FERC Chairman Unsure of Effect of Global LNG Market on U.S. Prices
Posted on May 20, 2008 in Markets and Competition | Comments Off on FERC Chairman Unsure of Effect of Global LNG Market on U.S. Prices
Federal Energy Regulatory Commission chairman Joseph Kelliher told an energy conference in Washington, D.C., that although he expects LNG prices around the world to converge, he is “not sure what impact that will have on the U.S. market.” According to Platts LNG Daily, Chairman Kelliher called the link between oil prices and the global LNG market “a little...
LNG Importers Competing with Canadian Gas Producers for Share of North American Market
Posted on May 16, 2008 in Canada & Mexico, Markets and Competition | Comments Off on LNG Importers Competing with Canadian Gas Producers for Share of North American Market
According to The Edmonton Journal, a report released by the Canadian National Energy Board concludes that “[n]atural gas from the global LNG market will become an increasingly important component of North American supply.” Analysts say that Canadian gas producers are competing with LNG importers now and LNG has the potential to impede a recovery in Canadian gas...
Freeport LNG Capacity Holders Discuss LNG Market
Posted on May 15, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Freeport LNG Capacity Holders Discuss LNG Market
Calling the short-term outlook for the use of the Freeport LNG terminal “uncertain,” a ConocoPhillips employee told The Facts (Brazoria County, Texas) that despite few cargos arriving in the United States, his company is still “high on Freeport.” A representative for Dow Chemical also told The Facts that their capacity at the Freeport LNG terminal is “one...
NATS: Adequacy of Global LNG Supplies in Doubt This Summer
Posted on May 13, 2008 in Markets and Competition | Comments Off on NATS: Adequacy of Global LNG Supplies in Doubt This Summer
Citing potentially challenging upstream conditions in the global LNG value chain, NATS questions the adequacy of global LNG supplies should the U.S. gas market decide LNG imports are necessary to cover market requirements. [Subscription...
Analyst Predicts 35% Decrease for 2008 LNG Imports to United States
Posted on May 12, 2008 in Markets and Competition | Comments Off on Analyst Predicts 35% Decrease for 2008 LNG Imports to United States
An industry analyst with Tudor Pickering Holt offered a client report last week that lowered her previous 2008 U.S. LNG import prediction from 3 Bcf/d to 1.3 Bcf/d. The analyst cited global market conditions and relatively low U.S. gas prices as the main reasons for her revised outlook. Platts LNG Daily provides additional details. [Subscription...
Industry Analysts: U.S. Market May Have to Pay Oil-Based Prices to Attract LNG
Posted on May 9, 2008 in Markets and Competition | Comments Off on Industry Analysts: U.S. Market May Have to Pay Oil-Based Prices to Attract LNG
Platts LNG Daily reports that several energy industry experts told the Offshore Technology Conference in Houston this week that the U.S. market may have to pay prices indexed to crude oil in order to attract LNG cargos to North America. One analyst noted that U.S. LNG importers may have to begin signing long-term supply agreements that are not linked to Henry Hub prices. [Subscription...