Opponents and Supporters of Downeast LNG Find Bright Spots in DEIS
Posted on May 26, 2009 in Environmental, Regas Terminals & Capacity | Comments Off on Opponents and Supporters of Downeast LNG Find Bright Spots in DEIS
The Telegraph-Journal provides coverage of reactions from both opponents and supporters of the Downeast LNG import project to the Draft Environmental Impact Statement (DEIS) released by FERC earlier this month. The piece notes that both sides claim support for their position in the document, with opponents citing the numerous conditions that must be met before the project can move...
Wood Mac Analyst Expects “Tsunami” of LNG Imports to U.S. Market in Coming Years
Posted on May 22, 2009 in Markets and Competition | Comments Off on Wood Mac Analyst Expects “Tsunami” of LNG Imports to U.S. Market in Coming Years
Jen Snyder, an analyst with Wood MacKenzie, said yesterday that as global LNG production capacity increases, a “tsunami of LNG is set to hit the U.S. market.” Snyder also noted that most of the increase in LNG imports to the United States will likely take place in 2010 and 2011. Read more in Platts LNG Daily. [Subscription...
Industry Executive Expresses Uncertainty Regarding Effect of LNG on U.S. Gas Market
Posted on May 22, 2009 in Markets and Competition | Comments Off on Industry Executive Expresses Uncertainty Regarding Effect of LNG on U.S. Gas Market
Speaking at the Houston Business Journal’s Energy Forum, Baker Hughes Chairman and CEO Chad Deaton predicted that the next two to three years would be “pretty tough” for oil and natural gas prices and he characterized the effect of LNG on the U.S. gas market as the “800 pound gorilla.” The Business Journal provides additional coverage of the...
Province of New Brunswick to Assess DEIS for Downeast LNG
Posted on May 21, 2009 in Canada & Mexico, Environmental, Federal Regulation, Regas Terminals & Capacity | Comments Off on Province of New Brunswick to Assess DEIS for Downeast LNG
Yesterday New Brunswick Premier Shawn Graham said that his Provincial government will perform a “thorough review” of the Draft Environmental Impact Statement (DEIS) that FERC released last week for the Downeast LNG import project, located in Washington County, Maine, directly across from the town of St. Andrew’s, New Brunswick. Premier Graham’s press statement...
FERC Grants In-Service Date Extension to Pipeline Associated with Main Pass LNG
Posted on May 21, 2009 in Federal Regulation, Pipelines, Regas Terminals & Capacity | Comments Off on FERC Grants In-Service Date Extension to Pipeline Associated with Main Pass LNG
Citing project developer Freeport-McMoran’s assertion that market conditions have negatively affected its efforts to secure LNG supplies for the Main Pass Energy Hub LNG import terminal, FERC has granted Freeport-McMoran’s request for an extension of time to commence service on a natural gas pipeline associated with the terminal. FERC’s decision is available in the...