Possible Shtokman Decision
Posted on Mar 29, 2006 in Liquefaction, Markets and Competition | Comments Off on Possible Shtokman Decision
Quoting a “source close to the Gazprom board of directors,” two media outlets, Greenwire and the Turkish Press, are reporting that Gazprom has determined that two consortiums will be formed to develop the huge Shtokman field reserves. One consortium will be American and will be comprised of Chevron and ConocoPhillips and the other will be a Norwegian consortium including...
Cheniere Official Predicts Increase in U.S. LNG Imports
Posted on Mar 21, 2006 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere Official Predicts Increase in U.S. LNG Imports
Cheniere LNG President Keith Meyer predicts that 16 Bcf/d to 19 Bcf/d of LNG supply will be available to the United States in 2010. “Right now we’re getting a significant global supply response. You’ve got producing countries gearing up to supply LNG.” The Reuters article is carried...
EEA Predicts Increase in LNG Imports
Posted on Mar 20, 2006 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on EEA Predicts Increase in LNG Imports
The EEA is anticipating a rise in U.S. LNG imports this year to an average of 1.9 Bcf/d, which is a 12 percent increase from last year. Despite the predicted increase in LNG imports, the EEA says that higher natural gas prices and greater regasification capacity in the United States do not guarantee larger volumes of LNG because of growing demand for the fuel in Europe and political...
Petro-Canada and Gazprom Sign Engineering Agreement
Posted on Mar 15, 2006 in Canada & Mexico, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Petro-Canada and Gazprom Sign Engineering Agreement
The National Post today reports that Petro-Canada and Gazprom have inked an agreement to start preliminary engineering work on a liquefaction facility in St. Petersburg, Russia. The joint venture furthers plans to import LNG to a proposed regasification facility in Gros Cacouna, Quebec. “The supply assurance is certainly an important part of any of these [regasification]...
Shell and Statoil Seek Capacity Agreements for Cove Point LNG Terminal
Posted on Mar 15, 2006 in E&P, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Shell and Statoil Seek Capacity Agreements for Cove Point LNG Terminal
Today’s World Gas Intelligence reports that Shell and Statoil’s negotiations with suppliers have not produced new contracts for imports into the Cove Point LNG terminal in Maryland. Shell’s two-year contract with Repsol has ended, but a Shell official says the company “currently utilizes its Cove Point capacity for spot cargoes and is working on the development...
Disagreement Over LNG’s Role in Meeting U.S. Energy Demands
Posted on Mar 14, 2006 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Disagreement Over LNG’s Role in Meeting U.S. Energy Demands
Today’s European edition of The Wall Street Journal looks at the role of LNG in meeting consumer demands for energy in the United States. While some industry experts forecast an increase in U.S. LNG imports, the EIA says that domestic output will increase again. Don Felsinger, Sempra’s chairman and chief executive, disagrees: “[EIA is] still too optimistic.” ...