Three-Nation Alliance Submits Consultant’s Report Challenging Downeast LNG’s Revised Purpose and Need Statement
Posted on Nov 25, 2009 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Three-Nation Alliance Submits Consultant’s Report Challenging Downeast LNG’s Revised Purpose and Need Statement
Yesterday, the Three-Nation Alliance submitted a motion to FERC requesting that the Commission reject Downeast LNG’s August 21, 2009, Revised Purpose and Need Statement. The Alliance specifically challenged the fact that Downeast filed a revised purpose and need statement for the project more than one month after the public comment period on the Draft EIS closed. In support of...
Analysts: Coal and LNG Imports Likely to Create Downward Pressure on U.S. Natural Gas Prices in Near Term
Posted on Nov 24, 2009 in Markets and Competition | Comments Off on Analysts: Coal and LNG Imports Likely to Create Downward Pressure on U.S. Natural Gas Prices in Near Term
Analysts with Wood Mackenzie said in a report released last week that they believe coal and LNG imports will create downward pressure on U.S. natural gas prices through 2011. However, the report warns that reduced capital investment in conventional natural gas exploration and production could lead to price increases in later years. Read more in Platts LNG Daily. [Subscription...
Analysts: More U.S. LNG Exports Unlikely
Posted on Nov 20, 2009 in Markets and Competition | Comments Off on Analysts: More U.S. LNG Exports Unlikely
Industry analysts have told Reuters that they believe it is not likely that the United States will export significant additional quantities of LNG in the coming years despite forecasts that U.S. gas supply will outpace domestic demand. The analysts cited the relatively higher costs of producing gas in the United States, logistical challenges of aggregating gas from...
Massachusetts Questions Weaver’s Cove Analysis of Regional Gas Market
Posted on Nov 20, 2009 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Massachusetts Questions Weaver’s Cove Analysis of Regional Gas Market
The Massachusetts Department of Energy Resources provided comments to FERC this week regarding a regional natural gas market study submitted by Weaver’s Cove Energy. The Department asserted “that it is unclear to what extent, if any, Weaver’s Cove’s LNG supply is needed either to meet the region’s gas supply needs or to reduce fossil [fuel] use in the...
European LNG Headlines
Posted on Nov 19, 2009 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on European LNG Headlines
Shtokman Production Delayed Two Years (Wall Street Journal) [Subscription required] E.ON Boosts Gas Trading as Oil Rally Skews Contracts (Bloomberg) Conference Speakers Call for More European Terminal Access (Platts LNG Daily) [Subscription...
Nigerian LNG Exports to U.S. Market Could Affect Prices This Winter
Posted on Nov 13, 2009 in Markets and Competition | Comments Off on Nigerian LNG Exports to U.S. Market Could Affect Prices This Winter
Reuters (carried via Forbes) reports that increased LNG exports from Nigeria LNG to the Atlantic Basin are likely to find their way to U.S. destinations, driving gas prices down in North America. Nikos Tsafos, an analyst with PFC Energy, suggests that, although the Atlantic Basin gas market has been relatively balanced in the last year, that balance was mainly due to a shut-in of...