Panamanian Official: Expanded Panama Canal Will Accommodate Most LNG Vessels
Posted on Apr 29, 2009 in Markets and Competition, Vessel Transportation | Comments Off on Panamanian Official: Expanded Panama Canal Will Accommodate Most LNG Vessels
Silvia de Marucci of the Panama Canal Authority told attendees at the CWC conference in New Orleans that the expansion of the Panama Canal currently underway will allow larger vessels, including a large majority of LNG vessels in use and under construction, to use the canal. Use of the Panama Canal could have a significant impact on arbitrage opportunities between the...
Barclays Predicts U.S. LNG Imports to Reach 2.1 Bcf/d for 2009
Posted on Apr 23, 2009 in Markets and Competition | Comments Off on Barclays Predicts U.S. LNG Imports to Reach 2.1 Bcf/d for 2009
Analysts with Barclays Capital said yesterday that they believe U.S. LNG imports will average 2.1 Bcf/d for 2009. According to Platts LNG Daily, Barclays’ research note predicted U.S. LNG imports of 2.1 Bcf/d in the second quarter and 2.6 Bcf/d for both the third and fourth quarters. [Subscription...
Elba Island Terminal to Import Seven LNG Cargos in April
Posted on Apr 23, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Elba Island Terminal to Import Seven LNG Cargos in April
Reuters reports that the Elba Island LNG terminal in Georgia will accept seven LNG cargos during the month of April, compared with three cargos received during March. Reuters also notes that other American LNG terminals, including the Cove Point LNG terminal, are likely to see increased LNG imports this...
Analysts: Increased LNG Imports Will Affect U.S. Natural Gas Production
Posted on Apr 20, 2009 in Markets and Competition | Comments Off on Analysts: Increased LNG Imports Will Affect U.S. Natural Gas Production
Analysts with Credit Suisse issued a report last Thursday which predicts that increased LNG imports to the United States could discourage domestic natural gas production in the short-term. According to Platts LNG Daily, the report also notes that the global LNG market could experience a significant upward price correction by 2011, which may lead to a subsequent decrease in US LNG...
Repsol Official: Canaport LNG Will Close Gas Supply Gap for U.S. Northeast
Posted on Apr 20, 2009 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Repsol Official: Canaport LNG Will Close Gas Supply Gap for U.S. Northeast
Phillip Ribbeck, president of Repsol Energy North America, told Platts LNG Daily [subscription required] that his company’s Canaport LNG import terminal, currently under construction in St. John, New Brunswick, will be able to fill the natural gas supply gap that some end-users are concerned may affect the U.S. Northeast. Ribbick also expressed his doubt that the New England...
Industry Analysts: Stronger Dollar Could Attract LNG Cargos to U.S.
Posted on Apr 17, 2009 in Markets and Competition | Comments Off on Industry Analysts: Stronger Dollar Could Attract LNG Cargos to U.S.
Analysts with LCM Commodities released a report yesterday suggesting that a stronger U.S. Dollar could attract LNG cargos to import terminals in the United States this quarter. Platts LNG Daily provides additional information. [Subscription...