Industry Executives Say LNG Projects May Benefit Environment and Local Economies
Posted on Dec 14, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Industry Executives Say LNG Projects May Benefit Environment and Local Economies
The Record (N.J.) reports that at the New Jersey Energy Summit yesterday, ExxonMobil’s vice president for research said that his company’s proposed BlueOcean Energy LNG terminal would promote economic growth and reduce air emissions in New Jersey. The president of BP Gas America, the conference’s keynote speaker, said that BP’s planned Crown Landing LNG terminal...
BlueOcean Energy Proposal May Affect Futures of Similar LNG Proposals
Posted on Dec 13, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on BlueOcean Energy Proposal May Affect Futures of Similar LNG Proposals
Newsday reports that several industry analysts believe that the recently-announced BlueOcean Energy LNG proposal may have an adverse impact on the chances of similar proposals, including Broadwater LNG and Safe Harbor Energy, of receiving federal and state approval for their...
EIA Lowers Predicted U.S. LNG Import Volumes for 2030
Posted on Dec 13, 2007 in Markets and Competition | Comments Off on EIA Lowers Predicted U.S. LNG Import Volumes for 2030
In its Annual Energy Outlook 2008 released yesterday, the EIA lowered its predicted U.S. LNG import volume for 2030 to 2.9 Tcf, down from a prediction of 4.5 Tcf in last year’s report. The EIA cited higher costs across the LNG industry, particularly in liquefaction, as well as increasing global competition for LNG...
EIA Estimates 35% Increase in LNG Imports Over 2006
Posted on Dec 12, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on EIA Estimates 35% Increase in LNG Imports Over 2006
In its Short-Term Energy Outlook released yesterday, the EIA estimated that U.S. LNG imports for 2007 will total approximately 790 Bcf, a 35% increase over last year’s total. The Outlook predicts a total import volume of 940 Bcf for 2008 based on expanded global liquefaction capacity, but cautions that project delays or market conditions “could temper the number of...
Consultants: LNG Needed in Northwestern United States
Posted on Dec 10, 2007 in E&P, Markets and Competition | Comments Off on Consultants: LNG Needed in Northwestern United States
ICF Consulting has concluded that Washington and Oregon ought to encourage LNG projects in the Pacific Northwest as a means to diversify supply away from past over reliance on imports from western Canada and the Rocky Mountains. The report also notes that Washington and Oregon should actively encourage the development of Arctic gas supplies as a means to lower the consumer gas price....
Editorial: Southcentral Alaska Faces Natural Gas Supply Shortage
Posted on Dec 10, 2007 in E&P, Liquefaction, Markets and Competition | Comments Off on Editorial: Southcentral Alaska Faces Natural Gas Supply Shortage
The Anchorage Daily News published an editorial today concluding that the Southcentral region faces an uncertain energy future. According to the editorial, keeping the Kenai LNG liquefaction plant open after 2009 is difficult to justify, as the export plant sends out gas from a region that already faces a constricted supply picture. The editorial asks the state to provide leadership to...