Op-Ed : Repsol’s Purchase of Nova Scotia Gas May Allow Greater Flexibility for Canaport LNG Terminal
Posted on Feb 19, 2009 in E&P, Markets and Competition, Regas Terminals & Capacity | Comments Off on Op-Ed : Repsol’s Purchase of Nova Scotia Gas May Allow Greater Flexibility for Canaport LNG Terminal
An op-ed carried by the Chronicle Herald (Nova Scotia, Canada) argues that Repsol’s recent purchase of natural gas produced from an offshore Nova Scotia field could allow greater flexibility for the company’s Canaport LNG terminal. The piece says that these nearby gas supplies would ensure that Repsol’s obligations to supply gas would be honored in the event that LNG...
Alaskan Gas Utility Suggests LNG Imports May Be Needed to Meet Customer Demand
Posted on Feb 18, 2009 in Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on Alaskan Gas Utility Suggests LNG Imports May Be Needed to Meet Customer Demand
Platts LNG Daily reports that Colleen Starring, senior manager of Enstar Natural Gas, told the Resources Committee for Alaska’s State Senate that as the Cook Inlet natural gas fields mature, LNG imports may be required as early as 2011 to keep pace with regional demand. Starring also noted that Enstar is considering an arrangement with the Kenai LNG liquefaction facility...
Industry Analyst Predicts Global Recession Could Direct More LNG to North America
Posted on Feb 18, 2009 in Markets and Competition | Comments Off on Industry Analyst Predicts Global Recession Could Direct More LNG to North America
Keith Barnett, director of strategic analysis for Merrill Lynch Commodities, said during a panel discussion on Monday that he thinks the challenging global economic climate could lead to increased U.S. and Canadian LNG imports due to North America’s capacity for natural gas storage. Read more in Platts LNG Daily. [Subscription...
Acting FERC Chairman Unsure How Much LNG Needed to Supply U.S. Market in Near Term
Posted on Feb 13, 2009 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity | Comments Off on Acting FERC Chairman Unsure How Much LNG Needed to Supply U.S. Market in Near Term
Citing significant domestic gas reserves, acting FERC Chairman Jon Wellinghoff told Platts LNG Daily that he does not know how much LNG will be needed to supply the U.S. natural gas market in the near term. He went on to say that FERC ought to conduct in-depth analyses of regional natural gas market conditions before granting permits to construct future LNG import terminals....
Editorial: Present Conditions in Global LNG Market Necessitate Review of Need for Bradwood Landing LNG Terminal
Posted on Feb 13, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Editorial: Present Conditions in Global LNG Market Necessitate Review of Need for Bradwood Landing LNG Terminal
Citing a recent piece in the Wall Street Journal that describes current challenging conditions in the global LNG market, an editorial in the Daily Astorian argues that a “needs analysis” should be required before the Bradwood Landing LNG regasification terminal is...
Analysts: Global Financial Slowdown Could Signal Rebound for LNG Project Construction
Posted on Feb 12, 2009 in Markets and Competition | Comments Off on Analysts: Global Financial Slowdown Could Signal Rebound for LNG Project Construction
Speaking at CERAWeek, a number of panelists stated that the current global financial slowdown may significantly lower construction costs of LNG projects, making these projects attractive long-term investments. Reuters provides additional...