LNG Cargo Diverted from Lake Charles LNG Terminal to European Destination
Posted on Nov 20, 2008 in Markets and Competition, Vessel Transportation | Comments Off on LNG Cargo Diverted from Lake Charles LNG Terminal to European Destination
Reuters (carried via LexisNexis [subscription required]) reports that of the two cargos reportedly destined for the Lake Charles LNG terminal, only one cargo was delivered. The second LNG ship, the Golar Freeze, is now in the Atlantic Ocean heading for southern...
Study: Pacific Basin LNG Market Can Support West Coast Import Terminal
Posted on Nov 19, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Study: Pacific Basin LNG Market Can Support West Coast Import Terminal
A study produced by ICF International for Jordan Cove LNG concludes that based on expected increases in LNG liquefaction capacity and competing import demand projections for the Pacific Basin, the market can support an LNG terminal on the West Coast of the United States. The report is available in the FERC eLibrary under Docket No....
Utilities Minister: LNG Not a Priority for The Bahamas
Posted on Nov 17, 2008 in Markets and Competition | Comments Off on Utilities Minister: LNG Not a Priority for The Bahamas
Phenton Neymour, The Bahamas’ Minister of State for Public Utilities, told the Bahama Journal that due to the volatility in the global petroleum industry, LNG “is not a priority at this time.” Neymour noted that the government has not abandoned the idea of using LNG as a source of energy for the future, but it currently is focusing on renewable energy...
T&T Contracts for LNG Destined for Everett Terminal May Expire Next Spring
Posted on Nov 14, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on T&T Contracts for LNG Destined for Everett Terminal May Expire Next Spring
Two gas supply contracts between suppliers Gas Natural and Gas de Euskadi and Everett LNG terminal owner GDF Suez are set to expire next spring, which would end one of the two long-term LNG flows into the United States. World Gas Intelligence [subscription required] reports that a source close to Gas Natural said that due to the relatively low price of natural gas in the United States,...
EIA Predicts Increase in U.S. LNG Imports for 2009
Posted on Nov 13, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on EIA Predicts Increase in U.S. LNG Imports for 2009
In its new Short-Term Energy Outlook, the EIA predicts that the United States will import approximately 410 Bcf of LNG in 2009. The report notes that limited natural gas storage capacity in other LNG-consuming nations could make the United States a more attractive destination for spot cargos during storage injection season. The EIA’s prediction for total LNG imports to the United...
NATS Revises Estimate of U.S. LNG Imports for 2008
Posted on Nov 12, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS Revises Estimate of U.S. LNG Imports for 2008
Citing the scheduled shut down of the Elba Island LNG terminal, NATS [subscription required] has lowered its U.S. LNG imports estimate for 2008 from 350 Bcf to approximately 330 Bcf.