Gazprom Might Announce Shtokman Partners at G8
Posted on Jun 19, 2006 in Liquefaction, Markets and Competition | Comments Off on Gazprom Might Announce Shtokman Partners at G8
In a presentation to industry analysts, Statoil executive Peter Mellbye predicted that Gazprom will announce its partners in developing the Shtokman gas field at this year’s G8 summit, Norway’s Aftenposten reported on June 16. Though Gazprom has delayed the announcement several times already, Mellbye said the decision among potential partners Statoil, Norsk...
Small and Medium-Scale LNG Projects Increase as Costs Rise
Posted on Jun 19, 2006 in Blog, Financing, Liquefaction, LNGLawBlog, Regas Terminals & Capacity | Comments Off on Small and Medium-Scale LNG Projects Increase as Costs Rise
Zeus Development Corporation president Bob Nimocks details the results of the energy analyst’s survey of world LNG projects in this report from Market Wire on June 16. According to Nimocks, the survey finds that rising engineering, construction, and raw material costs, as well as labor shortages, are causing firms to explore smaller-scale projects in smaller gas...
Qatar May Require ConocoPhillips to Take LNG Supply to Golden Pass
Posted on Jun 15, 2006 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Qatar May Require ConocoPhillips to Take LNG Supply to Golden Pass
According to Tuesday’s Platts LNG Daily, Qatar may force ConocoPhillips to send its Qatari LNG supply to the planned Golden Pass regasification terminal in Sabine, Texas, instead of the ConocoPhillips financed Freeport LNG terminal in Freeport, Texas. The Golden Pass terminal’s location near the Texas-Louisiana border provides a better opportunity for Qatar to take advantage of higher...
CERA: U.S. Market to Demand Only One-Fifth of New LNG Production
Posted on Jun 12, 2006 in Liquefaction, LNGLawBlog, Markets and Competition | Comments Off on CERA: U.S. Market to Demand Only One-Fifth of New LNG Production
Cambridge Energy Research Associates analyst Robert Ineson projects that the U.S. market will “only capture 20%” of an expected worldwide increase in LNG production of 5 Bcf/day in the next two years. Despite being the world’s single biggest gas market, the U.S. has seen a significant decline since the beginning of the year in what were once record high gas...
Consultant: Regulatory Hurdles and Asian Demand Impact U.S. Efforts to Acquire More LNG
Posted on Jun 1, 2006 in Liquefaction, Markets and Competition | Comments Off on Consultant: Regulatory Hurdles and Asian Demand Impact U.S. Efforts to Acquire More LNG
Speaking on gas prices at a conference on coalbed methane, Don Warlick of business consulting firm Warlick International said that public opposition to terminal siting, and market competition that draws supply to Asia, will prevent LNG imports from affecting US gas prices for at least the next several years. Warlick also suggested that developers will not invest in LNG terminals unless...
Shtokman Decision Pushed Back Until Summer
Posted on May 19, 2006 in Liquefaction, Markets and Competition | Comments Off on Shtokman Decision Pushed Back Until Summer
Platts Oilgram News today reports that Gazprom has postponed until summer its decision to announce the participants in its Shtokman LNG venture. “There are new interesting proposals from the candidates, which need to be studied,” according to a Gazprom spokesperson. The Russian-owned gas company was to have issued a decision in April. U.S. companies ConocoPhillips and...