IPAMS Expresses Concern Over Gazprom’s Involvement in Costa Azul LNG Terminal
Posted on Apr 10, 2009 in Canada & Mexico, Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on IPAMS Expresses Concern Over Gazprom’s Involvement in Costa Azul LNG Terminal
The trade group Independent Petroleum Association of Mountain States (IPAMS) released a statement yesterday expressing concern regarding Gazprom’s announcement that it has secured regasification capacity at the Energia Costa Azul LNG import terminal. In a statement IPAMS said that Gazprom’s involvement in the North American LNG market could “have devastating effects...
Speakers at LNG Industry Forum Expect Rise in U.S. LNG Imports
Posted on Apr 10, 2009 in Markets and Competition | Comments Off on Speakers at LNG Industry Forum Expect Rise in U.S. LNG Imports
Platts LNG Daily reports that a number of speakers from both consulting firms and energy companies predicted that imports of LNG to the United States would increase. The speakers cited global market conditions, as well as the United States’ position as the market of last resort, in making their predictions at the Southeast LDC Gas Forum. [Subscription...
Gazprom Secures Capacity at Energia Costa Azul LNG Terminal
Posted on Apr 9, 2009 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom Secures Capacity at Energia Costa Azul LNG Terminal
Russian gas company Gazprom has purchased a share of Royal Dutch Shell’s regasification capacity at the Energia Costa Azul LNG import terminal on the Pacific coast of Baja California. The deal, worth $5 billion over 20 years, will allow Gazprom to commence shipping LNG supplies from the Sakhalin II liquefaction facility to the United States and other Pacific Basin markets. The...
T&T Energy Ministry Outlines Challenges Facing Country’s LNG Industry
Posted on Apr 9, 2009 in Liquefaction, Markets and Competition | Comments Off on T&T Energy Ministry Outlines Challenges Facing Country’s LNG Industry
The Energy Ministry for Trinidad & Tobago told Platts LNG Daily [subscription required] that relatively low gas prices in the United States have had a “significant impact on gas revenues from LNG export and sales.” The ministry also said that it has not made a decision on whether to invest in another LNG liquefaction...
Marketer: Increased LNG Imports Could Drive Down Price of U.S. Natural Gas
Posted on Apr 6, 2009 in Markets and Competition | Comments Off on Marketer: Increased LNG Imports Could Drive Down Price of U.S. Natural Gas
Speaking to an audience in western Colorado, John Harpole, president of Mercator Energy, said that if U.S. LNG imports rise significantly, domestic natural gas prices could fall as low as $1.50/million BTU. Read more in the Grand Junction Daily...
Analyst Predicts “Tight” Global LNG Market in 2013
Posted on Apr 3, 2009 in Markets and Competition | Comments Off on Analyst Predicts “Tight” Global LNG Market in 2013
The Calgary Herald reports that a Wood Mackenzie analyst said this week that LNG supply will exceed demand over the next two to three years, potentially leading to delays in final investment decisions on liquefaction projects and creating a “tight” global LNG market around...