Maine Lawmakers Face Political Pressure Over Energy Corridor, LNG Projects
Posted on May 27, 2009 in Canada & Mexico, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on Maine Lawmakers Face Political Pressure Over Energy Corridor, LNG Projects
CBC provides coverage of the political environment in Maine surrounding three LNG import terminal proposals and a planned energy corridor between New Brunswick and Maine.
Consultant Criticizes Safety and Security of Sparrows Point LNG Facility
Posted on May 27, 2009 in Regas Terminals & Capacity, Safety & Security | Comments Off on Consultant Criticizes Safety and Security of Sparrows Point LNG Facility
At a news conference held yesterday by an LNG opposition group, a former Central Intelligence Agency official now working as a security consultant told local residents that the developer of the Sparrows Point LNG import terminal has not sufficiently addressed potential risks posed by piracy and terrorism. Charles S. Faddis said, “AES wants to build this facility without putting...
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...