Analysts Provide Insight Into U.S. Spot Market
Posted on May 17, 2006 in Liquefaction, Markets and Competition | Comments Off on Analysts Provide Insight Into U.S. Spot Market
An increase in natural gas prices and a move away from long-term contracts could create a more active LNG spot market, according to two energy industry insiders. Karen Harbert, the Assistant Secretary for Policy and International Affairs at the Department of Energy, says higher prices would attract more cargos to U. S. markets. An executive advisor to Hess Energy Trading, Ed Morse,...
Strained U.S.-Russian Relations May Impact U.S. Involvement in Shtokman
Posted on May 17, 2006 in E&P, Liquefaction, Policy, Legislation and Politics, Trade Restrictions | Comments Off on Strained U.S.-Russian Relations May Impact U.S. Involvement in Shtokman
Today’s World Gas Intelligence reports that the recent escalation of tensions between the United States and Russia may negatively impact chances for Chevron and ConocoPhillips to participate in the Shtokman LNG venture in Russia. The strained relationship partially stems from U.S. allegations that Russia is using its vast gas reserves to expand its preeminence in the global...
Passamaquoddy Tribe Prevails in Freedom of Access Case
Posted on May 9, 2006 in Liquefaction, Regas Terminals & Capacity, State and Local Issues | Comments Off on Passamaquoddy Tribe Prevails in Freedom of Access Case
The Maine Supreme Court yesterday ruled that the state’s Freedom of Access Act does not require the Passamaquoddy Tribe to disclose information about its negotiations with Quoddy Bay LNG.The Supreme Court agreed with the lower court thatthe tribe was acting as a business rather than a municipality when it negotiated with Quoddy Bay and, therefore, should not be subject to...
Report: Pipeline From Alaska to Chicago More Profitable Than LNG Shipments to West Coast
Posted on Apr 26, 2006 in Liquefaction, Markets and Competition, Pipelines | Comments Off on Report: Pipeline From Alaska to Chicago More Profitable Than LNG Shipments to West Coast
A plan to deliver LNG cargoes from a proposed liquefaction plant in Alaska to the West Coast would be less profitable than piping the gas to the Chicago market, a report from PFC Energy says. The study, which was commissioned by the Alaska Department of Revenue, says the liquefaction project offers a netback of $3.17/MMBtu compared to a yield of $4.69/MMBtu by the Chicago pipeline...
Lawsuit Filed Against Interior and BIA Regarding Quoddy Bay LNG Lease
Posted on Apr 18, 2006 in Environmental, Federal Regulation, Liquefaction, Regas Terminals & Capacity, State and Local Issues | Comments Off on Lawsuit Filed Against Interior and BIA Regarding Quoddy Bay LNG Lease
The Vermont Law School Environmental and Natural Resources Clinic today issued a press release announcing that citizen group Nulankeyutomonen Nkihtahkomikumon (We Take Care of Our Land) has sued the Department of the Interior (DOI) and Bureau of Indian Affairs (BIA) in connection with the proposed Quoddy Bay LNG terminal. The group alleges that endangered and threatened whale species...
Russia to Benefit from LNG Project With Canada
Posted on Apr 17, 2006 in Liquefaction, Pipelines, Regas Terminals & Capacity | Comments Off on Russia to Benefit from LNG Project With Canada
The St. Petersburg Times reports that the LNG plant planned for Leningrad Oblast will earn more than $40 million annually and provide thousands of jobs in Russia. The plant is expected to produce five million tons of LNG annually, which is earmarked for delivery to Petro-Canada’s proposed Gros-Cocouna regasification terminal in Canada. Considering the...