U.S. LNG Market May Affect Decision to Pursue Crown Landing LNG Project
Posted on Apr 7, 2008 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on U.S. LNG Market May Affect Decision to Pursue Crown Landing LNG Project
The News Journal (Del.) reports that conditions in the U.S. gas market may compel BP to consider alternatives to its proposed Crown Landing LNG import project. Although noting that there have been changes in the gas market over the past several years since the project was announced, a BP spokesperson further commented, “[b]ut the fact is, the Northeast is a key consumer of...
FERC: Market Should Decide Whether LNG Projects in Oregon Move Forward
Posted on Apr 4, 2008 in Federal Regulation, Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on FERC: Market Should Decide Whether LNG Projects in Oregon Move Forward
Members of Oregon’s Democratic Congressional Delegation reportedly are disappointed with the response they received from FERC to a letter from the delegation asking FERC to investigate whether the state needs natural gas from the proposed LNG terminals in the state. The Associated Press (via The Oregonian) reports that FERC’s response indicates that FERC intends to allow...
Citing Energy Projects, RBC Forecasts Continued Growth for New Brunswick
Posted on Apr 3, 2008 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Citing Energy Projects, RBC Forecasts Continued Growth for New Brunswick
Due to an expanding provincial energy sector, the RBC Economics Provincial Outlook, released today, predicts continued economic growth for New Brunswick. According to the RBC, the Canaport LNG terminal is expected to begin receiving LNG cargos soon. This news release provides a summary of the report’s findings regarding New...
NATS: U.S. LNG Imports for March 2008 Less Than One-Third of Last Year’s Total
Posted on Apr 1, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: U.S. LNG Imports for March 2008 Less Than One-Third of Last Year’s Total
Citing preliminary regasification and sendout totals, NATS reports that U.S. LNG imports for March 2008 totaled 24.2 Bcf. This figure is slightly lower than February’s import total and less than one-third of March 2007’s imports. NATS predicts a similarly low import total for April 2008. [Subscription...
Consulting Firm Predicts “Unimpressive” April for U.S. LNG Market
Posted on Mar 31, 2008 in Markets and Competition | Comments Off on Consulting Firm Predicts “Unimpressive” April for U.S. LNG Market
Waterborne Energy, a Houston-based consulting firm, released a report last week predicting that, due to strong demand in Japan and Spain, LNG imports to the United States would be 36 Bcf for the month of April. The firm also estimated that U.S. LNG imports would total approximately 512 Bcf for 2008, a 33% year-on-year decline from 2007, but indicated that the estimation was “very...
Analysis: Natural Gas to Play Major Role in Maine’s Electricity Future
Posted on Mar 28, 2008 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Analysis: Natural Gas to Play Major Role in Maine’s Electricity Future
An analysis of electricity supply in Maine offered by the Bangor Daily News suggests that natural gas, including LNG imports, will play a large role in Maine’s electricity future, particularly as production slows from nearby gas supplies. Three terminals, including Quoddy Bay LNG, Downeast LNG, and Calais LNG, have been proposed for Washington County,...