NATS: Relatively Low U.S. Gas Prices Sending LNG Cargos to Europe
Posted on Nov 20, 2007 in Markets and Competition | Comments Off on NATS: Relatively Low U.S. Gas Prices Sending LNG Cargos to Europe
NATS LNG Week in Review reports on the relatively low U.S. gas prices that are sending LNG cargos to European destinations. Low U.S. gas prices are keeping the Cove Point and Lake Charles LNG terminals operating at low levels of utilization and the Excelerate Gulf Gateway facility is idle, according to NATS. [Subscription...
Costa Azul Terminal May Link North America to Asian Gas Markets
Posted on Nov 16, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Costa Azul Terminal May Link North America to Asian Gas Markets
Darcel Hulse, president and CEO of Sempra LNG, told Platts LNG Daily [subscription required] that the company is “excited about the opportunity to understand the interconnectivity of North America and the Asian [natural gas] market” as the company’s Energia Costa Azul LNG terminal comes online in 2008. Hulse noted that Sempra’s two LNG regasification terminals,...
Report Advocates Opening Federal Lands to Oil and Gas Exploration
Posted on Nov 16, 2007 in E&P, Markets and Competition | Comments Off on Report Advocates Opening Federal Lands to Oil and Gas Exploration
A report issued by the Baker Institute for Public Policy at Rice University advocates opening federal lands to oil and gas exploration to avoid U.S. dependence on foreign natural gas supplies and to prevent the creation of an international gas-production cartel similar to OPEC. One of the report’s co-authors, Kenneth Medlock, reiterated this point to the Houston Chronicle, saying...
Global Trend, LNG Import Growth Could Make United States a Major “Swing Player”
Posted on Nov 15, 2007 in Markets and Competition | Comments Off on Global Trend, LNG Import Growth Could Make United States a Major “Swing Player”
Platts LNG Daily reports that Matthew Schatzman, president of BG Energy Merchants and BG LNG Trading, said that global trends and rising LNG imports could converge to make the United States a major “swing player” in the globalized gas market. Schatzman, speaking to a conference in Houston said the United States will “literally connect the world market because of its...
Study Commissioned by Weaver’s Cove LNG Finds Region Needs New Natural Gas Supplies
Posted on Nov 15, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Study Commissioned by Weaver’s Cove LNG Finds Region Needs New Natural Gas Supplies
Global Insight Inc., an economics research firm, released a study yesterday finding that 50% of all LNG imports to the United States will enter via the U.S. East coast by 2017. According to the Boston Business Journal, the study, which was sponsored by supporters of Weaver’s Cove LNG, also found that the Fall River, Mass., LNG proposal would supply approximately 35% of the...
Growing U.S. LNG Imports Present Opportunities for Pipeline Companies
Posted on Nov 14, 2007 in Markets and Competition, Pipelines | Comments Off on Growing U.S. LNG Imports Present Opportunities for Pipeline Companies
Platts LNG Daily [subscription required] reports that Bill Yardley, vice president of Spectra Energy Group, told the Wachovia Securities LNG conference that increasing U.S. LNG imports present significant growth opportunities for gas pipeline companies. “This is an opportunity-rich environment to deal with our natural gas infrastructure,” said...