Repsol Executive: No Supply Problems for Canaport LNG
Posted on Feb 20, 2008 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Repsol Executive: No Supply Problems for Canaport LNG
According to the Canadian Press (carried via Oilweek), Repsol Energy Canada V.P. Denis Marcoux said that Canaport LNG will receive cargos from Trinidad & Tobago, as well as other sources. “We’re not in the same situation as Gros Cacouna because our project is certified, is under construction,” Marcoux said, referring to the supply issues facing Gros Cacouna LNG...
Qatargas Official: U.S.-Qatar Energy Partnership “Growing”
Posted on Feb 19, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Qatargas Official: U.S.-Qatar Energy Partnership “Growing”
Ahmed Al Khulaifi, chief operating officer for Qatargas, called his company’s participation in the groundbreaking ceremony for the Phase III expansion of El Paso’s Elba Island LNG import terminal “a clear testament to the growing energy partnership between the [United States] and Qatar.” The Peninsula (Qatar) provides additional...
RWE Buys 50% Stake in Excelerate for $500 Million
Posted on Feb 15, 2008 in Financing, Markets and Competition | Comments Off on RWE Buys 50% Stake in Excelerate for $500 Million
German utility RWE announced yesterday that it will pay $500 million for a 50% stake in LNG terminal developer Excelerate Energy. Bloomberg News (carried via the Houston Chronicle) provides further...
Experts at CERA Conference Do Not Expect Global LNG Pricing Over Next Two Years
Posted on Feb 14, 2008 in Markets and Competition | Comments Off on Experts at CERA Conference Do Not Expect Global LNG Pricing Over Next Two Years
Despite predicting that “[t]he global gas business will go through a transformative, radical change in the next 24 months,” Michael Stoppard, senior director of global gas with Cambridge Energy Research Associates (CERA), told the CERAWeek 2008 conference that a single global price for LNG will not be in place over the next two years. Several other speakers, including...
Op-Ed: CPUC’s Consideration of LNG a “Ruse”
Posted on Feb 14, 2008 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: CPUC’s Consideration of LNG a “Ruse”
An op-ed published by the Press Telegram (Long Beach, Calif.) argues that the California Public Utilities Commission (CPUC) is acting inefficiently by continuing to study LNG importation when alternative domestic supplies are...
ConocoPhillips and Suez Announce Terminal Access Swap at North American, European Terminals
Posted on Feb 13, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on ConocoPhillips and Suez Announce Terminal Access Swap at North American, European Terminals
Yesterday ConocoPhillips announced a terminal access swap agreement with Suez LNG Trading SA, under which ConocoPhillips will provide Suez with access to the Freeport LNG terminal in exchange for access to the Zeebrugge terminal in Belgium over a 20-year term. The Tulsa World provides additional...