Citing LNG Potential, Economist Predicts New Brunswick to Lead Canada in Export Growth
Posted on May 30, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Citing LNG Potential, Economist Predicts New Brunswick to Lead Canada in Export Growth
Peter Hall, deputy chief economist for Export Development Canada, said that he expects New Brunswick to experience a 20% growth in exports in 2009. Hall specifically noted that the Canaport LNG project will account for much of the province’s likely export growth. The New Brunswick Business Journal provides additional...
TransCanada CEO Says Gros Cacouna LNG Project Remains Viable
Posted on May 29, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on TransCanada CEO Says Gros Cacouna LNG Project Remains Viable
Speaking yesterday at the Canadian Club of Montreal, TransCanada Corp. CEO Hal Kvisle said that the Gros Cacouna LNG import project remains viable. However, Kvisle noted that construction and materials costs have increased, prompting the company to re-evaluate the project. According to the Montreal Gazette, Kvisle said that TransCanada is talking to major gas suppliers, including...
LNG Opposition Group Endorses Ban on LNG Vessel Traffic Around Texada Island
Posted on May 27, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on LNG Opposition Group Endorses Ban on LNG Vessel Traffic Around Texada Island
Texada Action Now, a group opposed to the WestPac LNG import project, has endorsed a resolution proposed by the Powell River Regional District that “bans the passage of LNG tankers in inland waters in the Malaspina and Georgia Straits,” according to the Victoria Times Colonist. The Powell River Regional District meeting agenda containing the full text of the resolution can...
Sempra Finalizes 20-Year Contract with BP for Indonesian LNG
Posted on May 23, 2008 in Canada & Mexico, Liquefaction, Regas Terminals & Capacity | Comments Off on Sempra Finalizes 20-Year Contract with BP for Indonesian LNG
Sempra Energy announced yesterday it has finalized a 20-year LNG supply contract with BP PLC for supplies from the Tangguh liquefaction project in Indonesia. According to a report by Dow Jones Newswires (carried via CNNMoney.com), LNG cargos will begin arriving at Sempra’s Energia Costa Azul LNG regasification terminal in the second quarter of 2009. Separately, Sempra CEO Darcel...
Gazprom to Become Partner in Rabaska LNG Project
Posted on May 16, 2008 in Canada & Mexico, Liquefaction, Regas Terminals & Capacity | Comments Off on Gazprom to Become Partner in Rabaska LNG Project
Russian gas company Gazprom announced yesterday that it will join Enbridge Inc., Gaz Metro LP, and Gaz de France as a partner in the Rabaska LNG terminal proposed for Quebec, Canada. The Globe and Mail reports that Gazprom has offered to supply 100% of the terminal’s capacity from the Shtockman gas fields in the Barents...
LNG Importers Competing with Canadian Gas Producers for Share of North American Market
Posted on May 16, 2008 in Canada & Mexico, Markets and Competition | Comments Off on LNG Importers Competing with Canadian Gas Producers for Share of North American Market
According to The Edmonton Journal, a report released by the Canadian National Energy Board concludes that “[n]atural gas from the global LNG market will become an increasingly important component of North American supply.” Analysts say that Canadian gas producers are competing with LNG importers now and LNG has the potential to impede a recovery in Canadian gas...