Cheniere CEO Expects Significant Increase in LNG Deliveries to United States in 2009
Posted on Apr 3, 2009 in Markets and Competition | Comments Off on Cheniere CEO Expects Significant Increase in LNG Deliveries to United States in 2009
During a conference call with industry analysts, Cheniere Energy CEO Charif Souki said that he expects a significant increase in LNG deliveries to the United States in 2009. According to Souki, increased global LNG liquefaction capacity likely will lead to increased LNG supply available for import into the United States. Platts LNG Daily provides additional coverage. [Subscription...
EIA: U.S. Natural Gas Imports, Including LNG, Likely to Decline By 2030
Posted on Apr 1, 2009 in Markets and Competition | Comments Off on EIA: U.S. Natural Gas Imports, Including LNG, Likely to Decline By 2030
In its Annual Energy Outlook 2009, the U.S. Energy Information Administration (EIA) predicts that U.S. natural gas net imports, including LNG, will account for 3% of the U.S. natural gas supply by 2030, down from 16% in 2007. The EIA also predicts that U.S. LNG imports will peak at 1.5 Tcf in 2018, but will decline to 800 Bcf in...
Liberty Natural Gas: Gas Market to Rebound, Make LNG Imports More Attractive
Posted on Mar 30, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Liberty Natural Gas: Gas Market to Rebound, Make LNG Imports More Attractive
A spokesperson for the proposed Liberty Natural Gas LNG deepwater port and storage project told the Press of Atlantic City that the company expects natural gas prices to rise in the future. The spokesperson went on to cite the expected increase in LNG liquefaction capacity this year and noted that “there will be a new demand for natural gas as a...
Osaka Gas to Consider Acquiring Regasification Rights in Freeport LNG
Posted on Mar 25, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Osaka Gas to Consider Acquiring Regasification Rights in Freeport LNG
Osaka Gas, Japan’s second-largest city natural gas supplier, announced this week that it will stop all spot purchases of LNG in the April 2009-March 2010 fiscal year and will seek to increase its LNG equity production. In connection with this announcement, the company also indicated that it would consider acquiring regasification rights in the Freeport LNG import terminal, where...
LNG Likely to Remain Focus After Suncor, Petro-Canada Merger
Posted on Mar 24, 2009 in Canada & Mexico, Markets and Competition | Comments Off on LNG Likely to Remain Focus After Suncor, Petro-Canada Merger
According to an analysis in the Toronto Star, after the $15 billion merger of Petro-Canada and Suncor, two of the largest operators in Canada’s oil sands, Petro-Canada’s position in the Canadian LNG market is likely to remain a focus of new management of the combined...
Increase in U.S. LNG Imports May Be Delayed Until Mid-Summer
Posted on Mar 23, 2009 in Markets and Competition | Comments Off on Increase in U.S. LNG Imports May Be Delayed Until Mid-Summer
Reuters reports on predictions by several energy analysts that increased European demand this spring may delay an expected increase in U.S. LNG imports until the middle of the summer. The piece also notes that while U.S. LNG imports typically peak in the summer, there may be an even greater increase this year due to increased production and decreased global...