NATS: LNG Expected to be Available for U.S. Summer Demand
Posted on Mar 26, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: LNG Expected to be Available for U.S. Summer Demand
In its LNG Week in Review, NATS predicts that as winter weather abates in the Northern Hemisphere, LNG demand in Japan, South Korea, and Spain will decline, which will allow some LNG cargos to reach the United States. NATS notes, however, that summer natural gas prices will depend on weather conditions and that should North America see a temperate summer, natural gas prices could...
Onshore Gas Discovery Could Lessen U.S. Demand for LNG
Posted on Mar 26, 2008 in Markets and Competition | Comments Off on Onshore Gas Discovery Could Lessen U.S. Demand for LNG
Aubrey McClendon, CEO of Chesapeake Energy, told Platts LNG Daily that he believes that Chesapeake’s large natural gas discovery in northern Louisiana could lessen demand for LNG imports to the United States. However, McClendon notes that an oversupply of the U.S. gas market is unlikely due in part to the anticipated strong demand for natural gas from electricity generators....
Report: New LNG Terminals and Other Infrastructure Projects will Change Gas Flows and Prices
Posted on Mar 26, 2008 in Markets and Competition, Pipelines, Regas Terminals & Capacity, State and Local Issues | Comments Off on Report: New LNG Terminals and Other Infrastructure Projects will Change Gas Flows and Prices
Consulting firm Bentek Energy released a report yesterday predicting increased volatility in the U.S. natural gas market over the next two years as infrastructure projects, including LNG import facilities, come online. The report predicts that excess pipeline and storage capacity will divert gas from existing pipelines, changing downstream prices, and that LNG imports in the Gulf...
Editorial: Written Guarantees that Broadwater Terminal Will Lower Energy Prices are Needed
Posted on Mar 24, 2008 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Editorial: Written Guarantees that Broadwater Terminal Will Lower Energy Prices are Needed
A Newsday editorial argues that if the New York State Dept. of State decides to approve the Broadwater Energy LNG receiving terminal proposed for Long Island Sound, Gov. David Paterson (D-N.Y.) should seek a written guarantee from project backer Shell Oil that the terminal will receive steady LNG supplies at a discounted rate. Citing a study by an energy firm predicting that LNG...
Letter to the Editor: LNG Will Ease Transition to Renewable Energy
Posted on Mar 20, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Letter to the Editor: LNG Will Ease Transition to Renewable Energy
Bill Cooper, president of the Center for Liquefied Natural Gas, argues in a letter to the editor of the Ventura County Star that while renewable energy technologies may eventually generate a large percentage of energy in the United States, the shift to renewable energy sources should be...
Alaska Senator Encourages State Legislators to Pursue Natural Gas Pipeline
Posted on Mar 19, 2008 in E&P, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Alaska Senator Encourages State Legislators to Pursue Natural Gas Pipeline
U.S. Senator Lisa Murkowski (R-Alaska) told the Alaska State Legislature that Alaska faces significant competition in the North American natural gas market, including competition from new LNG import projects in Atlantic Canada, along the U.S. Gulf Coast, and in Baja California. Senator Murkowski urged interested parties to come together and move forward with the construction of a...