Demand Reduction May Lead to Mexican Gas Exports to U.S.
Posted on May 3, 2006 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Demand Reduction May Lead to Mexican Gas Exports to U.S.
A combination of factors such as increased domestic natural gas production, anticipated LNG imports, and a significant decline in consumer demand could produce an excess supply of natural gas in Mexico. Such over-supply could lead to a situation where Mexico becomes an exporter of gas to the United States in the next two years. World Gas Intelligence today reports that Mexico has...
Canaport LNG Developers Explore Financing Options
Posted on Apr 28, 2006 in Canada & Mexico, Financing, Regas Terminals & Capacity | Comments Off on Canaport LNG Developers Explore Financing Options
Ocean Resources reports that Repsol YPF and Irving Oil, the developers behind the proposed 1Bcf/d Canaport LNG facility in New Brunswick, are exploring potential financing options for the project. Representatives from Repsol have said that financing efforts will not impact construction on the terminal, which is expected to start this spring. Operation is scheduled to begin in...
CEAA Issues Study on Planned Kitimat LNG Facility
Posted on Apr 28, 2006 in Canada & Mexico, Environmental, Regas Terminals & Capacity | Comments Off on CEAA Issues Study on Planned Kitimat LNG Facility
The Canadian Environmental Assessment Agency is soliciting public comment on the comprehensive environmental study that it prepared for the 610 MMcf/d Kitimat LNG terminal proposed for British Columbia. Interested parties have until May 26 to submit comments on the project. Operation is scheduled to begin in early 2009. Read more in today’s Daily Oil Bulletin. [Subscription...
Details of Cacouna Energy Project Expected by Year’s End
Posted on Apr 27, 2006 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Details of Cacouna Energy Project Expected by Year’s End
Petro-Canada CEO Ron Brenneman this week told analysts that he expects the proposed Cacouna Energy terminal to be approved toward the end of 2006, and that details on cost and gas markets should be available before 2007. A Russian liquefaction project in St. Petersburg will supply the terminal; Brenneman said Gazprom’s involvement also will be clarified by the end of the year....
Kitimat LNG and Haisla Reach Agreement
Posted on Apr 27, 2006 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Kitimat LNG and Haisla Reach Agreement
Kitimat LNG and the Haisla First Nation have entered into an agreement that would allow the Haisla to purchase equity in, and to participate in investment and construction opportunities associated with the company’s proposed 610 MMcf/day LNG facility in British Columbia. Kitimat LNG and the Canadian government have approved a land lease agreement under which the Haisla will...
Mexico May Export LNG to the United States
Posted on Apr 26, 2006 in Canada & Mexico, Markets and Competition | Comments Off on Mexico May Export LNG to the United States
As a result of the proposed Mexican LNG terminals, a member of Mexico’s Energy Regulatory Commission has indicated that he believes Mexico will be a net exporter of gas to the United States by 2010. “By next year we will [be] exporting gas to the West Coast,” Francisco Barnes said Monday at the Ziff Energy North American Gas Strategies Conference, adding that recently...