NATS: 2007 Record Year for LNG Imports to United States
Posted on Jan 3, 2008 in Markets and Competition | Comments Off on NATS: 2007 Record Year for LNG Imports to United States
NATS reports that 2007 saw record LNG imports to the United States, with 738 Bcf of natural gas sent out. The 2007 total surpassed the previous record set in 2004 of 652 Bcf and exceeded the 2006 level by approximately 160 Bcf. NATS also noted in its release that BG held the largest share of imported gas in the U.S. market and predicted that 2008 would demonstrate a similar pattern of...
Texas Gas Storage Facility Approved by FERC
Posted on Jan 3, 2008 in Markets and Competition, Storage | Comments Off on Texas Gas Storage Facility Approved by FERC
FERC has approved a 12 Bcf gas storage facility called Golden Triangle, which Platts LNG Daily suggests could have implications for LNG. As designed, the project will have 12 Bcf storage capacity in two salt caverns but could be expanded to hold up to 16 Bcf of natural gas in each cavern. According to Platts LNG Daily [subscription required], commercial operations should begin in 2010...
Analysts Predict Large Storage Capacity Increase for U.S. Gulf Coast
Posted on Jan 2, 2008 in E&P, Markets and Competition, Storage | Comments Off on Analysts Predict Large Storage Capacity Increase for U.S. Gulf Coast
Several industry analysts told Platts LNG Daily last week that as much as 100 Bcf of storage capacity will be built in the U.S. Gulf Coast region over the next three years. However, one analyst added that such a large amount of storage capacity might not be needed for the region as gas production from the Gulf of Mexico is expected to decline by 2012. [Subscription...
Industry Representatives Analyze Benefits of New LNG Projects
Posted on Dec 21, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Industry Representatives Analyze Benefits of New LNG Projects
Platts LNG Daily offers an in-depth analysis of the impact of the major new LNG import terminals and gas pipelines in North America in 2007-08. According to one consultant, “The increased use of LNG could…have a dampening effect on high winter [gas] prices in the Northeast.” [Subscription...
Sakhalin LNG Announces Delay in First Gas Exports
Posted on Dec 18, 2007 in Liquefaction, Markets and Competition | Comments Off on Sakhalin LNG Announces Delay in First Gas Exports
Reuters (carried by the Wall Street Journal [subscription only]) reports that Sakhalin Energy Investment Co. has announced a delay for its initial exports of liquefied natural gas to its customers in Asia and the United States. The delay is expected to last several months, pushing back a scheduled start-date of the third quarter of...
California Energy Commission Report Predicts Lower Gas Prices in Short Term
Posted on Dec 14, 2007 in Markets and Competition, State and Local Issues | Comments Off on California Energy Commission Report Predicts Lower Gas Prices in Short Term
Platts LNG Daily [subscription required] reports that the California Energy Commission’s 2007 Integrated Energy Policy Report predicts that natural gas prices for California consumers will fall in the short term, but rise to $7/Mcf by 2017. The report also predicts that the Energia Costa Azul terminal, expected to send regasified LNG into San Diego, will operate at 70% of its...