Market Analyst: U.S. LNG Imports May Be Profitable Despite Current Low Gas Prices
Posted on Mar 3, 2009 in Markets and Competition | Comments Off on Market Analyst: U.S. LNG Imports May Be Profitable Despite Current Low Gas Prices
Chuck Yost, president of Merlin Associates, said last week at Platts’ LNG conference that LNG exports to the United States may be acceptable to LNG producers in the absence of other more attractive destinations despite current relatively low natural gas prices. Read more in Platts LNG Daily. [Subscription...
Downeast LNG Files Updated Market Information with FERC
Posted on Feb 27, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Downeast LNG Files Updated Market Information with FERC
Yesterday Downeast LNG provided FERC with updated market analysis regarding its proposed LNG import terminal and associated natural gas pipeline. The analysis is available in FERC’s eLibrary under Docket No....
Despite Challenges in 2008, NEB Remains Optimistic About Long-Term LNG Prospects
Posted on Feb 25, 2009 in Markets and Competition | Comments Off on Despite Challenges in 2008, NEB Remains Optimistic About Long-Term LNG Prospects
Canada’s National Energy Board (NEB) released an Energy Market Assessment yesterday entitled “Liquefied Natural Gas, a Canadian Perspective,” which notes that the difficult global economic conditions will likely reduce the short-term demand for LNG in the North American market. However, the analysis also predicts that in the long-term, economic recovery and...
Sempra LNG Reports Year-on-Year Improvement for Q4 2008
Posted on Feb 25, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra LNG Reports Year-on-Year Improvement for Q4 2008
Noting construction delays at the Cameron LNG terminal project in Louisiana, Sempra Energy’s Chairman and CEO Donald Felsinger announced that Sempra LNG reported a net loss of $13 million in Q4 2008, which is an improvement from a $19 million loss in Q4 2007. Felsinger said that the company anticipates commencing terminal operations in Q3 2009 and is well-positioned “to...
Analyst: Despite Weak Prices, 2009 U.S. LNG Imports Likely to Increase
Posted on Feb 24, 2009 in Markets and Competition | Comments Off on Analyst: Despite Weak Prices, 2009 U.S. LNG Imports Likely to Increase
Ron Denhardt, vice president of natural gas services for Strategic Energy and Economic Research, predicts that despite relatively low prices for domestic natural gas, U.S. LNG imports are likely to rise above 2008 levels due to weak global demand and expanding worldwide liquefaction capacity. Read more in Platts LNG Daily. [Subscription...
Cheniere CEO Expects 20-60 LNG Cargos Delivered to Sabine Pass LNG Terminal in 2009
Posted on Feb 19, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere CEO Expects 20-60 LNG Cargos Delivered to Sabine Pass LNG Terminal in 2009
Charif Souki, CEO of Cheniere Energy, told Reuters on Wednesday that he expects 20 to 60 LNG cargos will be delivered to the company’s Sabine Pass LNG terminal in 2009. Souki also noted that the expansion of the Sabine Pass LNG facility is 88 percent complete and will begin operations in September...