Security Tightened at Trinidad and Tobago’s LNG Facility
Posted on Jun 7, 2007 in Liquefaction, Safety & Security | Comments Off on Security Tightened at Trinidad and Tobago’s LNG Facility
In the wake of an alleged plot by men from Trinidad and Tobago and Guyana to damage New York’s John F. Kennedy International Airport using energy infrastructure, police in Trinidad and Tobago announced that security has been tightened at the country’s key energy facilities, including the Atlantic LNG export terminal. Platts LNG Daily provides further...
Dow Chemical Anticipates Greater Liquefaction Capacity Worldwide
Posted on Jun 6, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Dow Chemical Anticipates Greater Liquefaction Capacity Worldwide
The CEO of Dow Chemical Company, Andrew Liveris, announced that Dow would wait to secure long-term supply contracts for its stake in the Freeport LNG terminal until additional LNG liquefaction facilities come online. Liveris told Reuters that after early 2008 Dow will be able to take advantage of a supply-demand imbalance in LNG, which he predicts will occur as a result of more...
Analyst: Liquefaction Construction Costs at $800/metric ton
Posted on May 22, 2007 in Liquefaction | Comments Off on Analyst: Liquefaction Construction Costs at $800/metric ton
Speaking at the 6th Annual Platts LNG Conference yesterday, an analyst with Poten & Partners reported that construction of liquefaction facilities now costs $800/metric ton of output capacity, four times the cost seven years ago. He stated that this high cost stemmed from both an increase in materials costs and a shortfall of qualified workers. At the same time, demand in the...
Expert: Access to Global LNG Supplies Major Factor in U.S. Market
Posted on May 22, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Expert: Access to Global LNG Supplies Major Factor in U.S. Market
James Diemer, the managing director of Pace Global Energy, told attendees at the 6th Annual Platts LNG Conference that there will be a second wave of projects to expand U.S. LNG regasification capacity, which will likely come in the form of expansions to existing terminals. In the short-term, Diemer predicted that, because global liquefaction capacity is growing more slowly than U.S....
Algeria Plans to Triple LNG Exports to the United States
Posted on May 14, 2007 in Liquefaction, Markets and Competition | Comments Off on Algeria Plans to Triple LNG Exports to the United States
The chief executive of Algerian state-owned Sonatrach says the company will likely triple its LNG exports to the United States by 2010. This increase in exports will coincide with an anticipated 12 billion cubic meter increase in natural gas output capacity after the completion of two significant projects. Reuters provides further...
Alaska Gov.: Kenai LNG Export Terminal Must Contract with Local Utilities
Posted on Apr 24, 2007 in E&P, Liquefaction, State and Local Issues | Comments Off on Alaska Gov.: Kenai LNG Export Terminal Must Contract with Local Utilities
Governor Sarah Palin (R-AK) yesterday released further details regarding her conditional support for extending the export license of the Kenai export terminal. The Governor wants a long-term contract between Kenai’s owners, ConocoPhillips and Marathon, and local utilities Enstar Natural Gas and Chugach Electric at least through the expiration of the export license. Alaska also is...