Analyst: U.S. LNG Market Will Remain Seasonal
Posted on Feb 27, 2008 in Markets and Competition | Comments Off on Analyst: U.S. LNG Market Will Remain Seasonal
Energy investment firm Tudor, Pickering Holt & Co. released a report yesterday predicting that the North American LNG market would remain seasonal for the next several years, noting that “the U.S. wins cargoes only as [sic] the premium price point.” However, the report also states that LNG will become an increasingly important part of the United States’ natural...
Report Issued by Environmental Group Critical of West Coast LNG Projects
Posted on Feb 27, 2008 in Environmental, Markets and Competition, Regas Terminals & Capacity | Comments Off on Report Issued by Environmental Group Critical of West Coast LNG Projects
The Ventura County Star reports that several environmental groups released a report entitled “Collision Course: How Imported Liquefied Natural Gas Will Undermine Clean Energy in California” which argues against LNG projects proposed for the U.S. West Coast. The report cites economic, environmental, and domestic supply issues as reasons for not investing in LNG...
Op-Ed: LNG to Cost California More than Domestic Gas Supplies
Posted on Feb 25, 2008 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: LNG to Cost California More than Domestic Gas Supplies
The Ventura County Star carried an op-ed last Friday arguing that despite the apparent willingness of the state Public Utilities Commission to begin importing LNG to California, two gas pipelines could provide cheaper gas supplies from Wyoming. The piece also contends that LNG will make California dependent on Indonesian and Russian gas...
Experts: Asian Gas Prices Enticing LNG Shipments from U.S. Market
Posted on Feb 22, 2008 in Markets and Competition | Comments Off on Experts: Asian Gas Prices Enticing LNG Shipments from U.S. Market
Speaking to the International Petroleum Week conference, FACTS Global Energy CEO Fereidun Fesharaki said that between 10 and 15 million tons of Qatari LNG could be diverted from U.S. destinations to Asia by 2015. In an interview with Bloomberg News (carried via the Houston Chronicle), Riccardo Crivari, manager of LNG shipping for EA Gibson Shipbrokers Ltd., said that LNG traders...
Hoegh calls U.S. and U.K. Terminals “Complementary”
Posted on Feb 22, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Hoegh calls U.S. and U.K. Terminals “Complementary”
In an interview with Platts LNG Daily [subscription required], Ragnar Wisloff, a Hoegh LNG vice president, described Hoegh’s Port Dolphin LNG proposal off Florida’s west coast as “complementary” to its Port Meridian terminal proposed for the East Irish Sea. Wisloff said that since the two terminals will have different peak demand periods (Port Dolphin’s in...
Supply Talks Underway for Sonora LNG
Posted on Feb 21, 2008 in Canada & Mexico, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Supply Talks Underway for Sonora LNG
Business News Americas (carried via Energy Current) reports that, according to a source close to the project, El Paso Corp. and DKRW Energy are currently communicating with potential suppliers for their Sonora LNG project. The source did not say which companies are involved in the discussions, nor offer an estimate for when the LNG supply would be...