report: New LNG Terminals and Other Infrastructure Projects will Change Gas Flows and Prices

Consulting firm Bentek Energy released a report yesterday predicting increased volatility in the U.S. natural gas market over the next two years as infrastructure projects, including LNG import facilities, come online. The report predicts that excess pipeline and storage capacity will divert gas from existing pipelines, changing downstream prices, and that LNG imports in the Gulf...

Onshore Gas Discovery Could Lessen U.S. Demand for LNG

Aubrey McClendon, CEO of Chesapeake Energy, told Platts LNG Daily that he believes that Chesapeake’s large natural gas discovery in northern Louisiana could lessen demand for LNG imports to the United States. However, McClendon notes that an oversupply of the U.S. gas market is unlikely due in part to the anticipated strong demand for natural gas from electricity generators....

NATS: LNG Expected to be Available for U.S. Summer Demand

In its LNG Week in Review, NATS predicts that as winter weather abates in the Northern Hemisphere, LNG demand in Japan, South Korea, and Spain will decline, which will allow some LNG cargos to reach the United States. NATS notes, however, that summer natural gas prices will depend on weather conditions and that should North America see a temperate summer, natural gas prices could...

Letter to the Editor: California Should Not Pursue Nuclear Energy or LNG Projects

The Ventura County Star carries a letter to the editor from Assemblymember Lloyd Levine (D), Chairman of the California Assembly’s Utilities and Commerce Committee. The letter is critical of California Gov. Arnold Schwarzenegger’s (R) recent positive comments regarding nuclear power.  Assemblymember Levine compared his opposition to nuclear energy to his continued...

Freeport LNG Nears Start-Up

In a press briefing Tuesday, Freeport LNG President Charles Reimer announced plans for the Freeport LNG import terminal to receive its initial LNG cargo at the end of April and commence full commercial operations by June 1, 2008. Reuters also reports that Sabine Pass LNG expects to begin commercial operations before June 30,...

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