Freeport LNG to Receive Commissioning Cargo in April
Posted on Mar 10, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Freeport LNG to Receive Commissioning Cargo in April
Freeport LNG Vice President Bill Henry told Platts LNG Daily Friday that the Freeport LNG terminal expects to receive its initial commissioning cargo in mid to late April. Henry also stated that negotiations are ongoing between Freeport LNG and several possible suppliers, and that depending on the size of the initial cargo and how efficiently the Freeport LNG facilities are cooled,...
Analysts Uncertain When U.S. LNG Imports Will Increase
Posted on Mar 6, 2008 in Markets and Competition | Comments Off on Analysts Uncertain When U.S. LNG Imports Will Increase
Platts LNG Daily reports that several energy consulting firms and analysts are uncertain whether LNG imports to the U.S. market will increase in the near future. The analysts anticipate a continued impact from various global market conditions, including a drought in Spain, nuclear power generation problems in Japan, high oil prices, and insufficient global liquefaction capacity to...
ExxonMobil CEO: U.S. Will Struggle to Compete for LNG Supplies
Posted on Mar 6, 2008 in Markets and Competition | Comments Off on ExxonMobil CEO: U.S. Will Struggle to Compete for LNG Supplies
Speaking to analysts in New York City, ExxonMobil CEO Rex Tillerson predicted that the United States will struggle to compete globally for supplies of LNG. Reuters carries the story.
Shell Energy Begins Marketing Gas to Flow From Broadwater Energy Terminal
Posted on Mar 6, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Shell Energy Begins Marketing Gas to Flow From Broadwater Energy Terminal
The Hartford Courant reports that Shell Energy North America (Shell Energy) will start discussions to sell gas imported to the Broadwater Energy regasification terminal. Shell Energy, a partner in the proposed terminal project, said that it will open up talks with gas distribution companies and large commercial gas users in the area. Shell Energy CEO Mark Hanafin said in a statement...
NATS: February U.S. LNG Sendouts at Lowest Level in Four Years
Posted on Mar 3, 2008 in Markets and Competition | Comments Off on NATS: February U.S. LNG Sendouts at Lowest Level in Four Years
NATS reports that sendout of regasified LNG in the United States totaled 24.9 Bcf for the month of February. According to NATS, this total represents the lowest February sendout level for the years 2004-2008. [Subscription...
StatoilHydro, Sonatrach Sign HOA for Supply/Access to Cove Point
Posted on Mar 3, 2008 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on StatoilHydro, Sonatrach Sign HOA for Supply/Access to Cove Point
Norway’s StatoilHydro ASA announced on March 1 that it has signed a binding Heads of Agreement (HOA) to provide Algeria’s Sonatrach with long-term access to the Cove Point LNG terminal expansion. According to the press release, under the terms of the HOA, Sonatrach will receive access to 2 Bcm/y of regasification capacity at Cove Point for 15 years beginning in 2009. In...