Report: Carbon Dioxide Regulation Could Attract LNG Cargos Bound for European Markets to United States
Posted on Jun 12, 2008 in Markets and Competition | Comments Off on Report: Carbon Dioxide Regulation Could Attract LNG Cargos Bound for European Markets to United States
A report issued by Booz & Co. hypothesizes that CO2 emission policies in the United States could compel the U.S. market to compete more directly with Europe for LNG cargos over the next several years as it seeks to replace carbon-intensive electricity generation with gas-fired generation. According to Oil & Gas Journal, the report goes on to suggest that investments in European...
EIA Lowers Projection for 2008 U.S. LNG Imports
Posted on Jun 11, 2008 in Canada & Mexico, Markets and Competition | Comments Off on EIA Lowers Projection for 2008 U.S. LNG Imports
The Energy Information Administration (EIA) lowered its previously projected total of U.S. LNG imports for 2008 from 580 Bcf to 530 Bcf in its Short-Term Energy Outlook, which would represent a 240 Bcf decline from 2007’s LNG import total. EIA also predicts U.S. LNG import levels will reach 850 Bcf in 2009, citing increased worldwide liquefaction capacity. Separately, the...
NATS Revises Downward Its Expected U.S. LNG Throughput for 2008
Posted on Jun 11, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS Revises Downward Its Expected U.S. LNG Throughput for 2008
This morning NATS released a downward revision of its LNG throughput estimate for the United States in 2008. NATS predicts that between 340 and 382 Bcf of regasified natural gas will be injected into the national gas grid in 2008, compared with an earlier estimate of 425 Bcf. NATS publisher Zach Allen notes that although access to LNG import capacity will nearly triple in 2008, U.S....
TransCanada Reacts to Gazprom’s Interest in Alaska Natural Gas Pipeline
Posted on Jun 11, 2008 in Markets and Competition, Pipelines | Comments Off on TransCanada Reacts to Gazprom’s Interest in Alaska Natural Gas Pipeline
Tony Palmer, TransCanada’s vice president in charge of Alaskan development, told the Calgary Herald that his company has not been approached yet by Gazprom regarding its interest in the TransCanada natural gas pipeline proposed for Alaska. However, the Herald reports that a Gazprom official said he expects talks with TransCanada will commence in the near future. In the comments...
Gazprom Seeking Entry into Alaskan Pipeline Project
Posted on Jun 10, 2008 in Markets and Competition, Pipelines | Comments Off on Gazprom Seeking Entry into Alaskan Pipeline Project
Platts LNG Daily [subscription required] reports that Gazprom is seeking entry into an Alaskan natural gas pipeline project proposed by ConocoPhillips and BP. Separately, the Financial Times suggests that Gazprom’s proposal may be connected to its interest in entering the North American LNG...
Dow Chemical and EDF Trading Enter Reciprocal Deal for Regasification Capacity
Posted on Jun 6, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Dow Chemical and EDF Trading Enter Reciprocal Deal for Regasification Capacity
Dow Chemical announced yesterday that it has entered into a four-year agreement with EDF Trading to share LNG terminal access. The Facts (Brazoria County, Texas) reports that, under the terms of the agreement, Dow will share a portion of its regasification capacity at the Freeport LNG terminal with EDF Trading in exchange for access to EDF’s European regasification...