Trinidad Reviewing LNG Agreement with Jamaica
Posted on Jul 14, 2010 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Trinidad Reviewing LNG Agreement with Jamaica
The government of Trinidad & Tobago is reviewing the terms of its 2004 agreement to supply Jamaica with LNG supplies. Trinidad’s Energy Minister, Caroline Seepersad-Bachan, noted that since 2004 the government has imposed “new criteria for the assignment and allocation of gas.” Read more in the Jamaica...
EIA Issues Downward Revision of 2010 U.S. LNG Imports Forecast
Posted on Jul 8, 2010 in Markets and Competition | Comments Off on EIA Issues Downward Revision of 2010 U.S. LNG Imports Forecast
The U.S. Energy Information Administration revised its forecast for 2010 LNG imports to the United States in its July Short-Term Energy Outlook, predicting that U.S. LNG imports will average approximately 1.37 Bcf/d in...
South Korean Firms Sign Agreements with Pemex
Posted on Jul 7, 2010 in Markets and Competition, Regas Terminals & Capacity | Comments Off on South Korean Firms Sign Agreements with Pemex
South Korea’s KOGAS and STX Group concluded a number of cooperation agreements with a subsidiary of Mexico’s Pemex. Platts LNG Daily provides further information. [Subscription...
Negotiations Underway for Jamaican LNG Project
Posted on Jul 6, 2010 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Negotiations Underway for Jamaican LNG Project
Officials with the Jamaican government and the developers of the Jamaican LNG import project said late last week that they are approximately seven months away from finalizing agreements for the planned floating LNG facility. The Jamaica Gleaner also reports that a number of investors have expressed interest in the...
Analysis: Oil Majors Turning to Natural Gas Projects Over Oil
Posted on Jul 2, 2010 in Markets and Competition | Comments Off on Analysis: Oil Majors Turning to Natural Gas Projects Over Oil
The Economist carries an analysis of the global natural gas and oil markets and suggests that, as natural gas projects offer relatively stable returns and are less expensive than oil projects to develop, oil majors will continue adding natural gas projects to their business...
Elba Island LNG Expansion Capacity Nearly Ready for Commissioning
Posted on Jul 2, 2010 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Elba Island LNG Expansion Capacity Nearly Ready for Commissioning
ICIS Heren [subscription required] reports that the first phase of expansion capacity at the Elba Island LNG terminal, which has been contracted by Shell, is expected to be ready for commissioning by...