LNG Facilities Expected to Begin Commercial Operations Soon
Posted on Apr 15, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on LNG Facilities Expected to Begin Commercial Operations Soon
Following the arrival of the initial cargo at the Sabine Pass LNG terminal, the Associated Press reports that the Freeport LNG terminal and the Northeast Gateway deepwater port both expect to receive their first LNG cargos soon. The story goes on to discuss the financial performance of Cheniere Energy, developer of the Sabine Pass terminal and a stakeholder in the Freeport...
Analysis Examines North American LNG Market Challenges
Posted on Apr 14, 2008 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Analysis Examines North American LNG Market Challenges
An analysis carried by the Toronto Star examines the challenges facing the LNG market in North America. The piece addresses issues such as state and local opposition to regasification terminals and the tightness of global liquefaction...
Analysts: New Regasification Terminals Serving U.S. Northeast Unlikely To Attract Much LNG This Year
Posted on Apr 14, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Analysts: New Regasification Terminals Serving U.S. Northeast Unlikely To Attract Much LNG This Year
Platts LNG Daily [subscription required] reports that several market analysts and traders have expressed skepticism that the new LNG terminals in the region will have an immediate impact on the American Northeast gas market. The article indicates that prompt winter basis values at the Algonquin citygates and tight global liquefaction capacity suggest Canaport LNG in New Brunswick,...
Analysts: TransCanada May Refocus LNG Strategy Following Two Recent Setbacks
Posted on Apr 11, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Analysts: TransCanada May Refocus LNG Strategy Following Two Recent Setbacks
The Canadian Press (carried via Oil Week) reports that some energy analysts are suggesting that TransCanada may refocus its LNG import efforts on the U.S. Gulf Coast region following two setbacks at its planned LNG regasification terminals. TransCanada’s proposed Gros Cacouna LNG terminal in Quebec has stalled due to a lack of firm LNG supply, and its Broadwater LNG terminal...
EIA Expects 12% Year-on-Year Decline for 2008 LNG Imports to United States
Posted on Apr 9, 2008 in Markets and Competition | Comments Off on EIA Expects 12% Year-on-Year Decline for 2008 LNG Imports to United States
In its “Short-Term Energy Outlook” released yesterday, the Energy Information Administration (EIA) forecasts that 680 Bcf of LNG will be imported to the United States in 2008, a 12% decline from last year’s import level. The EIA cites strong demand in Asia and Western Europe as a cause for the current decline and but notes that the United States is likely to receive...
Sempra’s Investments in LNG Poised to Begin Returns
Posted on Apr 7, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra’s Investments in LNG Poised to Begin Returns
The Wall Street Journal today assesses Sempra Energy’s investments in natural gas, focusing on its LNG investments in particular. According to the Journal, Sempra expects to begin importing LNG to its Energia Costa Azul terminal later this month and to its Cameron LNG terminal in 2009. [Subscription...