Report: Growing Mexican LNG Imports Could Replace U.S. Supplies
Posted on Oct 30, 2007 in Canada & Mexico, Markets and Competition | Comments Off on Report: Growing Mexican LNG Imports Could Replace U.S. Supplies
According to Platts LNG Daily, a report released by Raymond James and Associates suggests that Mexican demand for U.S. gas supplies will decline as Mexico imports greater volumes of LNG. The report notes, however, that if these import volumes are curtailed, Mexico will continue to seek gas from the U.S. [Subscription...
Sempra Energy Contemplating Liquefaction Projects
Posted on Oct 30, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra Energy Contemplating Liquefaction Projects
Sempra LNG CEO Darcel Hulse told the Associated Press (carried via the Houston Chronicle) that the company would consider upstream liquefaction projects if it can find the right partner. Hulse said, “We’re not an upstream producer, but we’re not opposed to developing the necessary infrastructure.” Hulse also noted that the company’s Port Arthur LNG project...
Gazprom Selects StatoilHydro as Second Partner in Shtokman Project Development
Posted on Oct 25, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom Selects StatoilHydro as Second Partner in Shtokman Project Development
Russian gas company Gazprom announced this morning that it has selected Norwegian firm StatoilHydro to join French firm Total in co-owning the company developing and operating the Shtokman gas field. According to Bloomberg, StatoilHydro, which will own 24% of the operating company, previously had offered part of its capacity at Cove Point LNG in Maryland as part of the Shtokman...
Offshore LNG Import Terminals May Allay Concerns of Local Residents
Posted on Oct 24, 2007 in Environmental, Markets and Competition, Regas Terminals & Capacity, Safety & Security | Comments Off on Offshore LNG Import Terminals May Allay Concerns of Local Residents
Reuters offers an analysis of the relative benefits of building LNG import infrastructure offshore compared with onshore facilities. The piece cites Excelerate Energy chief executive Rob Bryngelson who said that an offshore LNG facility “doesn’t tie up coastal land, you put infrastructure away from people, and you take a security risk out of ports and away from...
Op-Ed: LNG Companies May Use Import Terminals in the Pacific Northwest to Access California Market
Posted on Oct 24, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: LNG Companies May Use Import Terminals in the Pacific Northwest to Access California Market
An op-ed carried by the Long Beach Press-Telegram (Calif.) argues that LNG project developers may increasingly seek to build LNG import terminals in the Pacific Northwest to access the large California natural gas...
NATS: U.S. Gas Prices Lag as LNG Cargos Find European Destinations
Posted on Oct 23, 2007 in Markets and Competition | Comments Off on NATS: U.S. Gas Prices Lag as LNG Cargos Find European Destinations
NATS LNG Week in Review reports that as gas prices in the United States continue to lag behind European prices, LNG spot cargos are trending more and more toward European destinations. NATS suggests that one possible reason for the large price differential is that European gas prices are closely linked to oil prices due to the long term contract positions held by Gazprom. As oil prices...