Gulf LNG on Schedule for Completion in Fall 2011
Posted on Nov 16, 2009 in Regas Terminals & Capacity, Safety & Security | Comments Off on Gulf LNG on Schedule for Completion in Fall 2011
The Sun-Herald (Gulfport, Miss.) reports that the Gulf LNG import project is on schedule to be completed in Fall 2011. The piece also notes that Gulf LNG successfully tested its hurricane preparedness procedures and equipment when Hurricane Ida made landfall in the area earlier this...
Freeport-McMoRan Faces Challenging Market for Financing Main Pass Energy Project
Posted on Nov 16, 2009 in Financing, Regas Terminals & Capacity | Comments Off on Freeport-McMoRan Faces Challenging Market for Financing Main Pass Energy Project
A piece in the New Orleans City Business reports that Freeport-McMoRan remains interested in developing its Main Pass LNG import and natural gas storage project despite challenging financial market conditions that make construction of the project unlikely in the near...
FERC Requests Information From Downeast LNG Regarding Pipeline Operations
Posted on Nov 16, 2009 in Federal Regulation, Pipelines, Regas Terminals & Capacity | Comments Off on FERC Requests Information From Downeast LNG Regarding Pipeline Operations
On Friday FERC sent a request for further information to Downeast Pipeline, LLC. In its letter, FERC Staff states that “Downeast has not addressed what steps would be taken in the event that Maritimes & Northeast Pipeline does not seek Commission approval” for an expansion. FERC Staff requests that Downeast Pipeline describe within 20 days the “operational...
Nigerian LNG Exports to U.S. Market Could Affect Prices This Winter
Posted on Nov 13, 2009 in Markets and Competition | Comments Off on Nigerian LNG Exports to U.S. Market Could Affect Prices This Winter
Reuters (carried via Forbes) reports that increased LNG exports from Nigeria LNG to the Atlantic Basin are likely to find their way to U.S. destinations, driving gas prices down in North America. Nikos Tsafos, an analyst with PFC Energy, suggests that, although the Atlantic Basin gas market has been relatively balanced in the last year, that balance was mainly due to a shut-in of...
Massachusetts State Reps. Urge Federal Government to Close Potential WTO LNG Loophole
Posted on Nov 13, 2009 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Massachusetts State Reps. Urge Federal Government to Close Potential WTO LNG Loophole
State Reps. David Sullivan (D) and Byron Rushing (D) have pushed a resolution through the Massachusetts House of Representatives which urges the U.S. Trade Representative to exclude LNG terminals from ongoing negotiations with the World Trade Organization. Rep. Sullivan is concerned could negatively affect state authority over LNG terminal siting matters, including the Weaver’s...