Industry Experts Warn LNG May Not Fill Supply Gap in U.S. Gas Market
Posted on Nov 14, 2007 in Markets and Competition | Comments Off on Industry Experts Warn LNG May Not Fill Supply Gap in U.S. Gas Market
At the National Association of Regulatory Utility Commissioners (NARUC) meeting in Anaheim, Calif., several industry insiders spoke of the obstacles, notably the willingness of overseas LNG buyers to enter into long-term, take-or-pay supply contracts, that may prevent LNG from completely filling the supply gap in the U.S. gas market. Read more in Platts LNG Daily [subscription...
Cheniere Announces Non-Binding Open Season on Pipeline From Gulf Coast LNG Terminals
Posted on Nov 13, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Cheniere Announces Non-Binding Open Season on Pipeline From Gulf Coast LNG Terminals
Platts LNG Daily [subscription required] reports that Cheniere Energy announced Monday that it will launch a non-binding open season to measure interest in its proposed Louisiana Natural Gas Header pipeline. The proposed pipeline is expected to transport regasified natural gas from Gulf Coast LNG import terminals to Florida. Further details are available in the company’s project...
NATS: High Oil Price Has Not Dramatically Affected Global Gas Market Yet
Posted on Nov 13, 2007 in Markets and Competition | Comments Off on NATS: High Oil Price Has Not Dramatically Affected Global Gas Market Yet
In its LNG Week in Review, NATS states that the near-record price of oil has not dramatically affected natural gas prices around the world, although NATS questions whether that circumstance will persist. NATS notes that U.S. gas prices, both spot and future, actually dropped during the past...
Op-Ed: Oregon LNG Terminals Proposed to Supply Gas to California
Posted on Nov 13, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: Oregon LNG Terminals Proposed to Supply Gas to California
An op-ed carried by the Valley Chronicle (Hemet, Calif.) argues that the LNG projects proposed for the Pacific Northwest, specifically those in Oregon, will be used primarily to supply gas to California. The opinion piece states that if the Oregon proposals move forward, California will lose its ability to shape its own energy...
EIA Expects Year-on-Year Increase of LNG Imports to United States in 2007 and 2008
Posted on Nov 7, 2007 in Markets and Competition | Comments Off on EIA Expects Year-on-Year Increase of LNG Imports to United States in 2007 and 2008
In its Short-Term Energy Outlook released yesterday, the Energy Information Administration (EIA) predicted a 39% increase of LNG imports to the United States in 2007 and a 24% increase in 2008. EIA cited growing global liquefaction capacity as one reason for likely growth in LNG import levels. Platts LNG Daily provides additional details [subscription...
FERC Hosts Conference on the State of the Natural Gas Industry
Posted on Nov 7, 2007 in Federal Regulation, Markets and Competition | Comments Off on FERC Hosts Conference on the State of the Natural Gas Industry
At a conference convened yesterday by FERC and attended by LNGLawBlog, the role of LNG in North America was discussed by several LNG industry experts, including Betsy Spomer of BG Group, Richard Grant of Suez Energy, Zach Allen of Pan Eurasian Enterprises, and Patricia Outtrim of Cheniere Energy. The speakers agreed that the United States has become a balancing market, receiving supply...