Alaskan Gubernatorial Candidate Considering Supply Options, Including Kenai LNG Plant
Posted on Jul 28, 2009 in Liquefaction, Regas Terminals & Capacity, State and Local Issues, Storage | Comments Off on Alaskan Gubernatorial Candidate Considering Supply Options, Including Kenai LNG Plant
In his letter to the editor of the Anchorage Daily News, Alaskan gubernatorial hopeful, Senator Hollis French, noted the need for a Strategic Gas Initiative to create an “emergency storehouse of natural gas” for the winter. Hollis writes, “Whether it would be stored underground in old wells, or above ground in tanks, or delivered via the LNG plant in Kenai (which...
BP Trinidad & Tobago Explains Challenges Facing LNG Exporters
Posted on Jul 16, 2009 in Liquefaction | Comments Off on BP Trinidad & Tobago Explains Challenges Facing LNG Exporters
Robert Riley, chairman and CEO of BP Trinidad & Tobago, recently addressed the challenges facing traditional LNG exporters, including Trinidad & Tobago. Riley said that the LNG liquefaction operation in Trinidad is a “low margin business” due to increasing global LNG supply, declining natural gas prices, and Trinidad’s “relatively high” tax rate...
Kitimat LNG Signs MOU with EOG Resources for Natural Gas Supplies
Posted on Jul 14, 2009 in Canada & Mexico, Liquefaction | Comments Off on Kitimat LNG Signs MOU with EOG Resources for Natural Gas Supplies
Kitimat LNG announced yesterday that the company has signed a Memorandum of Understanding (MOU) with its first natural gas supplier for the liquefaction project. According to Kitimat LNG’s press release, EOG Resources Canada has agreed to supply an unspecified amount of natural gas to the Kitimat LNG liquefaction facility. The Vancouver Sun offers additional...
Uncertain Future of Kenai LNG Facility Affects Local Utilities and Customers
Posted on Jul 13, 2009 in Liquefaction, State and Local Issues | Comments Off on Uncertain Future of Kenai LNG Facility Affects Local Utilities and Customers
An analysis published by the Alaska Journal of Commerce examines the uncertain future of the Kenai LNG liquefaction facility. The Kenai LNG terminal exports LNG to Japan and also serves as a back-up supplier of natural gas to local utilities. If facility owners and operators Marathon Oil and ConocoPhillips decide not to renew their LNG export license in 2011, the facility could still...
Kitimat LNG Expects to Begin Construction Next Spring
Posted on Jul 9, 2009 in Canada & Mexico, Liquefaction | Comments Off on Kitimat LNG Expects to Begin Construction Next Spring
Rosemary Boulton, president of Kitimat LNG, told the Edmonton Journal that she expects engineering work for the Kitimat LNG liquefaction facility to begin this fall, construction to begin in the spring of 2010, and terminal operations to commence in...
Kitimat LNG Signs MOU with Gas Natural
Posted on Jul 7, 2009 in Canada & Mexico, Liquefaction | Comments Off on Kitimat LNG Signs MOU with Gas Natural
Kitimat LNG announced yesterday that Spain’s Gas Natural has signed a Memorandum of Understanding (MOU) agreeing to take 30 percent of the LNG produced by the planned Kitimat facility. According to Reuters, Gas Natural also has an option to acquire an equity stake in the Kitimat LNG...