Sempra LNG Reports Year-on-Year Improvement for Q4 2008
Posted on Feb 25, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra LNG Reports Year-on-Year Improvement for Q4 2008
Noting construction delays at the Cameron LNG terminal project in Louisiana, Sempra Energy’s Chairman and CEO Donald Felsinger announced that Sempra LNG reported a net loss of $13 million in Q4 2008, which is an improvement from a $19 million loss in Q4 2007. Felsinger said that the company anticipates commencing terminal operations in Q3 2009 and is well-positioned “to...
Despite Challenges in 2008, NEB Remains Optimistic About Long-Term LNG Prospects
Posted on Feb 25, 2009 in Markets and Competition | Comments Off on Despite Challenges in 2008, NEB Remains Optimistic About Long-Term LNG Prospects
Canada’s National Energy Board (NEB) released an Energy Market Assessment yesterday entitled “Liquefied Natural Gas, a Canadian Perspective,” which notes that the difficult global economic conditions will likely reduce the short-term demand for LNG in the North American market. However, the analysis also predicts that in the long-term, economic recovery and...
Parties Answer WGL’s Request for Stay in Cove Point LNG Proceeding
Posted on Feb 24, 2009 in Gas Composition, Regas Terminals & Capacity | Comments Off on Parties Answer WGL’s Request for Stay in Cove Point LNG Proceeding
Dominion Cove Point LNG, LP, Statoil Natural Gas LLC, Columbia Gas Transmission, LLC, BP Energy Co., and Shell NA LNG LLC, all filed answers strongly opposing Washington Gas Light Co.’s (WGL) emergency motion to stay the effectiveness of FERC’s authorization of the Cove Point LNG Expansion project. The Maryland Office of People’s Counsel filed an answer in support of...
FERC Extends Deadline for USACE Decision in Sparrows Point LNG Proceeding
Posted on Feb 24, 2009 in Federal Regulation, Regas Terminals & Capacity | Comments Off on FERC Extends Deadline for USACE Decision in Sparrows Point LNG Proceeding
FERC announced yesterday that it has extended the schedule for a final decision from the U.S. Army Corps of Engineers (USACE) regarding the permit applications for the AES Sparrows Point LNG proceeding to April 6, 2009. FERC’s letter announcing the new timeline is available in the eLibrary under Docket No....
Analyst: Despite Weak Prices, 2009 U.S. LNG Imports Likely to Increase
Posted on Feb 24, 2009 in Markets and Competition | Comments Off on Analyst: Despite Weak Prices, 2009 U.S. LNG Imports Likely to Increase
Ron Denhardt, vice president of natural gas services for Strategic Energy and Economic Research, predicts that despite relatively low prices for domestic natural gas, U.S. LNG imports are likely to rise above 2008 levels due to weak global demand and expanding worldwide liquefaction capacity. Read more in Platts LNG Daily. [Subscription...