Study: Fears That Increased US LNG Exports Will Fuel Dramatic Price Increases Are Unrealistic
Posted on Mar 26, 2012 in LNG Exports, Markets and Competition | Comments Off on Study: Fears That Increased US LNG Exports Will Fuel Dramatic Price Increases Are Unrealistic
A new study by NATS [subscription required] titled, “Competitiveness of US LNG Exports in Asia,” finds that increased U.S. LNG exports will not result in dramatic price increases for domestic natural gas. The study also addresses the competition between U.S. and Australian LNG exports to serve the Asian LNG market and concludes that increased U.S. LNG exports will not...
Bills Introduced by U.S. Representative Markey Would Prevent Alaska LNG Exports
Posted on Mar 23, 2012 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on Bills Introduced by U.S. Representative Markey Would Prevent Alaska LNG Exports
In a press release issued this week, U.S. Rep. Edward Markey (D-Mass.) criticized reported plans by BP, ConocoPhillips, and ExxonMobil to build a pipeline allowing for the export of Alaskan LNG. Those exports would be prohibited under two bills recently proposed in Congress by Markey. Read more in the Alaska...
Final Investment Decision on Kitimat LNG Expected Q3 2012
Posted on Mar 23, 2012 in Canada & Mexico, LNG Exports | Comments Off on Final Investment Decision on Kitimat LNG Expected Q3 2012
A final investment decision to construct the Kitimat LNG project is expected in the third quarter of 2012, according to a report in today’s Platts LNG Daily [subscription required]. A company official stated that the facility’s target production date is...
Gazprom Seeking U.S. LNG Project Role
Posted on Mar 23, 2012 in Financing, LNG Exports | Comments Off on Gazprom Seeking U.S. LNG Project Role
RBC reported yesterday that Gazprom Global LNG is looking to invest in an undisclosed U.S. LNG project. A Gazprom official stated that the company hopes to export 25% of the annual global LNG trade by...
Imperial Oil Evaluating LNG Export Options
Posted on Mar 22, 2012 in Canada & Mexico, LNG Exports | Comments Off on Imperial Oil Evaluating LNG Export Options
ExxonMobil’s Canadian affiliate Imperial Oil is considering options for LNG exports of gas produced from the Horn River shale in British Columbia under a lease that Imperial shares with ExxonMobil. Imperial President and CEO Bruce March stated that Imperial hoped to complete a full-field development plan for Horn River this decade, according to a report in Platts LNG Daily...
FERC Seeks Additional Information from Freeport LNG on Phase II Modification Project
Posted on Mar 21, 2012 in Environmental, Federal Regulation, LNG Exports, Regas Terminals & Capacity | Comments Off on FERC Seeks Additional Information from Freeport LNG on Phase II Modification Project
Yesterday, FERC asked Freeport LNG Development, L.P. to provide additional information regarding the company’s planned Phase II Modification Project. According to FERC’s letter, available in the eLibrary under Docket No. CP12-29, the information requested is “necessary for [the Commission staff] to continue preparation of the environmental...