Freeport LNG VP Explains LNG Re-Export Business Model
Posted on May 19, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Freeport LNG VP Explains LNG Re-Export Business Model
Freeport LNG Vice President Bill Henry explained his company’s LNG re-export business model last week to Reuters, noting that he has seen “a lot of interest” in the re-export proposal. Henry noted that the re-export capabilities “could be used by the customers we have, or by a third party.” The terminal’s existing customers include ConocoPhillips,...
EIA: “Significant Uncertainty” in Global LNG Market
Posted on May 13, 2009 in Markets and Competition | Comments Off on EIA: “Significant Uncertainty” in Global LNG Market
In its Short-Term Energy Outlook released yesterday, the U.S. Energy Information Administration (EIA) predicted that the United States would import approximately 500 Bcf of LNG in 2009 and approximately 650 Bcf in 2010. However, EIA also noted that “there is significant uncertainty associated with the global LNG balance.” Platts LNG Daily [subscription required] provides...
Repsol Executive: North American Gas Prices to have Limited Impact on Cargo Deliveries to Canaport LNG Terminal
Posted on May 12, 2009 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Repsol Executive: North American Gas Prices to have Limited Impact on Cargo Deliveries to Canaport LNG Terminal
Platts Gas Daily [subscription required] reports that Denis Marcoux, vice president of Repsol Canada, told attendees at the Camput 2009 conference that North American natural gas prices will have only a limited impact on LNG cargo delivers to the Canaport regasification terminal. Separately, CBC reports that Canaport LNG has almost completed its jetty, leaving cleanup and painting left...
Analysts: Delays at Liquefaction Projects Could Moderate Expected Increase in LNG Imports to U.S. Terminals
Posted on May 8, 2009 in Markets and Competition | Comments Off on Analysts: Delays at Liquefaction Projects Could Moderate Expected Increase in LNG Imports to U.S. Terminals
Analysts with Bernstein said in a research note published yesterday that delayed commercial operations at several liquefaction projects around the world, including the QatarGas II Train 5, Indonesia’s Tangguh, and the Sakhalin II Train 2 facility in Russia, could moderate the expected increase in LNG delivered to U.S. terminals. Reuters provides further...
NATS Suggests 2009 U.S. LNG Imports May Approach 2007 Total
Posted on May 7, 2009 in Markets and Competition | Comments Off on NATS Suggests 2009 U.S. LNG Imports May Approach 2007 Total
In a market comment released yesterday, NATS suggests that U.S. LNG imports in 2009 may approach, but likely will not reach, the record-setting import total of 2007. NATS says that the size of the expected surge in LNG deliveries to U.S. terminals over the summer will determine whether the 2009 import total reaches the 738 Bcf imported to the United States in 2007. [Subscription...
El Paso Official Skeptical of West Coast LNG
Posted on May 6, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on El Paso Official Skeptical of West Coast LNG
Jim Cleary, president of El Paso’s Western Pipeline division, told Platts LNG Daily that he does not believe that the LNG import projects planned for Oregon will go forward “in the foreseeable future.” Cleary made the remarks while discussing western U.S. natural gas production and his company’s efforts to build a new pipeline from a production area in the...