Industry Official: North American LNG Imports Likely to Double Over Next Two Years
Posted on Dec 3, 2008 in Markets and Competition | Comments Off on Industry Official: North American LNG Imports Likely to Double Over Next Two Years
Reuters reports that EOG Resources Inc. CEO Mark Papa told an industry audience on Tuesday that he expects North American LNG imports to double over the next two years.
Analysis Examines Socioeconomic Implications of Global LNG Trade
Posted on Dec 1, 2008 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Analysis Examines Socioeconomic Implications of Global LNG Trade
An analysis published by Monthly Review examines the potential socioeconomic and political challenges and opportunities facing both LNG exporting and importing nations as global LNG trade becomes more integrated, using Nigeria’s Bonny Island LNG liquefaction and Mexico’s Altamira LNG import terminals as case...
Wood Mackenzie: U.S. LNG Imports Likely to Increase Despite Relatively Low Natural Gas Price
Posted on Nov 26, 2008 in Markets and Competition | Comments Off on Wood Mackenzie: U.S. LNG Imports Likely to Increase Despite Relatively Low Natural Gas Price
Jen Snyder, head of Wood Mackenzie North American Gas Research, told Platts LNG Daily that she expects LNG imports to the United States to continue to increase over the next several years because cargos under existing supply agreements are expensive to divert and LNG suppliers will send some gas to North America in order to keep LNG prices in Europe and Asia relatively high....
Analyst: U.S. LNG Exports Need $100/Barrel Oil to be Profitable
Posted on Nov 25, 2008 in Liquefaction, Markets and Competition | Comments Off on Analyst: U.S. LNG Exports Need $100/Barrel Oil to be Profitable
Tom Driscoll, an energy analyst with Barclay’s Capital, told Platts LNG Daily that he believes that in order for exports of U.S. LNG transported to and sold in Asia to be profitable, the global oil price would have to be at least $100 per barrel, noting that Japanese LNG prices are linked to the price of oil. [Subscription...
Analysis: Increased LNG Imports Could Cause U.S. Natural Gas Prices to Decline in 2009
Posted on Nov 24, 2008 in Markets and Competition | Comments Off on Analysis: Increased LNG Imports Could Cause U.S. Natural Gas Prices to Decline in 2009
An analysis released by Waterborne Energy hypothesizes that increased LNG imports to the United States, triggered by tight credit markets that are reducing global demand, may increase U.S. gas supplies and create a downward pressure on U.S. natural gas prices in 2009. Brison Bickerton, an analyst with RBS Sempra, told Reuters (available via LexisNexis) that if U.S. LNG imports...
FERC Order Allows Tying of Capacity at Open Access Terminals to Release of Related Pipeline Capacity
Posted on Nov 21, 2008 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity | Comments Off on FERC Order Allows Tying of Capacity at Open Access Terminals to Release of Related Pipeline Capacity
FERC yesterday issued an order on rehearing regarding its final rule governing the release of firm capacity by shippers using interstate natural gas pipelines and open access LNG terminals. The Commission generally reaffirmed its decision to remove the maximum rate cap on short-term capacity releases and exempt certain releases from bidding. The order also clarified that capacity...