Jamaican Authorities Predicts Dramatic Energy Cost Savings from Switch to LNG
Posted on Jun 16, 2010 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaican Authorities Predicts Dramatic Energy Cost Savings from Switch to LNG
This week the Jamaican government renewed its efforts to diversify its energy portfolio by importing LNG. According to the Jamaica Gleaner, the Jamaica Public Service Company estimates that customers could see a 25-30 percent reduction for electricity costs and a number of government officials highlighted the importance of adding LNG to the country’s fuel...
Market Conditions, Politics Present Challenges for Cheniere’s LNG Export Plan
Posted on Jun 16, 2010 in Liquefaction, Markets and Competition, Policy, Legislation and Politics | Comments Off on Market Conditions, Politics Present Challenges for Cheniere’s LNG Export Plan
In an analysis of Cheniere’s proposal to export U.S. natural gas as LNG via the company’s Sabine Pass facility, Reuters (carried by Forexyard.com) predicts that the project will face significant financial and political challenges. Zach Allen of Pan Eurasian Enterprises told Reuters, “I am not sure the economics work out in Cheniere’s favor,” noting that...
European LNG Headlines
Posted on Jun 15, 2010 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on European LNG Headlines
Polish TSO Wants New Tariff to Cover LNG Terminal Costs (ICIS Heren) [Subscription required] South Hook LNG Site Noise Upsets Residents (Western Mail) Ukraine Intends to Buy 10 Bcm of Azeri Gas in Black Sea (Turkish Weekly) Croatia’s Adria LNG Import Terminal Set for Three-Year Delay Until 2017 (Platts LNG Daily) [Subscription...
Initial Export LNG Cargo from Peru to be Delivered to Sempra’s Energia Costa Azul Terminal
Posted on Jun 15, 2010 in Canada & Mexico, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Initial Export LNG Cargo from Peru to be Delivered to Sempra’s Energia Costa Azul Terminal
Platts LNG Daily [subscription required] reported last week that the first LNG cargo exported from Peru will be delivered to the Energia Costa Azul LNG regasification terminal located in Baja California,...
European LNG Headlines
Posted on Jun 8, 2010 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on European LNG Headlines
Spain’s Gas Natural and Iran’s National Oil Co. Announce LNG Proposal for Croatian Coast (Croatian Times) Shell May Assume Iride’s Offtake Position at OLT LNG (Project Finance Magazine) [Subscription...
Louisiana Senator Expresses Support for Cheniere’s LNG Export Proposal
Posted on Jun 7, 2010 in Liquefaction, Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on Louisiana Senator Expresses Support for Cheniere’s LNG Export Proposal
Senator Mary Landrieu (D-La.) issued a statement last week expressing her support for Cheniere Energy’s proposal to liquefy domestic natural gas and export it as LNG from the Sabine Pass LNG facility. Senator Landrieu noted that the Haynesville Shale play, located in northwest Louisiana, could provide significant natural gas supplies to “allow the U.S. to become a major...