LNG Industry Presents Risks and Large Potential for Profit
Posted on Dec 10, 2007 in Markets and Competition | Comments Off on LNG Industry Presents Risks and Large Potential for Profit
EnergyBiz Insider examines the LNG industry and concludes that, though LNG projects in the United States face many risks, potential rewards outweigh the risks.
Local Mayor Offers Support to Kenai LNG
Posted on Dec 5, 2007 in Liquefaction, Markets and Competition | Comments Off on Local Mayor Offers Support to Kenai LNG
The Anchorage Daily News reports that Mayor John Williams of the Kenai Peninsula Borough (Alaska) said that closing down industrial facilities, such as the Kenai LNG export terminal, is only a temporary solution to the region’s predicted gas supply shortage. Williams told the Resource Development Council’s annual gathering that shutting down industrial facilities to...
NATS: U.S. LNG Terminals Send Out Lowest Regasification Volume in Four Years
Posted on Dec 4, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: U.S. LNG Terminals Send Out Lowest Regasification Volume in Four Years
NATS’ LNG Week in Review reports that American LNG regasification facilities sent out approximately 27.3 Bcf of natural gas during the month of November, registering the lowest monthly total in four years. Despite this relatively low total, NATS also predicts that U.S. LNG imports will total approximately 736 Bcf for 2007, a record-setting annual...
Gazprom has No Plans to Enter U.S. Market Until Final Decision is Reached on Shtockman Investment
Posted on Nov 30, 2007 in Liquefaction, Markets and Competition | Comments Off on Gazprom has No Plans to Enter U.S. Market Until Final Decision is Reached on Shtockman Investment
Alexander Medvedev, deputy CEO of Gazprom, told reporters yesterday that his company will not fully determine whether to enter the U.S. LNG market until after a final investment decision is reached regarding the Shtockman field. Platts LNG Daily [subscription required] also noted that Gazprom is concerned that bids to obtain American assets in the oil and gas industry may prompt a...
November LNG Imports to United States Decline 56% from Previous Monthly Total
Posted on Nov 29, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on November LNG Imports to United States Decline 56% from Previous Monthly Total
Platts LNG Daily reports that its analysis of LNG cargos and activity at American LNG import terminals suggests that approximately 20 Bcf of LNG has been imported to the United States in the month of October. This import volume represents a 56% month-on-month decline. [Subscription...
Op-Ed: Natural Gas Supply For Sempra Has Other Possible Destinations
Posted on Nov 29, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: Natural Gas Supply For Sempra Has Other Possible Destinations
Citing a Sempra Energy spokesperson, an op-ed carried by the Long Beach Press Telegram warns that a portion of Sempra’s supplies from the Tangguh gas field in Indonesia, approximately half of the total supplies for Sempra’s Energia Costa Azul project, may be diverted to Japan. The piece goes on to suggest that the California Public Utilities Commission may want to take this...