NATS: Atlantic Basin Markets Adequately Prepared for Winter
Posted on Nov 6, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: Atlantic Basin Markets Adequately Prepared for Winter
In its LNG Week in Review, NATS reports that strong storage inventories and mild weather indicate that both the North American and European markets are adequately prepared for the winter heating season. NATS also notes that there has been an increase in LNG tanker traffic traversing the Suez Canal from the Atlantic Basin to reach Asian markets. However, NATS also reports that labor...
Williams Completes Successful Open Season for Gulf LNG Pipeline
Posted on Nov 6, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Williams Completes Successful Open Season for Gulf LNG Pipeline
Pipeline company Williams announced yesterday that it successfully completed a binding open season for its pipeline that will connect the Gulf LNG import terminal to existing pipeline infrastructure. Williams told Reuters that Angola LNG Supply Services LLC subscribed to all firm capacity offered, scheduled to begin in 2011 pending FERC approval of the...
Company Official: Calypso LNG Could Begin Operations in Summer 2010
Posted on Nov 5, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Company Official: Calypso LNG Could Begin Operations in Summer 2010
Following the release of the Draft Environmental Impact Statement by the U.S. Coast Guard and MARAD on Calypso LNG, Calypso project manager Dan McGinnis told Reuters that if the licensing process goes smoothly, he expects construction to begin in May 2008 and commercial operations to begin in Summer 2010. McGinnis also noted that the project cost estimate is currently over $350...
California Utilities Commission Contemplates Evaluation Process for Long-Term LNG Procurement Arrangements
Posted on Nov 2, 2007 in Markets and Competition, State and Local Issues | Comments Off on California Utilities Commission Contemplates Evaluation Process for Long-Term LNG Procurement Arrangements
In an effort to ensure adequate natural gas supplies for the California market, the California Public Utilities Commission (CPUC) announced yesterday that it will institute a rulemaking proceeding to consider the implementation of an evaluation process for requests by California utilities to enter into long-term LNG supply contracts. Moreover, the CPUC intends to examine the...
NATS: October Imports of LNG to United States Lowest for the Month in Four Years
Posted on Oct 31, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: October Imports of LNG to United States Lowest for the Month in Four Years
NATS reports that LNG sendout in October 2007 was 29.3 Bcf, compared with 47.8 Bcf in October 2004. Despite a low level in October, NATS also reports that year-to-date imports of LNG to the United States is far outpacing levels of any of the previous four years. [Subscription...
Oxy Still Pursuing LNG Supplies for Its Ingleside LNG Terminal
Posted on Oct 30, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Oxy Still Pursuing LNG Supplies for Its Ingleside LNG Terminal
U.S. Occidental Petroleum (“Oxy”) told Reuters that before the company begins construction of its Ingleside LNG import terminal, it hopes to line up LNG supplies. Oxy has signed a supply contract with Nigerian LNG and a letter of intent with Algerian Sonatrach, but those supplies would total only half of the planned capacity for Ingleside...