Report: United States to Compete in Global LNG Market in Long-Term
Posted on Oct 29, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Report: United States to Compete in Global LNG Market in Long-Term
The American Gas Foundation released a report yesterday concluding that despite weak demand for LNG in the short-term, increases in both worldwide exporting capacity and U.S. demand for natural gas will allow the United States to compete in the global LNG market in the...
Op-Ed: LNG Supplies Slated for Costa Azul Terminal are Unreliable
Posted on Oct 27, 2008 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: LNG Supplies Slated for Costa Azul Terminal are Unreliable
In response to a poll of Californians which found that 63% of state residents believe LNG should be a part of the state’s energy supply, an op-ed carried by the Long Beach Press Telegram (Calif.) argues that global market conditions may change the minds of some poll respondents. Specifically, the piece notes that the option to divert LNG cargos from Sempra Energy’s Energia...
Industry Analyst: U.S. Domestic Gas Production Likely to Soften Short-Term Demand for LNG Imports
Posted on Oct 24, 2008 in Canada & Mexico, Markets and Competition | Comments Off on Industry Analyst: U.S. Domestic Gas Production Likely to Soften Short-Term Demand for LNG Imports
Porter Bennett, president and CEO of Bentek Energy, told an industry conference in Toronto that he believes that increased U.S. domestic natural gas production, particularly from shale gas plays, will continue to soften demand for both LNG imports and imports of Canadian natural gas. Platts LNG Daily provides additional coverage. [Subscription...
Gazprom Considering Additional Options for Expansion into North American LNG Market
Posted on Oct 23, 2008 in Canada & Mexico, Markets and Competition | Comments Off on Gazprom Considering Additional Options for Expansion into North American LNG Market
A Gazprom official said earlier this week that his company is considering a number of options for expansion into the North American LNG market in addition to the Rabaska LNG regasification terminal in Canada. Platts LNG Daily [subscription required] also notes that Gazprom has cast doubts on recent reports that the company will take an equity position in the Rabaska...
Analysis: Structure of Global LNG Market Will Limit Effects of Natural Gas Cartel
Posted on Oct 22, 2008 in Markets and Competition | Comments Off on Analysis: Structure of Global LNG Market Will Limit Effects of Natural Gas Cartel
Following meetings held by Qatar, Russia, and Iran to discuss the formation of a natural gas cartel, an analysis of the LNG market carried by the Calgary Herald concludes that market fundamentals in the LNG industry likely will ameliorate the negative effects of a global gas...
McCain Campaign Advisor Concerned that Global LNG Cartel Could Develop
Posted on Oct 17, 2008 in Markets and Competition, Policy, Legislation and Politics | Comments Off on McCain Campaign Advisor Concerned that Global LNG Cartel Could Develop
John McCarrick, an energy advisor to Sen. John McCain’s (R-Ariz.) presidential campaign, told the Natural Gas Roundtable that he was concerned that an “OPEC-like cartel” could develop in the global LNG industry. According to Platts LNG Daily, McCarrick went on to note that the campaign has its “eyes on the political hot spots to make sure natural gas is part of...