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Repsol CEO Announces Natural Gas Supply Agreement for Canaport LNG

Repsol YPF SA Chief Executive Officer Antonio Brufau told Bloomberg News yesterday that his company has entered into two short-term agreements to supply regasified LNG from the Canaport LNG terminal in St. John, New Brunswick to North American natural gas distribution...

Analysts: North American Shale Gas Plays Unlikely to Affect LNG Deliveries to Canaport LNG Terminal

Several energy industry analysts told the New Brunswick Telegraph-Journal that they do not believe North American shale gas plays will have a significant impact on LNG volumes delivered to the Canaport LNG terminal. Noting that development of shale gas projects has been curtailed, Zach Allen of Pan Eurasian Enterprises said, “I don’t think you’re going to see quite so...

European LNG Headlines

Dragon LNG: Contract Workers Walk Out of Dragon LNG Terminal (Wall Street Journal) Poland’s PGNiG and Qatar’s Qatargas to Sign LNG Supply Contract (Polish News Company) [Subscription...

NATS: Summer Surge in LNG Deliveries to U.S. Market Not Likely

Citing global market conditions, NATS released comments on Friday suggesting that a surge of LNG deliveries to the United States is becoming less likely  than previously projected. NATS notes that there are indications that LNG supply may not be as great as previously anticipated and that the pace of LNG deliveries to U.S. terminals is not speeding up. [Subscription...

European LNG Headlines

Four LNG Vessels Storing Supply Offshore Malta (The Guardian)

StatoilHydro, RasGas Agree on Short-Term LNG Supply Deal

A spokesperson for StatoilHydro told Reuters that the company has reached an agreement with Qatar’s RasGas for short-term LNG supply for the Cove Point LNG import terminal. Although few details of the agreement have been made public, the StatoilHydro representative said that “[t]he number of LNG cargos actually delivered to Statoil at Cove Point will depend on such factors...

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