Chesapeake CEO Notes Challenges Facing New U.S. LNG Export Projects
Posted on Feb 12, 2009 in Liquefaction, Markets and Competition | Comments Off on Chesapeake CEO Notes Challenges Facing New U.S. LNG Export Projects
Chesapeake Energy Corp. Chairman and CEO Aubrey McClendon said yesterday that his company remains interested in exporting U.S. natural gas as LNG, but noted that “with the current gas price environment and the credit situation, it is going to be pretty tough.” Dow Jones (via Energy Central [subscription required]) provides additional...
Analysis Examines Challenges Facing U.S. LNG Importers
Posted on Feb 9, 2009 in Markets and Competition | Comments Off on Analysis Examines Challenges Facing U.S. LNG Importers
The Wall Street Journal offers an analysis that examines various challenges facing U.S. LNG importers. The piece notes that over the last five years a number of companies, including Cheniere Energy Inc., expanded existing or constructed new LNG terminals in the United States hoping to attract a great deal of LNG on the global market. Despite current U.S. market conditions, including...
NATS: US LNG Imports Total 351.7 Bcf in 2008
Posted on Feb 4, 2009 in Markets and Competition | Comments Off on NATS: US LNG Imports Total 351.7 Bcf in 2008
NATS said today that US LNG imports for 2008 totaled 351.7 Bcf, which accounts for approximately 3.8% of global LNG production and makes the U.S. market the sixth largest importer of LNG in the world. Zach Allen, president of NATS, notes that despite the global economic climate, it is their expectation that “LNG producers will continue to produce, even in the face of very...
Analysts Predict Increase in U.S. LNG Imports Could Delay Domestic Gas Projects
Posted on Feb 2, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Analysts Predict Increase in U.S. LNG Imports Could Delay Domestic Gas Projects
Citing increased liquefaction capabilities and decreased global demand, several energy analysts predict that there will be a substantial increase in U.S. LNG imports in the coming years, which could lead to a delay in the development of domestic natural gas projects. The Houston Chronicle carries additional...
Japanese Utilities Extend LNG Purchase Agreement with Kenai Liquefaction Facility
Posted on Jan 29, 2009 in Liquefaction, Markets and Competition | Comments Off on Japanese Utilities Extend LNG Purchase Agreement with Kenai Liquefaction Facility
Bloomberg reports that Tokyo Electric Power Co. and Tokyo Gas Corp. have announced that they have agreed to extend their agreement to purchase natural gas from the Kenai LNG liquefaction facility in Alaska through March...
NW Natural Gas CEO Reiterates Support for LNG Projects in Oregon
Posted on Jan 28, 2009 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on NW Natural Gas CEO Reiterates Support for LNG Projects in Oregon
Noting that increased access to the global LNG market for Oregon could help moderate natural gas prices in the state, Northwest Natural Gas Co. President and CEO Gregg Kantor reiterated his support for the proposed LNG terminal projects in Oregon and for the Palomar natural gas pipeline project. KCBY News provides further...