BP LNG Strategist Does Not Expect Lower Gas Prices in Europe Due to Potential U.S. LNG Exports
Posted on Mar 14, 2012 in LNG Exports, Markets and Competition | Comments Off on BP LNG Strategist Does Not Expect Lower Gas Prices in Europe Due to Potential U.S. LNG Exports
Speaking to an industry conference in London yesterday, Andrew Walker, head of BP’s LNG strategy, said that he does not expect Europe to see significantly lower gas prices due to U.S. LNG exports. According to Platts, Walker said that potential regulatory and commodity risks for U.S. LNG exports limit their attractiveness to European and Asian LNG buyers. [Update: Although Platts...
Controversy Over LNG Exports Reminds Some of Keystone Fight
Posted on Mar 14, 2012 in Environmental, LNG Exports, Policy, Legislation and Politics | Comments Off on Controversy Over LNG Exports Reminds Some of Keystone Fight
An article in CNN Money today draws similarities between the fight over the Keystone oil pipeline project and LNG export projects, with environmental groups opposing energy resource developers. The article references Cheniere Energy’s Sabine Pass LNG Liquefaction Project as an example of the broader controversy in which environmental groups are pushing the U.S. government to take the...
ACC Clarifies Position on U.S. LNG Exports
Posted on Mar 13, 2012 in LNG Exports, Policy, Legislation and Politics | Comments Off on ACC Clarifies Position on U.S. LNG Exports
The American Chemistry Council (ACC) has issued a press release responding to an article published by the Wall Street Journal last week which suggested that the ACC opposed the export of U.S. natural gas as LNG. The press release states that the group does “not support natural gas exports bans.” The Wall Street Journal has amended its previous article to reflect this...
Japan to Request DOE Permission to Import U.S. LNG
Posted on Mar 13, 2012 in Federal Regulation, LNG Exports, Policy, Legislation and Politics, Trade Restrictions | Comments Off on Japan to Request DOE Permission to Import U.S. LNG
Platts reported today that Japanese delegates intend to meet today with U.S. Department of Energy Deputy Secretary Daniel Poneman and request permission to import relatively low-priced U.S. LNG. The officials are expected to meet at the International Energy Forum being held in Kuwait...
Cheniere Requests FERC Action
Posted on Mar 12, 2012 in Federal Regulation, LNG Exports, Regas Terminals & Capacity | Comments Off on Cheniere Requests FERC Action
On March 8, 2012, Cheniere Energy, Inc. filed a letter with FERC requesting that the Commission issue an order approving Cheniere’s Sabine Pass LNG Liquefaction Project no later than March 15, 2012. Cheniere stated that failure to receive FERC authorization by that date could result in delays in construction of the project and significant price increases. Cheniere’s letter is...
DOE Reaffirms LNG Export Application Stance
Posted on Mar 12, 2012 in Federal Regulation, LNG Exports, Policy, Legislation and Politics | Comments Off on DOE Reaffirms LNG Export Application Stance
Speaking at an industry conference last week, U.S. Department of Energy (DOE) Deputy Secretary Daniel Poneman reaffirmed that DOE would “not take any actions on the pending export applications until [DOE’s] ongoing review of this issue is completed and we have had an opportunity to review the results.” Addressing concerns related to the impact that increased gas exports...