Sempra Agrees to Divert a Portion of Its Costa Azul LNG Supply to South Korea
Posted on Jul 23, 2008 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra Agrees to Divert a Portion of Its Costa Azul LNG Supply to South Korea
Sempra Energy has agreed to divert a portion of its Indonesian LNG supplies to South Korea, according to Reuters. Sempra originally contracted for supply from Indonesia’s Tangguh liquefaction plant to service its Energia Costa Azul regasification terminal in northwestern Mexico, but now will divert some supply to the Asian gas market where prices are higher under a provision that...
Consultant: U.S. LNG Imports May Rise by 36% in 2009
Posted on Jul 21, 2008 in Markets and Competition | Comments Off on Consultant: U.S. LNG Imports May Rise by 36% in 2009
Consulting firm Waterborne Energy predicts that LNG imports to the United States may increase by as much as 36% in 2009. Bloomberg News (carried via the Houston Chronicle) offers additional...
Op-Ed: U.S. Carbon Emissions Policies May Drive Up the Price of Natural Gas
Posted on Jul 11, 2008 in Markets and Competition, Policy, Legislation and Politics | Comments Off on Op-Ed: U.S. Carbon Emissions Policies May Drive Up the Price of Natural Gas
Keith Trent, chief strategy, policy and regulatory officer for Duke Energy, cautions in today’s Charlotte Observer that congressional action to regulate CO2 emissions may indirectly increase the United States’ reliance on liquefied natural gas, further tightening the global gas market. Instead, Trent urges that Congress encourage carbon capture and sequestration efforts in...
Analysts: Tight Global Liquefaction Market Could Result in Price Spikes for U.S. Natural Gas
Posted on Jul 10, 2008 in Markets and Competition | Comments Off on Analysts: Tight Global Liquefaction Market Could Result in Price Spikes for U.S. Natural Gas
Analysts with Barclays Capital said in a report released earlier this week that if the United States becomes dependent on LNG to meet natural gas demand increases, tightness in the global liquefaction market and strong demand in Japan, South Korea, and Spain could trigger “substantial price spikes” for natural gas in the U.S. market. Platts LNG Daily offers additional...
NATS: Natural Gas Industry Reacting to Lower U.S. LNG Imports in 2008
Posted on Jul 10, 2008 in Markets and Competition | Comments Off on NATS: Natural Gas Industry Reacting to Lower U.S. LNG Imports in 2008
In a market commentary released yesterday, NATS offers its view on reaction within the natural gas industry to the U.S. market’s lower LNG imports in 2008 compared with 2007 levels. [Subscription...
EIA Lowers LNG Import Forecast for 2008 Again
Posted on Jul 9, 2008 in Markets and Competition | Comments Off on EIA Lowers LNG Import Forecast for 2008 Again
In its most recent Short-Term Energy Outlook, the U.S. Energy Information Administration again lowered its forecast of LNG imports to the United States from 530 Bcf to 480 Bcf for 2008, citing “delays in new liquefaction projects and persistent world...