Editorial: Southcentral Alaska Faces Natural Gas Supply Shortage
Posted on Dec 10, 2007 in E&P, Liquefaction, Markets and Competition | Comments Off on Editorial: Southcentral Alaska Faces Natural Gas Supply Shortage
The Anchorage Daily News published an editorial today concluding that the Southcentral region faces an uncertain energy future. According to the editorial, keeping the Kenai LNG liquefaction plant open after 2009 is difficult to justify, as the export plant sends out gas from a region that already faces a constricted supply picture. The editorial asks the state to provide leadership to...
BP T&T Urges Restraint in Pursuing Gas Projects
Posted on Dec 7, 2007 in E&P, Liquefaction | Comments Off on BP T&T Urges Restraint in Pursuing Gas Projects
Robert Riley, chairman and chief executive of BP Trinidad and Tobago, told the Jamaica Gleaner that depleting reserves suggest that Trinidad ought to “exercise restraint because we cannot allow growth to so drive us that we get so far ahead of exploration potential that we have projects but no gas.” Riley went on to say that “Trinidad has neither stranded gas nor...
Local Mayor Offers Support to Kenai LNG
Posted on Dec 5, 2007 in Liquefaction, Markets and Competition | Comments Off on Local Mayor Offers Support to Kenai LNG
The Anchorage Daily News reports that Mayor John Williams of the Kenai Peninsula Borough (Alaska) said that closing down industrial facilities, such as the Kenai LNG export terminal, is only a temporary solution to the region’s predicted gas supply shortage. Williams told the Resource Development Council’s annual gathering that shutting down industrial facilities to...
Gas Pipeline Proposals in Alaska Could Have Broader Implications for Global LNG Market
Posted on Dec 4, 2007 in Liquefaction, Pipelines, State and Local Issues | Comments Off on Gas Pipeline Proposals in Alaska Could Have Broader Implications for Global LNG Market
Several companies submitted pipeline proposals to Gov. Sarah Palin (R-Alaska), including ConocoPhillips, TransCanada, and Sinopec, to transport natural gas from production fields in the North Slope region to markets in the continental United States or for export from southern Alaska. Today’s Anchorage Daily News offers an analysis of the various proposals. Separately, Platts LNG...
Gazprom has No Plans to Enter U.S. Market Until Final Decision is Reached on Shtockman Investment
Posted on Nov 30, 2007 in Liquefaction, Markets and Competition | Comments Off on Gazprom has No Plans to Enter U.S. Market Until Final Decision is Reached on Shtockman Investment
Alexander Medvedev, deputy CEO of Gazprom, told reporters yesterday that his company will not fully determine whether to enter the U.S. LNG market until after a final investment decision is reached regarding the Shtockman field. Platts LNG Daily [subscription required] also noted that Gazprom is concerned that bids to obtain American assets in the oil and gas industry may prompt a...
Canadian Firm Contemplates LNG Projects for Far North
Posted on Nov 29, 2007 in E&P, Liquefaction | Comments Off on Canadian Firm Contemplates LNG Projects for Far North
Reuters reports that Petro-Canada is contemplating transporting natural gas in northern reserves to market via LNG vessels. Speaking to a company-sponsored conference, Petro-Canada chief executive Ron Brenneman said that the company has “formed a small team to start looking at the feasibility of [northern liquefied natural gas projects].” However, Brenneman noted that...