Sempra CFO: LNG Imports to United States Likely to Increase as Global Demand Slows
Posted on Nov 11, 2008 in Markets and Competition | Comments Off on Sempra CFO: LNG Imports to United States Likely to Increase as Global Demand Slows
Mark Snell, Sempra Energy’s chief financial officer, told Reuters yesterday that he expects LNG imports to the United States to increase as demand for LNG slows in Asia. Snell notes that “[t]he United States, at the end of the day, has sort of become the buyer of last resort… it looks like (the United States) is going to get a lot more gas than we originally had anticipated...
Market May Create Obstacles for Jordan Cove LNG Project
Posted on Nov 5, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Market May Create Obstacles for Jordan Cove LNG Project
The Register Guard (Eugene, Ore.) reports on potential obstacles for the proposed Jordan Cove LNG import facility, including recent increases in global LNG demand and domestic natural gas supplies from shale. Bob Braddock, the manager of the project, noted that although current market conditions may not be ideal for building an LNG import terminal, the long-term outlook still favors...
Industry Analyst Predicts U.S. LNG Imports to Increase in 2009
Posted on Nov 4, 2008 in Markets and Competition | Comments Off on Industry Analyst Predicts U.S. LNG Imports to Increase in 2009
A commodities analyst with Merrill Lynch predicts that as much as 300 Mcf/d in additional LNG imports will come to the United States in 2009 as demand falls in overseas markets, according to Platts LNG Daily [subscription...
LNG Terminals Expected to Begin Operations in 2009 Could Add to Capacity Surplus
Posted on Nov 4, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on LNG Terminals Expected to Begin Operations in 2009 Could Add to Capacity Surplus
Natural Gas Week [subscription required] offers an analysis of whether four new regasification terminals scheduled to come online in North America during 2009 will attract overseas supplies or will sit idle like many existing LNG...
Strong Trade Ties Between United States, Trinidad & Tobago Expected to Continue Under New U.S. President
Posted on Nov 4, 2008 in Markets and Competition, Policy, Legislation and Politics | Comments Off on Strong Trade Ties Between United States, Trinidad & Tobago Expected to Continue Under New U.S. President
The Trinidad & Tobago Express reports that U.S. Embassy officials expect the strong bilateral trade relationship between the United States and Trinidad & Tobago, built in part on LNG trade, to continue under either a President Barack Obama or John McCain. “While it is premature to speculate on an election that has yet to take place, or policies of an administration that...
Jamaica Turning Away from LNG Option
Posted on Oct 29, 2008 in Markets and Competition | Comments Off on Jamaica Turning Away from LNG Option
Clive Mullings, Jamaica’s Energy Minister, told the Jamaica Gleaner that his country’s inability to secure long-term LNG supply has convinced the government that coal, not LNG, ought to serve as the country’s key fuel source in the...