Developers of Marcellus Shale Gas Unconcerned about Competition with LNG Imports
Posted on May 29, 2009 in Markets and Competition | Comments Off on Developers of Marcellus Shale Gas Unconcerned about Competition with LNG Imports
Several producers of Marcellus Shale gas told the Platts Oil and Gas Shale Developer Conference yesterday that they do not believe potential competition with U.S. LNG imports will delay development of Marcellus projects. One developer noted that U.S. LNG import levels have been unpredictable in recent years, causing difficulties in modeling the effects of LNG imports on the U.S. gas...
Industry Executive Expresses Uncertainty Regarding Effect of LNG on U.S. Gas Market
Posted on May 22, 2009 in Markets and Competition | Comments Off on Industry Executive Expresses Uncertainty Regarding Effect of LNG on U.S. Gas Market
Speaking at the Houston Business Journal’s Energy Forum, Baker Hughes Chairman and CEO Chad Deaton predicted that the next two to three years would be “pretty tough” for oil and natural gas prices and he characterized the effect of LNG on the U.S. gas market as the “800 pound gorilla.” The Business Journal provides additional coverage of the...
Wood Mac Analyst Expects “Tsunami” of LNG Imports to U.S. Market in Coming Years
Posted on May 22, 2009 in Markets and Competition | Comments Off on Wood Mac Analyst Expects “Tsunami” of LNG Imports to U.S. Market in Coming Years
Jen Snyder, an analyst with Wood MacKenzie, said yesterday that as global LNG production capacity increases, a “tsunami of LNG is set to hit the U.S. market.” Snyder also noted that most of the increase in LNG imports to the United States will likely take place in 2010 and 2011. Read more in Platts LNG Daily. [Subscription...
Anadarko CEO Says LNG Imports May Create Downward Pressure on U.S. Natural Gas Prices
Posted on May 20, 2009 in Markets and Competition | Comments Off on Anadarko CEO Says LNG Imports May Create Downward Pressure on U.S. Natural Gas Prices
Jim Hackett, CEO of Anadarko Petroleum Corp., told Bloomberg News (carried via the Houston Chronicle) that he expects increased LNG imports to the United States will create downward pressure on U.S. natural gas prices. He said, “Our feeling is that natural gas prices have some challenges because of the LNG that may be coming this way due to our storage capability in the United...
Industry Analyst: Shale Gas Plays Could Affect LNG Deliveries to Canaport Facility
Posted on May 20, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Industry Analyst: Shale Gas Plays Could Affect LNG Deliveries to Canaport Facility
Barbara Shook with the Energy Intelligence Group told CBC News that increased shale gas plays could result in less LNG cargos being delivered to the Canaport LNG regasification facility than...
Calais LNG Announces Open Season for Natural Gas Pipeline Capacity
Posted on May 19, 2009 in Markets and Competition, Pipelines | Comments Off on Calais LNG Announces Open Season for Natural Gas Pipeline Capacity
On May 15, Calais LNG announced a binding open season for 1 Bcf/d of firm transportation service on the planned pipeline that will connect the Calais LNG import terminal to the Maritimes & Northeast Pipeline system. The open season will begin on May 22 and end on June 12, 2009. Reuters provides additional...