Analyst Says U.S. LNG Imports Expected to Remain Flat
Posted on Jan 24, 2008 in Markets and Competition | Comments Off on Analyst Says U.S. LNG Imports Expected to Remain Flat
Platts LNG Daily [subscription required] reports that energy industry analyst Ron Denhardt expects U.S. LNG imports to remain flat for much of the year. Denhardt points to the nuclear power generation problems in Japan and Spain’s prolonged drought as reasons why LNG cargoes might be diverted away from North...
FERC Grants Extension for Ingleside LNG Project
Posted on Jan 24, 2008 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity | Comments Off on FERC Grants Extension for Ingleside LNG Project
FERC has approved Occidental Petroleum Corp.’s (“Oxy”) request for a three-year extension to the July 22, 2008 deadline for placing the Ingleside LNG project into service. The new deadline is April 30, 2011. The Jan. 23 order is available in the FERC eLibrary under Docket No....
NATS: U.S. LNG Monthly Import Level on Track to be Lowest in Five Years
Posted on Jan 24, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: U.S. LNG Monthly Import Level on Track to be Lowest in Five Years
Citing high LNG prices in Asia, NATS reports that U.S. LNG imports and regasification in the month of January are on course to be the lowest monthly total in five years. At the current rate, the United States will use approximately 33 Bcf of LNG sourced gas this month, seven Bcf below the previous monthly low set in 2006. The previous monthly high of 58 Bcf was set in 2005....
Competition for LNG Spot Cargoes Intensifies
Posted on Jan 23, 2008 in Markets and Competition | Comments Off on Competition for LNG Spot Cargoes Intensifies
World Gas Intelligence [subscription required] reports on the impact that the globally competitive LNG spot cargo market is having on the price of gas. The article notes that high bids in Asian and European markets are fueling this competitive environment. WGI also adds that beyond baseload supplies being delivered to the Everett terminal in Massachusetts, very little...
Market Analysts Say Recent Decline in U.S. LNG Imports Not Surprising
Posted on Jan 23, 2008 in Markets and Competition | Comments Off on Market Analysts Say Recent Decline in U.S. LNG Imports Not Surprising
Citing a report released by Pace Global Energy Services, Natural Gas Week [subscription required] offers an analysis on the recent decline in U.S. LNG imports. The article partially attributes the decline to increased European demand for LNG during the winter...
Ingleside LNG Seeks Start-Up Extension from FERC
Posted on Jan 18, 2008 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity | Comments Off on Ingleside LNG Seeks Start-Up Extension from FERC
Ingleside LNG backer Occidental Petroleum Corp. (“Oxy”) has filed a Request for Extension of Time with FERC, asking them to extend the project’s start-up deadline from mid – 2008 to April 30, 2011. The filing is available in the FERC eLibrary under Docket No. CP05-13. Additionally, a report by Reuters cites market conditions and difficulties securing adequate...