Analysis: Future of North American LNG Market Uncertain
Posted on Oct 16, 2008 in Markets and Competition | Comments Off on Analysis: Future of North American LNG Market Uncertain
Noting that some industry experts remain optimistic that LNG will be necessary to meet future North American natural gas demand, World Gas Intelligence offers an analysis of recent events in the North American LNG market and concludes that the future of the continent’s natural gas market is uncertain. [Subscription...
Market Dynamics Affecting Sempra’s Costa Azul LNG Terminal Examined
Posted on Oct 15, 2008 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Market Dynamics Affecting Sempra’s Costa Azul LNG Terminal Examined
The third part of the KPBS series on Sempra Energy’s Energia Costa Azul LNG terminal examines market dynamics affecting the terminal. It compares expanding U.S. natural gas production from shale gas plays with the Pacific Basin LNG...
Developer of MapleLNG Project Optimistic About Ontario’s Energy Market
Posted on Oct 14, 2008 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Developer of MapleLNG Project Optimistic About Ontario’s Energy Market
4Gas, the firm developing the MapleLNG regasification project, told the Chronicle Herald (Halifax, Canada) that it is focusing on Central Canada as the target market for its imported natural gas. Speaking at an event last week, MapleLNG General Manager Derek Owen said that his company plans to use some of the existing natural gas pipeline infrastructure, but noted that “there...
Gazprom May Receive Significant Stake in Rabaska LNG Project
Posted on Oct 13, 2008 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom May Receive Significant Stake in Rabaska LNG Project
Reuters (carried via Forbes.com) reports that Russian firm Gazprom may receive a 27 percent stake in the Rabaska LNG regasification project planned for Quebec, Canada. Gazprom’s stake could be derived from the existing shares of Enbridge Inc., Gaz Metro, and GDF Suez, which would all reduce their ownership stakes in the...
Developers Backing Two Oregon LNG Projects Say They Are Not Interested in Exporting LNG
Posted on Oct 10, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Developers Backing Two Oregon LNG Projects Say They Are Not Interested in Exporting LNG
Developers backing the Oregon LNG and Bradwood Landing LNG projects both told the Hillsboro Argus (Ore.) that their respective projects are unlikely to ever export LNG, noting that the short-term price spread between North American and Asian natural gas prices does not necessarily predict long-term market...
BP Suspends Crown Landing LNG Project
Posted on Oct 9, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on BP Suspends Crown Landing LNG Project
Citing global market conditions, BP announced yesterday that it is suspending plans to construct and operate the Crown Landing LNG import terminal proposed for the New Jersey side of the Delaware River. A BP spokesperson said the price of LNG in Asian markets was the “overriding factor” in the decision, but the company would retain ownership of the property slated to be...