Progress on Gros Cacouna LNG Project Slows as Developers Seek Supply
Posted on Mar 27, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Progress on Gros Cacouna LNG Project Slows as Developers Seek Supply
Citing a lack of secure LNG supply, a Petro-Canada spokesperson told the Globe and Mail yesterday that the company, as well as its partner TransCanada Corp., would be slowing construction activities for the Gros Cacouna LNG import project. As a result, the companies withdrew their request for the development of a pipeline connecting the LNG terminal with the existing natural gas...
Provincial Environmental Authority Announces Receipt of Newfoundland LNG’s Environmental Protection Plan
Posted on Mar 21, 2008 in Canada & Mexico, Environmental, Regas Terminals & Capacity | Comments Off on Provincial Environmental Authority Announces Receipt of Newfoundland LNG’s Environmental Protection Plan
Yesterday the Minister of Environment and Conservation for Newfoundland and Labrador announced that Newfoundland LNG Ltd. submitted an Environmental Protection Plan for its proposed Grassy Point LNG Transshipment Terminal. Public comments on the plan are due April 23,...
Costa Azul Expects to Commence Operations in Q2 2008
Posted on Mar 20, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Costa Azul Expects to Commence Operations in Q2 2008
According to Reuters, a Sempra Energy spokesperson said Wednesday that the company expects the Energia Costa Azul LNG project to commence commercial operations during the second quarter of 2008. Reuters also reports that the total cost for the project will be approximately $945...
Bloomberg: Costa Azul LNG Terminal Could Receive First Cargo Next Month
Posted on Mar 18, 2008 in Canada & Mexico, Regas Terminals & Capacity, Vessel Transportation | Comments Off on Bloomberg: Costa Azul LNG Terminal Could Receive First Cargo Next Month
Bloomberg predicts that Sempra’s Energia Costa Azul LNG terminal will receive its commissioning vessels next month. According to Bloomberg’s AISLive ship-tracking data, the first vessel will be the 145,700 cu m Bluesky LNG carrier on April 19, with the Q-Flex Al Safliya arriving soon thereafter. A spokesperson for Sempra, however, declined to confirm the timing or identity...
Op-Ed: Canada Should Follow Example of U.S. Offshore LNG Projects
Posted on Mar 13, 2008 in Canada & Mexico, Regas Terminals & Capacity, Safety & Security | Comments Off on Op-Ed: Canada Should Follow Example of U.S. Offshore LNG Projects
The Chronicle Herald (Canada) offers an op-ed which argues that Canadian LNG import proposals ought to follow the example of several proposed U.S. projects and place the projects offshore. The piece references BlueOcean Energy, proposed by ExxonMobil, and Shell’s proposed Broadwater Energy, to suggest that offshore terminals have several advantages over onshore projects,...
Consultant: As LNG Imports Increase, Expect Gas Prices to Decline
Posted on Mar 12, 2008 in Canada & Mexico, Markets and Competition | Comments Off on Consultant: As LNG Imports Increase, Expect Gas Prices to Decline
While natural gas prices in North America rose by 7% last week due to winter storms and rising crude oil prices, Bill Gwozd of Ziff Energy Group told the Calgary Herald that he expects gas prices to decline over the long term. Gwozd cited a weak economy and increasing LNG imports to the U.S. as reasons for potentially falling natural gas prices, saying there will be “more supply...