Gazprom and Shell Sign Agreement to Transport LNG to Mexico
Posted on May 5, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom and Shell Sign Agreement to Transport LNG to Mexico
Yesterday’s Forth Worth Business Press reports on a recent agreement between Gazprom and Royal Dutch Shell that allows Shell to transport LNG from Russia to Sempra’s Energia Costa Azul terminal in Mexico. Gazprom’s management committee chairman, Alexey Miller, noted that, “this deal will enable Gazprom to begin shipment of LNG supplies from Sakhalin II to the...
Steady Deliveries of LNG to Several U.S. Terminals Expected in May
Posted on May 5, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Steady Deliveries of LNG to Several U.S. Terminals Expected in May
Reuters provides an update on the LNG cargos expected to be delivered to several U.S. LNG terminals, including the Cove Point, Elba Island, and Lake Charles terminals, during the month of...
Sempra CEO: LNG Industry Needs to Standardize Pricing Globally
Posted on May 1, 2009 in Markets and Competition | Comments Off on Sempra CEO: LNG Industry Needs to Standardize Pricing Globally
Darcel Hulse, CEO of Sempra LNG, told CWC’s Americas LNG conference this week that he believes a global price for LNG would benefit LNG customers around the world. Hulse noted the frequent disparity between Asian prices compared with American or European price levels and told Platts LNG Daily that major LNG buyers like Japan should not have to pay a premium for LNG. [Subscription...
Op-Ed: Pacific Northwest Needs Access to Greater Natural Gas Supplies, Including LNG
Posted on Apr 30, 2009 in Markets and Competition, State and Local Issues | Comments Off on Op-Ed: Pacific Northwest Needs Access to Greater Natural Gas Supplies, Including LNG
West Linn Tidings published an op-ed today by Ed Finklea, Executive Director of Energy Action Northwest, arguing that the number of natural gas customers in Oregon and Washington is expected to increase dramatically over the next twenty years. Finklea notes that, without LNG terminals on the Pacific coast, new gas supplies to meet demand would have to come from the Rocky Mountains and...
Analysts: Canaport LNG Terminal Could Serve as Key Trading Hub
Posted on Apr 29, 2009 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Analysts: Canaport LNG Terminal Could Serve as Key Trading Hub
Noting that the Sable Offshore Energy Project in Nova Scotia will be offline in the coming months, several industry analysts told Platts Gas Daily [subscription required] that they believe the Canaport LNG import terminal will emerge as a critical gas trading hub for the Northeastern United States owing to the terminal’s significant send-out capability and substantial storage...
Op-Ed Argues in Support of LNG Projects in Maine
Posted on Apr 29, 2009 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed Argues in Support of LNG Projects in Maine
An op-ed written by Glenn Poole of the Industrial Energy Consumers Group, carried by the Bangor Daily News, states that as Maine often faces high natural gas price basis differentials, the state should develop additional sources of natural gas, including...