Analyst: “Very Large Overbuild” in U.S. LNG Regas Capacity
Posted on Mar 19, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Analyst: “Very Large Overbuild” in U.S. LNG Regas Capacity
PFC Energy yesterday released a report indicating that regasification capacity in the United States will significantly exceed projected LNG supplies by 2012. Terrell Benke, one of the report’s authors, told the Calgary Herald that there is a “very large overbuild” in LNG regasification capacity, noting that several LNG terminals have been constructed without firm...
Interview with Broadwater Energy Project Director
Posted on Mar 18, 2008 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Interview with Broadwater Energy Project Director
Business New Haven offers an interview with Broadwater Energy’s regional project director, John Hritcko, in which Hritcko defends the proposed Broadwater LNG terminal project by focusing on the “bigger national picture.” Another report from Business New Haven describes the public relations campaign that Broadwater Energy project developer Shell Oil has begun as the...
NATS: U.S. Natural Gas Prices Will Likely Change
Posted on Mar 18, 2008 in Markets and Competition | Comments Off on NATS: U.S. Natural Gas Prices Will Likely Change
Citing various factors, including global market conditions, particularly those in the Pacific Basin, weather, U.S. natural gas production, and increased investment in commodities over stocks, NATS’ LNG Week in Review predicts that U.S. natural gas prices cannot stay where they are today. NATS also predicts that U.S. LNG imports for 2008 will not reach the record-setting...
U.S. Electricity Prices Could See Greater Link to Crude Oil Price Levels as LNG Imports Rise
Posted on Mar 18, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on U.S. Electricity Prices Could See Greater Link to Crude Oil Price Levels as LNG Imports Rise
In a piece examining the status of the regulatory review process for the Broadwater LNG terminal proposal, U.S. News and World Report states that Steven Specker, president and chief executive of the Electric Power Research Institute, predicted that the price of electricity and crude oil could become increasingly linked as LNG accounts for a greater percentage of U.S. natural gas...
Consultant: As LNG Imports Increase, Expect Gas Prices to Decline
Posted on Mar 12, 2008 in Canada & Mexico, Markets and Competition | Comments Off on Consultant: As LNG Imports Increase, Expect Gas Prices to Decline
While natural gas prices in North America rose by 7% last week due to winter storms and rising crude oil prices, Bill Gwozd of Ziff Energy Group told the Calgary Herald that he expects gas prices to decline over the long term. Gwozd cited a weak economy and increasing LNG imports to the U.S. as reasons for potentially falling natural gas prices, saying there will be “more supply...
NATS: As Gas Prices Rise, U.S. Market Becomes More Attractive to LNG Exporters
Posted on Mar 12, 2008 in Markets and Competition | Comments Off on NATS: As Gas Prices Rise, U.S. Market Becomes More Attractive to LNG Exporters
NATS reports that as U.S. natural gas prices increase, the American gas market becomes more attractive to LNG exporters. NATS notes that NYMEX futures rose to over $10/mmBTU yesterday, inching closer to the level the consulting firm believes necessary to attract more LNG shipments to the United States. Should U.S. gas prices remain strong, NATS predicts that more cargos will start...