Sempra Energy Considers Reorganizing Assets
Sempra Generation, a subsidiary of Sempra Energy, is considering selling or refinancing its Texas coal-fired power plants and using the funds to reduce debt or invest in other ventures such as LNG terminals, interstate pipelines and storage facilities. Sempra Generation says it expects transactions to conclude next...Economic Gains Anticipated By Crown Landing Supporters
Posted on Dec 9, 2005 in Financing, Regas Terminals & Capacity, State and Local Issues | Comments Off on Economic Gains Anticipated By Crown Landing Supporters
New Jersey’s Economic Development Authority and BP are fleshing out the terms of a possible deal involving an Economic Development Fund that would securitize profits from the pier lease. New Jersey would use the funds to boost economic development. Details are in today’s Gloucester County Times. [Articles are archived 14 days after...
CERA Says LNG Industry Will Grow Despite Market Uncertainties
Posted on Nov 18, 2005 in E&P, Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on CERA Says LNG Industry Will Grow Despite Market Uncertainties
Cambridge Energy Research Associates predict that the LNG industry will expand “more in the next seven years than it did in its first 40 years,” despite market fluctuations that may negatively impact investment decisions. Yesterday’s Platts LNG Daily has an in-depth review of the study, citing growth of at least 150%. [Subscription...
Teekay LNG Plans to Purchase Three Crude Vessels
Posted on Nov 4, 2005 in Financing | Comments Off on Teekay LNG Plans to Purchase Three Crude Vessels
Teekay LNG Partners LP hopes to fund its growing fleet of LNG tankers with three Suezmax class crude oil tankers it purchased for $180-mil, according to Teekay LNG’s chief executive officer and chief financial officer. Yesterday’s Platts LNG Daily has the details. [Subscription...
Investing in LNG Industry Is Limited to Large Companies
Posted on Nov 2, 2005 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Investing in LNG Industry Is Limited to Large Companies
The LNG industry’s rapid growth in the past couple of years is attributed to the energy crisis spawned by increasing consumer demands, exorbitant costs and supply security concerns. World Gas Intelligence reports that large energy companies like Cheniere are doing well but that, according to A. Wayne Perry, managing director of Galway Group, not every interested investor can...
Broadwater LNG Project Raises Many Issues: Editorial
Posted on Sep 22, 2005 in Financing | Comments Off on Broadwater LNG Project Raises Many Issues: Editorial
Is natural gas worth potentially tarnishing the beauty of the Long Island Sound and risking the safety of residents in the vicinity? That’s the question asked in an editorial published today in The Day . [Access to archived articles requires a...